Last updated28th August 2017

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
Sale fee
Annual property administration fee
VAT registration fee
VAT return fees
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 management
Number of SIPPs administeredcirca 20,000
Defaqto rating

Transfers

Accepts benefits from defined benefit / final salary schemes?Yes

Misc

Flexi Access Drawdown /UFPLS offeredYes
Scheme Pension offeredYes
Notes