Home| Last updated | 23rd February 2012 |
|---|---|
Charges | Charges are subject to VAT although shown excluding VAT |
| Initial/Set up fee | £350 |
| Annual fee | £410 for Single Portfolio SIPP (which allows one platform or one discretionary fund manager) £525 for Full SIPP |
| Transfer in fee | £50 per transfer |
| Transfer out fee | From £250. This includes the winding up of the SIPP, prepartion of legal documents to close the trust deed, moving cash & completion of transferring information request form. |
| In-specie transfer in fee | Time cost |
| Income Drawdown | Initial: £330 Ongoing: £120 per year |
| Additional Income Drawdown fees | Review of pension income, £190 per year Flexible Drawdown initial fee, from £330 Alteration to income fee, £30 Fee to switch from Capped Drawdown to Flexible Drawdown, £75 |
| Annuity purchase fee | From £180 |
| Payment of death benefits fee | From £180 |
| Other fees | Setting up investment portfolios or platforms, from £143 None standard investments, time cost Opening additional bank accounts, from £96 per account Ad hoc valuations, from £22 |
Management | |
| Access: Direct or via IFA | Both |
Online capability | |
| Details | All application forms, brochures & technical guides can be downloaded from Denton's website. Illustrations and valuations will be available Q1 2012. |
Permitted Investments | |
| Commercial property | Yes |
| 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, all stockbrokers allowed |
| Discretionary management | Yes, unrestricted access |
| National Savings & Investments | Yes |
| Unlisted shares | Yes, but will not hold investment in overseas registered trading companies unless it is a company structured purely as an investment vehicle. Such collective investments are subject to individual approval |
| Structured products | Yes |
| Trustee Investment Plans | Yes |
| Insurance company funds | Yes |
| Hedge funds | Yes |
| Traded endowment plans | Yes |
Property purchase | |
| Purchase fee | From £700 per property |
| Sale fee | From £250 per property |
| Annual property administration fee | None |
| VAT registration fee | From £190 |
| VAT return fees | From £90 per quarter |
| Other fees | Overseas commercial property, from £1,000 |
SIPP Bank Account | |
| SIPP bank account provider | Cater Allen |
| Current interest rate | 0.28% - 0.68% depending on cash balance |
Structure | |
| Scheme trustees | Denton & Co Trustees Ltd |
| Scheme administrator | Dentons Pension Management Ltd |
Minimum contributions | |
| Regular payments | No minimum |
| Transfers/Single Premiums | No minimum |
| Min additional | No minimum |
Company Information | |
| Ownership | Privately owned |
| Year established | 1979 |
| Funds under management | £1.2 billion |
| Number of SIPPs administered | 2,105 |
Transfers | |
| Accepts benefits from defined benefit / final salary schemes? | Yes |
Misc | |
| Flexible Drawdown offered | Yes |
| Notes |
