Last updated14th April 2016

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Charges

Charges are subject to VAT although shown excluding VAT

Initial/Set up fee£300
Annual fee£500
Transfer in feeArranged by member's IFA £30

Arranged by Taylor Patterson, £75
Transfer out fee£150
In-specie transfer in feeProperty, as per property fees plus £250

Market investments £200 minimum
Taking BenefitsFlexi-Access Drawdown:

Payment of Pension Commencement Lump Sum £150

Payment of regular pension £150 per annum

Changes to frequency or amount of pension payments in a pension year £nil on the first change and £175 for second and subsequent changes

Capped Drawdown:

Switch to Flexi-Access Drawdown £75

Payment of Pension Commencement Lump Sum £150

Payment of regular pension £150 per annum

Changes to frequency or amount of pension payments in a pension year £nil on the first change and £175 for second and subsequent changes
Additional Income Drawdown feesAd hoc benefits illustrations £75

Mandatory reviews, £150
Annuity purchase fee£375
Payment of death benefits feeOn a case by case basis
Other feesReclaim of income tax on investment income, £50 minimum

Completion and submission online of HMRC Registered Pension Scheme Return where required, £75 minimum

Provision of copy deeds and documents £25 minimum

Management

Access: Direct or via IFABoth

Online capability

DetailsOption for IFAs to have viewing rights to their clients portfolios via SIPP Web for up to date valuations. All clients have direct on line viewing rights to their Cater Allen account.

Permitted Investments

Commercial property
Overseas propertyConsidered on a case by case basis
Unit trusts & OEICSAll platforms allowed
External deposit accounts
Overseas listed stock and sharesAll stockbrokers allowed
UK listed stocks and sharesAll stockbrokers allowed
AIM sharesAll stockbrokers allowed
Gilts/corporate bondsAll stockbrokers allowed
ETFsConsidered on a case by case basis
Investment trustsAll stockbrokers allowed
Discretionary managementUnrestricted access
National Savings & Investments
Unlisted sharesConsidered on a case by case basis
Structured products
Trustee Investment Plans
Insurance company funds
Hedge fundsConsidered on a case by case basis
Traded endowment plansConsidered on a case by case basis
Intellectual propertyConsidered on a case by case basis
Brands / TrademarksConsidered on a case by case basis
GoodwillConsidered on a case by case basis
Third party loans

Property purchase

Purchase fee£800, if Taylor Patterson approved solicitor instructed

£1,250, if member's own solicitor instructed

£400 if property purchase with a third party (non SIPP)
Sale fee£350, to a third party

£500, to a connected party
Annual property administration fee£200
VAT registration fee£100
VAT return fees£160
Other feesLease renewal / new lease, £200 if Taylor Patterson approved solicitor used, £250 if member's own solicitor used

Variation of lease, £200 if Taylor Patterson approved solicitor used, £250 if member's own solicitor is used

Property case surcharge fee, £500 minimum

Mortgage set up fee, £250

Mortgage administration, £100 per year

Property development, up to 0.5% of the cost

SIPP Bank Account

SIPP bank account providerCater Allen
Current interest rate£0 - £99,999, 0%

£100,000 - £499,999, 0.125%

£500,000+, 0.25%

Structure

Scheme trusteesTaylor Patterson Trustees Ltd and the member
Scheme administratorTaylor Patterson Associates Ltd

Minimum contributions

Regular paymentsNo minimum
Transfers/Single PremiumsNo minimum
Min additionalNo minimum

Company Information

OwnershipPrivately owned
Year established1979
Funds under administration£156 million
Number of SIPPs administered453
Defaqto rating

Transfers

Accepts benefits from defined benefit / final salary schemes?
Yes, if IFA advised

Need advice on your SIPP?

Contact our team of SIPP specialists today:

0115 933 8433

info@investmentsense.co.uk

Online enquiry form

Taylor Patterson Master SIPP

Taylor Patterson is a leading Lancashire based pension provider specialising in the administration of bespoke pension plans.

For individuals wanting to control the management of their pension, to have a choice of investments including commercial property and considerable flexibility as to when and how they draw their pension benefits, the Taylor Patterson SIPP or SSAS offers the solution.

The Master SIPP is designed to enable SIPP members to invest in commercial property, lease property to the member’s or a third party business or for those wishing to borrow money for property investment.

The Master SIPP is ideal for members who wish to control the management of their property portfolio and want the greatest amount of flexibility in choosing where to invest their pension funds.