Last updated26 February 2019

Charges

Charges are subject to VAT although shown excluding VAT
Initial/Set up feeNil
Annual fee£300 annually in advance
Transfer in feeNil if received within 3 months of SIPP commencement date, otherwise £50 per transfer
Transfer out fee£150 - partial / full cash transfers
£400 - transfer to QROPS
£75 - in-specie in addition to transfer fee
£200 - preparation of Deed of Assignment
In-specie transfer in fee£75
Taking Benefits£100 upon establishing drawdown, incl payment of PCLS (per event)

Annual drawdown fee £150 (£75 if no income taken)

Additional annual drawdown fee if more than one arrangement £50 pa, capped at £100

Additional ad hoc drawdown payments £75

UFPLS £150 per event

Compulsory capped drawdown reviews £75

Switch from capped drawdown to flexi-access drawdown £75

SIPP closure £200
Annuity purchase fee£150
Payment of death benefits feetime costed - minimum £500
Other feesAd-hoc cash contributions (if in excess of annual allowance) £50

Investment transactions:

Setting up additional bank account £50

Setting up standard investment (e.g. discretionary portfolio or investment platform account) £75

Ad-hoc top up payments to existing investments, including regular cheque payments £25

Management

Access: Direct or via IFABoth

Online capability

DetailsJLT Premier Pensions offers online viewing access for all members and their Financial Advisers

Permitted Investments

Commercial property
Overseas property
Unit trusts & OEICSAll platforms allowed
External deposit accountsunrestricted access to all 'sippable' 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
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 providerBank of Scotland
Current interest rate0.025%

Structure

Scheme trusteesPersonal Pension Trustees Limited
Scheme administratorJLT Benefit Solutions Ltd (JLTBS)

Minimum contributions

Regular paymentsNo minimum
Transfers/Single PremiumsNo minimum
Min additionalNo minimum

Company Information

OwnershipJardine Lloyd Thompson
Year establishedSIPP established 2001
Funds under management£763,202,686 (Aug 2015)
Number of SIPPs administered2,300+
Defaqto rating

Transfers

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

Misc

Flexi- Access Drawdown/UFPLS offeredYes
Scheme Pension offeredNo
NotesAll investments are subject to JLT investment mandate and investment processes