Last updated20th September 2016

Reviews

Read reviews for the Avalon Freedom SIPP

Charges

Unless indicated otherwise charges are subject to VAT although shown excluding VAT
Initial/Set up feeTwo charging structures:

Charging Structure 1 (CS1): 1% of transfer amount (VAT is not payable) up to a maximum of £500

Charging Structure 2 (CS2): £450 (VAT is not payable)
Annual feeCS1: 1% of fund value per year

CS2: £500 per year
Transfer in feeNone
Transfer out fee£100
In-specie transfer in feeNone
Taking BenefitsInitial: £150 for both charging structures

Ongoing: £50 per year for both charging structures
Additional feesAdditional Drawdown request, £50

Plan review request, £50
Annuity purchase feeNone
Payment of death benefits feeNone
Other feesLump sum contribution charge, CS1 1% (VAT is not payable), CS2 £50 (VAT is not payable)

Investment transaction fee, first 10 switches free, thereafter £25 per switch

Stockbroker dealing costs, 0.5% of purchase value with a £20 minimum (VAT is not payable)

Establishment of loan facility, £150

Internal product transfer between CS1 and CS2 structures, £200

Management

Access: Direct or via IFAIFA only

Online capability

DetailsAccess to online valuations and transaction details

Permitted Investments

Commercial property
Overseas property
Unit trusts & OEICSAll platforms allowed
External deposit accountsAll stockbrokers allowed
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
Intellectual property
Brands / Trademarks
Goodwill
Third party loansSubject to a maximum of 50% of the fund, on a secured basis
Traded endowment plans

Property purchase

Purchase fee£900 if members own solicitor used, £500 if Avalon's solicitors used
Sale feeNone
Annual property administration fee£500
VAT registration feeNone
VAT return feesNone
Other feesAnnual mortgage administration charge, £100

Rent review, £200 per property every three years

Property valuation, £250 every three years

SIPP Bank Account

SIPP bank account providerHSBC
Current interest rate0.05%

Structure

Scheme trusteesAvalon SIPP Trustees Ltd
Scheme administratorAvalon Investment Services Ltd

Minimum contributions

Regular paymentsNo minimum
Transfers/Single PremiumsNo minimum
Min additionalNo minimum

Company Information

OwnershipPrivately owned
Year established1999
Funds under management£250 million
Number of SIPPs administered300
Defaqto RatingNot rated

Transfers

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

Misc

Flexible Drawdown offeredYes
Scheme Pension offeredNo
Notes

Need advice on your SIPP?

Contact our team of SIPP specialists today:

0115 933 8433

info@investmentsense.co.uk

Online enquiry form

Avalon Freedom SIPP

Avalon was founded in 1999 and currently administers around 300 SIPPs (Self Invested Personal Pensions), with funds under management of approximately £250 million.

The Avalon Freedom SIPP allows investment into a wide range of different assets, including directly held shares, gilts, and corporate bonds, funds, commercial property, and SIPP deposit accounts.

Unusually the Avalon Freedom SIPP offers two different charging structures, one based on a percentage of the amount invested and the other a fixed fee.

The Avalon Freedom SIPP is only available through Independent Financial Advisers (IFAs) and has no minimum contribution level for regular, or lump sum payments, or transfers.

The mandated SIPP bank account is held with HSBC and pays a very low rate of interest, although Cash investors are able to access any other SIPP bank account within the Avalon Freedom SIPP.