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Last updated 6th February 2012
Telephone: 01228 538 988
Address: InvestAcc Pension Administration Limited, Minerva House, Port Road Business Park, Carlisle, Cumbria, CA2 7AF
Go to the InvestAcc website
Literature Click here to be taken to the literature library on the InvestAcc website
Charges
Charges are subject to VAT although shown excluding VAT
Initial/Set up fee None
Annual fee £400
Transfer in fee None
Transfer out fee None
In-specie transfer in fee None
Income Drawdown Initial: None
Ongoing: £100 (if income is being taken) payable annually in arrears except for Flexible Drawdown when it is paid annually in advance
Additional Income Drawdown fees None
Annuity purchase fee None
Payment of death benefits fee None
Other fees None
Management
Access: Direct or via IFA Both
Online capability
Details Online view only facility to access current valuations
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
Structured products Yes
Trustee Investment Plans Yes
Insurance company funds Yes
Hedge funds Yes
Traded endowment plans Yes
Property purchase
Purchase fee None
Sale fee £250 per property
Annual property administration fee £250 per property.
Not levied in the year the property is first purchased, but is an annual fee every year thereafter. Subsequent properties charged at £100 per year each.
VAT registration fee None
VAT return fees None
Other fees None
SIPP Bank Account
SIPP bank account provider Newcastle Building Society
Current interest rate 0.75%
Structure
Scheme trustees InvestAcc Pension Trustees Limited
Scheme administrator InvestAcc Pension Administration Limited
Minimum contributions
Regular payments No minimum
Transfers/Single Premiums No minimum
Min additional No minimum
Company Information
Ownership Privately owned by InvestAcc Group Limited
Year established 1992
Funds under management Not disclosed
Number of SIPPs administered 1,154
Transfers
Accepts DB transfers? Yes, if IFA advised
Misc
Flexible Drawdown offered Yes
Notes
