Last updated23 May 2017

Reviews

Read reviews for the Yorsipp Start Up SIPP

Charges

All fees include VAT
Initial/Set up fee£75
Annual fee£200
Transfer in feeNone
Transfer out feeTransfer Out Cash Nil
Transfer Out UK based asset £100 per asset but capped at £300
Transfer Out UK Based Property N/A
Transfer Out Overseas £600
In-specie transfer in feeNone
Taking BenefitsBenefit Crystallisation £145

Ongoing: £100 per year

Capped to Flexible Switch £75
Additional Income Drawdown feesAdditional crystallisation event, £145
Annuity purchase fee£145
Payment of death benefits feeNil
Other feesPensions on Divorce Settlement £300

Management

Access: Direct or via IFAIFA only

Online capability

DetailsNone at present

Permitted Investments

Commercial property
Overseas property
Unit trusts & OEICSAll platforms allowed
External deposit accountsUnrestricted access
Overseas listed stock and sharesAll stockbrokers allowed
UK listed stocks and sharesAll stockbrokers allowed
AIM shares
Gilts/corporate bondsAll stockbrokers allowed
ETFs
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 providerBank of Scotland
Current interest rate0.00%

Structure

Scheme trusteesYorsipp (Trustees) Limited
Scheme administratorYorsipp Limited

Minimum contributions

Regular paymentsNo minimum
Transfers/Single PremiumsNo minimum
Min additionalNo minimum

Company Information

OwnershipPrivately owned
Year established2006
Funds under management£135 million
Number of SIPPs administered700+
Defaqto ratingNot rates

Transfers

Accepts benefits from defined benefit / final salary schemes?
Yes

Misc

Flexible Drawdown offeredYes
Scheme Pension offeredNo
Notes

Need advice on your SIPP?

Contact our team of SIPP specialists today:

0115 933 8433

info@investmentsense.co.uk

Online enquiry form

YorSIPP Start Up SIPP

YorSIPP offer two SIPPs (Self Invested Personal Pensions), the Full SIPP and the Start Up SIPP.

Based in Glasgow YorSIPP is a privately owned company, was founded in 2001 and currently administer over 600 SIPPs with total funds under management in excess of £130 million.

The YorSIPP Start UP SIPP is designed for people who want wider investment powers than are available from a Personal Pension, but who do not, as yet, need a Full SIPP. The charges on the Start Up SIPP are therefore lower than for the Full SIPP.

The Start Up SIPP, in common with the Full SIPP, is only available through IFAs (Independent Financial Advisers) and has no minimum level of contribution.

Bank of Scotland run the SIPP bank account, although no interest is payable.