Last updated20th September 2018

Charges

Charges are subject to VAT although shown excluding VAT
Initial/Set up fee£100 Advised

£150 Non-advised
Annual feeSolo SIPP
£224 Advised £274 Non-advised

Solo SIPP + (2 investments/arrangements)
£274 Advised £324 Non-advised

Solo SIPP + (3 investments/arrangements)
£324 Advised £374 Non-advised
Transfer in feeNone
Transfer out fee£250 Full transfer out

£200 partial transfer out
In-specie transfer in feeNone
Taking benefitsCrystallisation £160

Uncrystallised Funds Pension Lump Sum £160 per payment

Regular income payment (annually, quarterly, monthly) £120 pa

Alteration to income £50

Capped Drawdown review £100
Annuity purchase fee£100
Payment of death benefits fee£200
Other feesStandard Investment/Disinvestment Transactions Free

A Standard Asset must be capable of being accurately and fairly valued on an ongoing basis and readily realised within 30 days, whenever required

Pension credit order, £200

Non-standard administration, £100 per hour

Management

Access: Direct or via IFABoth

Online capability

DetailsBoth IFA and member can have read-only access to plan data. IFA can have access to browser based illustration module. Online trading is available where this is supported by external investment service provider.

Permitted Investments

Commercial property
Overseas property
Unit trusts & OEICSall platforms allowed
External deposit accounts where realisable within 30 days
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 fees

SIPP Bank Account

SIPP bank account providerBarclays
Current interest rate0.00%

Structure

Scheme trustees@sipp Pensions Trustees Limited
Scheme administrator@sipp Limited

Minimum contributions

Regular paymentsNone
Transfers/Single PremiumsNone
Min additionalNone

Company Information

OwnershipPrivately owned
Year established2001
Funds under management£598 million
Number of SIPPs administered2,030
Defaqto rating

Transfers

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

Misc

Flexi-Access Drawdown/UFPLS offeredYes
Scheme Pension offeredYes
Notes

Need advice on your SIPP?

Contact our team of SIPP specialists today:

0115 933 8433

info@investmentsense.co.uk

Online enquiry form

@sipp Solo SIPP & Solo SIPP +

@sipp is a private owned company with offices in London, Manchester, Leeds, Birmingham and Edinburgh. Founded in 2001 @sipp have funds under management totalling approximately £598 million and administer around 2,030 SIPPs (Self Invested Personal Pensions).

@sipp offer three SIPPs, the @sipp Solo SIPP / Solo SIPP+, the @sipp Collective SIPP and the @sipp Full SIPP.

The @sipp Solo SIPP, which is available for investors directly, or via an IFA (Independent Financial Adviser) and permits investment into a single investment. The @sippo Solo SIPP + permits for either 2 or 3 investments. It does not allow commercial property purchase, however it does allow a wider range of investments than a Personal Pension Plan. There are no minimum contribution levels.

The mandated SIPP bank account is held with Barclays Bank, and whilst this account currently pays no interest investors can open alternative deposit accounts within the SIPP.