Last updated20th September 2018

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Read reviews for the @sipp Collective SIPP

Charges

Charges are subject to VAT although shown excluding VAT
Initial/Set up fee£150, advised
£200, non-advised
Annual fee£390
Transfer in feeNone
Transfer out fee
Full transfer out £400
Partial transfer out £200
In-specie transfer in fee
None
Taking benefits
£160 per crystallisation

£160 per Uncrystallised Fund Pensions Lump Sum payment

£120 pa for regular income payments (annual, quarterly or monthly)

£50 Alteration to income

£100 Capped Drawdown review
Annuity purchase fee
£100
Payment of death benefits fee
£200
Other fees
Standard Investment / Disinvestment Transactions £0

Pension Credit Order £200

Non-standard administration £100 per hour

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

Management

Access: Direct or via IFA
Both

Online capability

Details
Both 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
Unit trusts & OEICS
All platforms allowed
External deposit accounts
Where realisable within 30 days
Overseas listed stock and shares
All stockbrokers allowed
UK listed stocks and shares
All stockbrokers allowed
AIM shares
All stockbrokers allowed
Gilts/corporate bonds
All stockbrokers allowed
ETFs
All stockbrokers allowed
Investment trusts
All stockbrokers allowed
Discretionary management
National Savings & Investments
Unlisted shares
Structured products
Trustee Investment Plans
Insurance company pension funds
Hedge funds
Traded endowment plans

Property purchase

Purchase fee
N/A
Sale fee
N/A
Annual property administration fee
N/A
VAT registration fee
N/A
VAT return fees
N/A
Other fees
N/A

SIPP Bank Account

SIPP bank account provider
Barclays Bank
Current interest rate
0%

Structure

Scheme trustees
@sipp Pension Trustees Ltd
Scheme administrator
@sipp Limited

Minimum contributions

Regular payments
None
Transfers/Single Premiums
None
Min additional
None

Company Information

Ownership
Privately owned
Year established
2001
Funds under management
£598 million
Number of SIPPs administered
2,030

Transfers

Accepts benefits from defined benefit / final salary schemes?

Yes, if IFA advised

Misc

Flexi-Access Drawdown/UFPLS Offered
Yes
Notes
@sipp was established in 2001 to deliver the highest quality of technical expertise and customer service in Self Invested Personal Pension provision. @sipp has grown largely on the quality of service delivered to IFA clients looking to invest in commercial property but has since grown to provide a service across the asset classes. With @sipp being totally independent from life company or fund management influences, this gives the IFA and their client total freedom to choose from the wider market and select assets to meet individual needs. The business initially supported IFAs in the central belt of Scotland but soon spread to cover IFAs across the UK. @sipp is now focussed on following a strategy to build a national provider of real SIPPs as the sector professionalises in response to market and regulatory influences.

Need advice on your SIPP?

Contact our team of SIPP specialists today:

0115 933 8433

info@investmentsense.co.uk

Online enquiry form

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

The @sipp Collective SIPP, which is available for investors directly, or via an IFA (Independent Financial Adviser), is the more restrictive than the @sipp Full SIPP. 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.