Last updated4th April 2013

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Charges

Initial/Set up fee£300
Annual fee£250 for 'Managed' version

£480 for 'Standard' version

Managed Fee Basis is a special discounted rate only available when the investments are limited to holding a single bond arrangement and the operating bank account

Standard Fee Basis is applicable for all other investment structures and the operating bank account. When a member requests to be a ‘co-Trustee’ this is the fee basis to be applied though note this function is restricted to the member being a counter signatory on investment placement and not the operating bank account.
Transfer in feeNone
Transfer out feeNone
In-specie transfer in feeNone, other than commercial property which is charged at £1,000
Income DrawdownInitial: £100

Ongoing: £150
Additional Income Drawdown feesFlexible Drawdown, £500 per arrangement
Annuity purchase feeNone
Payment of death benefits feeNone
Other feesLoans from the scheme, £300 per arrangement

Loans annual fee, £250

Holdings in Unregulated Collective Investment Schemes (UCIS), £300 per annum

Purchase of direct shares not in a nominee account, £200

Sale of direct shares not in a nominee account, £100

Unlisted share purchase, £600

Unlisted share sale, £300

Insufficient liquidity to settle fees after 60 days, £300 plus £100 per month thereafter

Management

Access: Direct or via IFAVia IFA only

Online capability

DetailsIn development - expected Q4 2013

Permitted Investments

Commercial property
Overseas property
Unit trusts & OEICS All platforms allowed
External deposit accounts All platforms allowed
Overseas listed stock and shares All platforms allowed
UK listed stocks and shares All platforms allowed
AIM shares All platforms allowed
Gilts/corporate bonds All platforms allowed
ETFs All platforms allowed
Investment trusts All platforms allowed
Discretionary management All platforms allowed
National Savings & Investments
Unlisted shares Case by case
Structured products
Trustee Investment Plans
Insurance company funds
Hedge funds
Traded endowment plans
Intellectual property Would be considered on a case by case basis - none currently held
Brands / Trademarks Never been requested but would be considered on a case by case basis
Goodwill Never been requested but would be considered on a case by case basis
Third party loans Case by case basis

Property purchase

Purchase fee£1,000
Sale fee£500
Annual property administration fee£250
VAT registration feeNot offered
VAT return feesNot offered
Other feesBorrowing fee, £500

Lease fee, £150

SIPP Bank Account

SIPP bank account providerBrown Shipley
Current interest rate1% below Bank of England base rate, subject to a minimum of 0%

Structure

Scheme trusteesBrooklands Trustees Limited
Scheme administratorBrooklands Trustees Limited

Minimum contributions

Regular paymentsNo minimum
Transfers/Single Premiums£25,000, reviewable if regular contributions to be made
Min additionalNo minimum

Company Information

OwnershipPrivately owned
Year established2006
Funds under managementApprox £500m
Number of SIPPs administered3,852
Defaqto ratingN/A

Transfers

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

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Brooklands SIPP

Brooklands Trustees was founded in 2006 and is regulated by the Financial Services Authority (FSA).

Brooklands UK products are the Brookland SIPP, the Brookland SSAS and the Brookland Group SIPP. The UK products provided by Brookland are held in Brown Shipley Private Bank accounts in London.

They have offices in a number of locations. They include offices in London, the UAE, New Zealand, Malta, IOM and Guernsey.

The trustees administer 3,852 SIPPs (Self Invested Personal Pensions) and have funds under management at approximately £500m. The Brooklands SIPP is available to IFAs (Independent Financial Advisers) and professionals only.

The Brookland SIPP can be invested in a range of investments including commercial property, external deposit accounts, gilts/corporate bonds, investment trusts, discretionary management, National Savings & Investments and unlisted shares.