Home| Last updated | 26th August 2011 |
|---|---|
Charges | Charges are subject to VAT although shown excluding VAT |
| Initial/Set up fee | £325 |
| Annual fee | £475 per year |
| Transfer in fee | None for cash transfers |
| Transfer out fee | £255 cash transfer out £625 in specie transfer out |
| In-specie transfer in fee | None except for in specie property transfers £525 for in specie property transfer |
| Income Drawdown | Initial: £60 set up fee in respect of PAYE £60 per Pension Commencement Lump Sum Payment (PCLS) Ongoing: £125 per year |
| Additional Income Drawdown fees | £60 per event |
| Annuity purchase fee | None |
| Payment of death benefits fee | None |
| Alteration to income fee | £60 per adjustment |
| Other fees | To establish investment portfolio with non Rowanmoor investment partner £50 Direct investments (basic) £50 per investment Direct investments (complex) £200 per transaction (purchase or disposal) Loan established to an unconnected third party £150 per loan granted Loan monitoring £125 per loan per year Offshore or overseas investments, time costed Ad hoc SIPP valuation £50 In specie contribution (non property) £200 plus £75 per asset re-registration In specie contribution (property) £525 |
Management | |
| Access: Direct or via IFA | IFA, but will accept direct cases |
Online capability | Access to the SIPPview system for both clients and IFAs |
| Details | Online guidance provided |
Permitted Investments | |
| Commercial property | Yes |
| Unit trusts & OEICS | Yes, all platforms allowed, £50 fee charged if an investment partner is not used |
| External deposit accounts | Yes, unrestricted access to all 'sippable' deposit accounts |
| Overseas listed stock and shares | Yes, all stockbrokers allowed, £50 fee charged if Stocktrade not used |
| UK listed stocks and shares | Yes, all stockbrokers allowed, £50 fee charged if an investment partner is not used |
| AIM shares | Yes, all stockbrokers allowed, £50 fee charged if Stocktrade not used |
| Gilts/corporate bonds | Yes, all stockbrokers allowed, £50 fee charged if Stocktrade not used |
| Investment trusts | Yes, all stockbrokers allowed, £50 fee charged if Stocktrade not used |
| 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 | £525 per property |
| Sale fee | £365 per property |
| Annual property administration fee | £200 per property |
| VAT registration fee | Nil, Rowanmoor do not register SIPPs for VAT |
| VAT return fees | Not applicable |
| Other fees | Property development, 1% of development costs, to a maximum of £1,000 Leases (other than at acquisition stage) £200 Borrowing £200 - £500 depending on the lender |
SIPP Bank Account | |
| SIPP bank account provider | Royal Bank of Scotland |
| Current interest rate | 0.12% |
Structure | |
| Scheme trustees | Rowanmoor Trustees Ltd |
| Scheme administrator | Rowanmoor Personal Pensions Ltd |
Minimum contributions | |
| Regular payments | Nil |
| Transfers/Single Premiums | Nil |
| Min additional | Nil |
Company Information | |
| Ownership | Privately owned |
| Year established | 2006 |
| Funds under management | Not disclosed |
| Number of SIPPs administered | Approximately 1,200 plus 600 family pension trusts |
Transfers | |
| Accepts benefits from defined benefit / final salary schemes? | Yes |
Misc | |
| Flexible Drawdown offered | Yes |
| Notes |
