Last updated28 March 2019

Reviews

Read reviews for the Intelligent Money Optimum SIPPComing soon

Charges

Charges are not subject to VAT
Initial/Set up feenil
Annual feeFunds £50,000+ nil

Funds <£50,000: £195 pa
Transfer in feeCash: nil

Transfer out feeTime costed @ £150 p/h
In-specie transfer in feeTime costed @ £150 p/h
Taking benefitsCalculation of benefits: time costed @ £150 p/h

Income payment facility : nil

Review of income drawdown: time costed @ £150 p/h

Annuity purchase feeTime costed @ £150 p/h
Payment of death benefits fee
Other feesInterim valuation : £30

Platform investment transactions: nil

Non-platform investment transactions: time costed @ £150 p/h

Optimum Portfolios have an initial charge of 1.5% and annual charge of 0.87%

Management

Access: Direct or via IFAvia IFA only

Online capability

DetailsOnline application and illustration system for advisers

Permitted Investments

Commercial property
Overseas property
Unit trusts & OEICS
External deposit accounts
Overseas listed stock and shares
UK listed stocks and shares
AIM shares
Gilts/corporate bonds
ETFs
Investment trusts
Discretionary management
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 fee £150ph
Sale fee£150ph
Annual property administration fee£350
+ £75 per additional holding
VAT registration fee£150ph
VAT return fees£150ph
Other fees

SIPP Bank Account

SIPP bank account providerBank of Scotland
Current interest rate0%

Structure

Scheme trusteesIntelligent Money
Scheme administratorIntelligent Money

Minimum contributions

Regular payments
Transfers/Single Premiums£50,000
Min additionalnil

Company Information

OwnershipOwned by the directors
Year established2002
Funds under managementcirca £2 billion
Number of SIPPs administeredcirca 20,000
Defaqto rating

Transfers

Accepts benefits from defined benefit / final salary schemes?No

Misc

Flexi Access Drawdown /UFPLS offeredYes
Scheme Pension offeredYes
Notes