Home| Last updated | 23rd August 2011 |
|---|---|
Charges | Charges are subject to VAT although shown excluding VAT |
| Initial/Set up fee | £250 including two transfers in |
| Annual fee | £300 |
| Transfer in fee | £50 for the third transfer in onwards |
| Transfer out fee | £500 |
| In-specie transfer in fee | Nil as they are considered as transfers |
| Income Drawdown | Initial: £200 Ongoing: Monthly income £150 per year, Quarterly income £125 per year, Annual income £100 per year |
| Additional Income Drawdown fees | None |
| Annuity purchase fee | £150 |
| Payment of death benefits fee | £500 |
| Other fees | |
Management | |
| Access: Direct or via IFA | Both |
Online capability | |
| Details | Scheme information, bank accounts, holdings with latest values Access available to both member and IFA |
Permitted Investments | All types of investments are considered with no restrictions other than those not permitted by pension legislation |
| Commercial property | No |
| Unit trusts & OEICS | Yes, all platforms allowed |
| External deposit accounts | Yes, unrestricted access to all 'sippable' deposit accounts |
| Overseas listed stock and shares | Yes, all stockbrokers allowed |
| UK listed stocks and shares | Yes, all stockbrokers allowed |
| AIM shares | Yes, all stockbrokers allowed |
| Gilts/corporate bonds | Yes, all stockbrokers allowed |
| ETFs | Yes, all stockbrokers allowed |
| Investment trusts | Yes |
| Discretionary management | Yes, unrestricted access |
| National Savings & Investments | Yes |
| Unlisted shares | No |
| Structured products | Yes |
| Trustee Investment Plans | Yes |
| Insurance company funds | Yes |
| Hedge funds | Yes |
| Traded endowment plans | No |
Property purchase | Not allowed |
| Purchase fee | N/A |
| Sale fee | N/A |
| Annual property administration fee | N/A |
| VAT registration fee | N/A |
| VAT return fees | N/A |
| Other fees | N/A |
SIPP Bank Account | |
| SIPP bank account provider | Royal Bank of Scotland |
| Current interest rate | 0.80% |
Structure | |
| Scheme trustees | Carey Pension Trustees UK Ltd |
| Scheme administrator | Carey Pensions UK LLP |
Minimum contributions | |
| Regular payments | No minimum |
| Transfers/Single Premiums | No minimum |
| Min additional | No minimum |
Company Information | |
| Ownership | 70% Carey Group, 30% CEO |
| Year established | 2009 |
| Funds under management | Circa £90m |
| Number of SIPPs administered | Circa 900 |
Transfers | |
| Accepts benefits from defined benefit / final salary schemes? | Yes, if IFA advised |
Misc | |
| Flexible Drawdown offered | Yes |
| Notes |
