Last updated12th April 2014

Reviews

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Charges

Charges are not subject to VAT
Initial/Set up feeNone
Annual feeFirst £500,000, 0.3%

Next £500,000, 0.2%

Over £1,000,000 0.1%
Transfer in feeNone
Transfer out feeNone
In-specie transfer in feeNone
Income DrawdownInitial: None

Ongoing: None
Additional Income Drawdown fees
None
Annuity purchase feeNone
Payment of death benefits feeNone
Other fees

Management

Access: Direct or via IFAVia IFA only

Online capability

Fully online service for advisers and clients including real time valuations, trading, portfolio analysis, online document store, transaction reports, KIIDS, dashboard, secure messaging.
Details

Permitted Investments

Commercial property
Overseas property
Unit trusts & OEICSVia in-house platform only
External deposit accountsSubject to restrictions
Overseas listed stock and sharesAll stockbrokers allowed
UK listed stocks and sharesAll stockbrokers allowed
AIM sharesAll stockbrokers allowed
Gilts/corporate bondsAll stockbrokers allowed
ETFsAll stockbrokers allowed
Investment trustsAll stockbrokers allowed
Discretionary managementUnrestricted access
National Savings & Investments
Unlisted shares
Structured products
Trustee Investment Plans
Insurance company funds
Hedge funds
Traded endowment plans
Intellectual property
Brands / Trademarks
Goodwill
Third party loans

Property purchase

Purchase feeN/A
Sale feeN/A
Annual property administration feeN/A
VAT registration feeN/A
VAT return feesN/A
Other feesN/A

SIPP Bank Account

SIPP bank account providerBarclays
Current interest rate0.05% below base rate

Structure

Scheme trusteesWealthtime Trustees Limited
Scheme administratorWealthtime Limited

Minimum contributions

Regular paymentsNo minimum
Transfers/Single PremiumsNo minimum
Min additionalNo minimum

Company Information

OwnershipWealthtime Limited
Year established2006
Funds under management£560 million
Number of SIPPs administered1,548
Defaqto ratingFive Stars

Transfers

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

Misc

Flexible Drawdown offeredYes
Scheme Pension offered
No
Notes

Need advice on your SIPP?

Contact our team of SIPP specialists today:

0115 933 8433

info@investmentsense.co.uk

Online enquiry form

Wealthtime SIPP

Wealthtime was established in 2006 and currently has over 1,500 SIPPs (Self-Invested Personal Pensions) with £560 million funds under management.

The Wealthtime SIPP is only available through IFAs (Independent Financial Advisers) and has a relatively unusual charging structure with no initial fee and an annual fee based on the amount invested.

There is no minimum contribution needed to open a Wealthtime SIPP.

The SIPP offers access to a wide range of investments, however commercial property is not allowed.

Wealthtime’s SIPP bank account provider is Barclays with the interest rate set at 0.05% below Bank Base Rate.