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Last updated 23rd January 2012
Telephone: 0115 841 5000
Address: Talbot & Muir, 22-26 Clarendon Street, Nottingham, NG1 5HQ
Go to the Talbot & Muir website
Literature Set up
Application Form
Key Features
Member Agreement
Trust Deed & Rules
Cater Allen Application Form
Expression of Wishes
Checklist
General
Brochure
SIPP Guide
Fee Schedule
Additional Transfer Questionnaire
Property
Property Administration & Risk Warning Notice
Property Questionnaire
Environmental Screening Questionnaire
Charges
Charges are subject to VAT although shown excluding VAT
Initial/Set up fee £495
Annual fee £405 if single asset or £455 if multi asset. See notes section below.
Transfer in fee None
Transfer out fee £150
In-specie transfer in fee £50
Income Drawdown Initial: £125
Ongoing: £150 per year
Additional Income Drawdown fees None
Annuity purchase fee £150
Payment of death benefits fee Time costed
Other fees Unlisted share purchase, £500
In Specie Contributions, £500
Loans to unconnected third parties, £995
Bypass Trust, £150
Scheme Pension:
Establishment fee, £395 - £595 (£595 if bespoke underwriting is required)
Annual fee, £150
Benefit review, £150 - £350 (£350 if bespoke underwriting is required)
Management
Access: Direct or via IFA Both
Online capability
Details Valuations, downloadable documents and technical centre
Permitted Investments
Commercial property Yes
Unit trusts & OEICS Yes, all platforms allowed subject to due diligence
External deposit accounts Yes, unrestricted access to all 'sippable' deposit accounts, subject to due diligence
Overseas listed stock and shares Yes, all stockbrokers and platforms allowed, subject to due diligence
UK listed stocks and shares Yes, all stockbrokers and platforms allowed, subject to due diligence
AIM shares Yes, all stockbrokers and platforms allowed, subject to due diligence
Gilts/corporate bonds Yes, all stockbrokers and platforms allowed, subject to due diligence
ETFs Yes, all stockbrokers and platforms allowed, subject to due diligence
Investment trusts Yes, all stockbrokers and platforms allowed, subject to due diligence
Discretionary management Yes, unrestricted access, subject to due diligence
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 £650 per property
Sale fee £350 per property
Annual property administration fee £270 per property
VAT registration fee £100
VAT return fees £50 per quarter
Other fees Pension fund borrowing fee £250 per property
SIPP Bank Account
SIPP bank account provider Cater Allen
Current interest rate Tiered rates from 0.1% to 0.5%
Structure
Scheme trustees TM Trustees
Scheme administrator Talbot & Muir SIPP LLP
Minimum contributions
Regular payments One off £20 to establish regular payments
Transfers/Single Premiums £20
Min additional None
Company Information
Ownership Independently owned by board of directors
Year established 1993
Funds under management £407m as of October 2011
Number of SIPPs administered 1,726 as of October 2011
Transfers
Accepts benefits from defined benefit / final salary schemes?
Yes, if IFA advised
Misc
Flexible Drawdown Offered Yes
Notes In order to qualify as a Single-Asset SIPP, in addition to the main SIPP bank account held with Cater Allen Private Bank, the SIPP may only contain one other non direct property holding. For example, this may take the form of either a single Discretionary Fund Manager portfolio, a single Platform, a single stand alone Unit Trust/OEIC/Trustee Investment Plan, or a single direct equity holding. As soon as the SIPP owns more than one of these assets, or purchases direct property (either singularly or as part of a syndicate), it is then treated as a Multi-Asset SIPP.
