Last updated20 May 2019


Charges are subject to VAT although shown excluding VAT
Initial/Set up feenil
Annual fee£195 in advance for up to two Standard Investments (in addition to the SIPP bank account)

£50 per additional Standard Investment, capped at £200 pa
Transfer in feeFirst two transfers at establishment or within three months of establishment, free

Subsequent transfers, £95 per transfer
Transfer out feeIn cash from the default SIPP bank account, £295

To an overseas pension scheme, time costed

In specie transfers out, £295

SIPP closure (not through annuity purchase or transfer) £295 in first year of opening, £145 in second year, nil thereafter
In-specie transfer in feeIn-specie from an investment manager or fund supermarket, where assets are held in a nominee account, £95

In-specie transfer in of Trustee Investment Plan (TIP), £295

Investments held direct with a fund provider / registrar, £95 plus £50 per asset held

Deeds of assignment (where needed), £295
Taking BenefitsTo take a tax-free lump £150 per event

UFLPS, £150 per event

Establishment of PAYE, £95

annually billed fee for operation of PAYE;

monthly pension, £145
quarterly pension, £115
biannual pension, £85
annual pension, £55

Capped drawdown review, £125 per review

non-standard benefit calculations, time costed
Annuity purchase fee£175
Payment of death benefits feeTime costed
Other feesTax return (where required), £185

Client meetings, HMRC investigations, member disputes/pension sharing orders, time costed

non-standard benefits calculations, time costed


Access: Direct or via IFABoth

Online capability

DetailsAccount balances with the Bath Building Society can be seen online.

Permitted Investments

Commercial property
Overseas property
Unit trusts & OEICSAll platforms allowed
External 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
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 fees

SIPP Bank Account

SIPP bank account providerBath Building Society
Current interest rate0.60%


Scheme trusteesRedswan Pensioneers Limited & Redswan Trustees Limited
Scheme administratorRedswan Limited

Minimum contributions

Regular paymentsNo minimum
Transfers/Single PremiumsNo minimum
Min additionalNo minimum

Company Information

OwnershipPrivately owned
Year established2004
Funds under managementNot disclosed
Number of SIPPs administeredNot disclosed
Defaqto ratingFive Stars


Accepts benefits from defined benefit / final salary schemes?


Flexible Drawdown offeredYes
Scheme Pension offeredYes

Need advice on your SIPP?

Contact our team of SIPP specialists today:

0115 933 8433

Online enquiry form

Redswan SIPP

Redswan is a specialist pension provider of both Self Invested Personal Pensions (SIPPs) and Small Self Administered Schemes (SSAS).

Redswan SIPP is privately owned, was established in 2004.

The SIPP allows a wide range of investments, including commercial property, platforms, investment trusts, and external deposit accounts.

The Redswan SIPP is available for investors to open directly or via an Independent Financial Adviser (IFA) and has no minimum contribution.

The SIPP bank account provider for the Redswan SIPP is the Bath Building Society.

Redswan SIPP offers a low-cost SIPP (Cygnet plan) – this plan allows for the SIPP bank account plus two standard investments.