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Last updated 4th April 2012
Charges
Charges are subject to VAT although shown excluding VAT
Initial/Set up fee None
Annual fee Dependent on type of investments required
Option 1: £250, permits the plan to hold one single FSA regulated investment but excludes land and property
Option 2: £500 which permits two or more FSA regulated investments or one or more unregulated investments to be held within the SIPP, but excludes land and property
Option 3: £1,000 which permits all HMRC allowable investments including land and commercial property
Transfer in fee None
Transfer out fee None
In-specie transfer in fee None
Income Drawdown Initial: None
Ongoing: £150
Additional Income Drawdown fees None
Annuity purchase fee None
Payment of death benefits fee None
Other fees Payments made by CHAPS, £30
Management
Access: Direct or via IFA Both
Online capability
Details Limited to downloading application forms
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 None
Annual property administration fee Included in the annual SIPP fee of £1,000 for the first year, dropping to £750 per year thereafter
VAT registration fee None
VAT return fees £100 per quarter
Other fees None
SIPP Bank Account
SIPP bank account provider Barclays Bank
Current interest rate 0.5%
Structure
Scheme trustees Stadia Trustees Ltd
Scheme administrator Stadia Trustees Ltd
Minimum contributions
Regular payments None
Transfers/Single Premiums £25,000 minimum required to establish the SIPP
Min additional None
Company Information
Ownership Privately owned
Year established 2006
Funds under management Not disclosed
Number of SIPPs administered Not disclosed
Transfers
Accepts benefits from defined benefit / final salary schemes?
Yes, direct or IFA advised
Misc
Flexible Drawdown offered Yes
Notes
