Last updated20th September 2018

Charges

Charges are subject to VAT although shown excluding VAT
Initial/Set up feeAdvised : £250

Non-advised: £500
Annual fee£620
Transfer in feeNone
Transfer out fee£400 full transfer out

£200 partial transfer out
In-specie transfer in feeNone
Taking BenefitsCrystallisation: £160 per event

Uncrystallised Funds Pension Lump Sum: £160 per payment

Regular income payment (annually, quarterly or 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: £0

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

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
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 sharesOn a case by case basis
Structured products
Trustee Investment Plans
Insurance company pension funds
Peer to Peer lending
Third Party Loans
Hedge funds
Traded endowment plans

Property purchase

Purchase fee£570 per property
Sale fee£350 per property
Annual property administration fee£549 per property
VAT registration fee£120
VAT return fees£150 per year
Other feesSIPP Borrowing (Institutional), £150

SIPP Borrowing (non institutional), £300

Syndicate / Joint Ownership Set up: 2 to 3 members £240, 4 plus members £500

Syndicate / Joint Ownership (Annual): 2 to 3 members £65, 4 plus members £125

Lease changes or additional (not part of a purchase), £200

Approval of plans / alterations, time cost (minimum £150)

Aborted property purchase, time cost (minimum £260)

Insurance fee (if not part of a block policy), £100 per year

Rent review if not carried out by property manager, £200

Missed rent payment (connected party), £50 each

Loans to 3rd Parties, set up £300, annual £150

Non-Standard Asset Purchase £400 each

Non-Standard Asset Thereafter £500 per annum (payable on 1st September each year)

Time cost (non-standard administration) £100 per hour

Pension Credit Order £200

SIPP Bank Account

bank account providerBarclays Bank
Current interest rate0%

Structure

Scheme trustees@sipp Pension 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

Transfers

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

Misc

Flexi-Access Drawdown/UFPLS OfferedYes
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 Full SIPP

@sipp Full SIPP offers access to a wide range of investments and allows investors to buy commercial property, something not available on the @sipp Collective SIPP nor the @sipp Solo SIPP / Solo SIPP +.

The @sipp Full SIPP is available for investors to access direct or via their Independent Financial Adviser (IFA) and 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.