Last updated10th April 2017

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Read reviews for the Rowanmoor SIPP

Charges

Charges are subject to VAT although shown excluding VAT
Initial/Set up fee£300
Annual fee£495
Transfer in feenil
Transfer out fee£325 per cash transfer

£650 per in-specie transfer
In-specie transfer in feeinvestment related fees apply
Taking BenefitsPayment of PCLS £105 per event

Payment of pensions:

£130 PAYE set up

£150 per annum for regular payments of pension

Making adjustment to regular payments, £125 per adjustment

Making ad hoc payment from existing drawdown, £250 per payment

Uncrystallised Pension Fund Lump Sum, £385 per event
Annuity purchase feenil
Payment of death benefits feenil
Other feesNB: This option is currently suspended
Transfer of asset in lieu of cash contribution, £750 per arrangement, plus £75 per asset re-registration

Investment portfolio established with non-SIPP partner, £60

Direct investments (basic) £60 per investment

Unquoted shares transactions £525 purchase, £260 sale per transaction

Direct investments (complex) £525 per transaction

HMRC reporting, time costed

Tax reclamation, £140 per recovery

Provision of information to third parties, time costed

In specie transfer out, £650 per arrangement

Offshore or overseas investments, time costed

Ad hoc SIPP valuation, £60 per asset

Management

Access: Direct or via IFAvia IFA only

Online capability

DetailsSIPPView is our online service available to all Rowanmoor SIPP clients and their financial advisers.

It provides a wide range of information, including valuations, financial transactions, asset holdings, benefit details, adviser fees and contact details for the SIPP client, their advisers and the appointed SIPP administrator.

The features of SIPPView include: SIPP portfolio valuations and a breakdown of asset holdings; the cash balance and historic transactions for the SIPP bank account; details of contributions paid and transfers received both in cash and in specie; benefits information, including a breakdown of all crystallisation events; fee history, including adviser fees paid; a direct link to the appointed SIPP administrator via secure messaging. Financial advisers can view all their Rowanmoor SIPP clients’ plan details on SIPPView through their personal account.

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£750 per property
Sale fee£375 per property
Annual property administration fee£275 per property
VAT registration feeNil, Rowanmoor do not register SIPPs for VAT
VAT return feesnot applicable
Other feesProperty development, 1% of development costs subject to a maximum £2,500

Leases other than at property acquisition, £275

Borrowing, £350-£550 dependent on lender

Loan to unconnected third party, £450 per loan granted

Loan monitoring, £200 per loan per annum

SIPP Bank Account

SIPP bank account providerMetrobank
Current interest rate0.20%

Structure

Scheme trusteesRowanmoor Trustees Ltd
Scheme administratorRowanmoor Personal Pensions Ltd

Minimum contributions

no minimum
Regular paymentsno minimum
Transfers/Single Premiumsno minimum
Min additionalno minimum

Company Information

OwnershipPrivately Owned
Year established2006
Funds under management£3,950m
Number of SIPPs administered4,500
Defaqto rating5 star

Transfers

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

Misc

Flexi-Access Drawdown/UFPLS offeredYes
Notes

Need advice on your SIPP?

Contact our team of SIPP specialists today:

0115 933 8433

info@investmentsense.co.uk

Online enquiry form

Rowanmoor SIPP

Rowanmoor is a trading name of the Embark Group, providing Self-Invested Personal Pensions (SIPPs), Small Self-Administered Schemes (SSASs) and Family Pension Trusts (Family SIPPs).

Rowanmoor Personal Pensions Limited administers around 4,500 SIPPs which can be opened through an IFA.

The Rowanmoor SIPP has two investment options that allow investment into a wide range of assets, including commercial property, listed and unlisted shares, discretionary fund managers, investment trusts, external deposit accounts and many other assets.

There is no minimum contribution level in order to open a Rowanmoor SIPP, however £2,000 in cash or other easily realisable assets must be retained in the SIPP for fees and liabilities that may arise.

The mandated SIPP bank account is held with Metro Bank and currently pays an interest rate of 0.20% per annum.