Home| Last updated | 19th September 2011 |
|---|---|
Charges | Charges are subject to VAT although shown excluding VAT |
| Initial/Set up fee | £495 |
| Annual fee | £395 with no property assets held £495 with property assets held |
| Transfer in fee | £150 protected rights transfer in fee (fee covers all protected rights transfers and is not charged per transfer) |
| Transfer out fee | £150 |
| In-specie transfer in fee | £500 |
| Income Drawdown | Initial: £150 for retirement calculations £50 PAYE set up Ongoing: £445 with no property assets held £545 with property assets held |
| Additional Income Drawdown fees | Pension review, £150 every three years before the age of 75, yearly thereafter |
| Annuity purchase fee | £150 |
| Payment of death benefits fee | £250 |
| Other fees | Additional bank account fee, £50 per year per member / account Ad hoc scheme valuations, £150 In specie contribution, £500 Self investment share purchase, £995 |
Management | |
| Access: Direct or via IFA | Via IFA only |
Online capability | |
| Details | None |
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, unrestricted access to all 'sippable' deposit accounts |
| 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 & REITS & EPUTS | Yes, all stockbrokers allowed |
| Discretionary management | Yes, unrestricted access |
| National Savings & Investments | Yes |
| Unlisted shares | Yes |
| Structured products | Yes |
| Trustee Investment Plans | Yes |
| Insurance company funds | Yes |
| Hedge funds | Yes |
| Traded endowment plans | Yes |
Property purchase | |
| Purchase fee | £350, using a preferred solicitor £500, using other solicitor £500, joint property purchase using a preferred solicitor £650, joint property purchase using other solicitor |
| Sale fee | 50% of property purchase fees |
| Annual property administration fee | None |
| VAT registration fee | £150 |
| VAT return fees | £100 per year, per property |
| Other fees | Borrowing fee, £300 Self investment share purchase, £995 Overseas property purchase, £750 |
SIPP Bank Account | |
| SIPP bank account provider | Royal Bank of Scotland |
| Current interest rate | 0.25% below £100,000 0.45% above £100,000 |
Structure | |
| Scheme trustees | Guardian Pension Trustees Limited |
| Scheme administrator | Guardian Pension Trustees Limited |
Minimum contributions | |
| Regular payments | None |
| Transfers/Single Premiums | £15,000 / None |
| Min additional | None |
Company Information | |
| Ownership | Privately owned |
| Year established | 2005 |
| Funds under management | £158 million |
| Number of SIPPs administered | Circa 2,700 |
Transfers | |
| Accepts benefits from defined benefit / final salary schemes? | Yes, if IFA advised |
Misc | |
| Flexible Drawdown offered | No |
| Notes |
