Last updated15th December 2016

Reviews

Read reviews for the Carey Pensions UK Restricted SIPP

Charges

Charges are subject to VAT although shown excluding VAT
Initial/Set up fee£250
Annual fee£300
Transfer in feenil from a personal pension

£100 from an occupational pension
Transfer out fee£150 for full or partial cash transfers

£300 for full or partial cash transfers plus in-specie transfer of assets

£500 for transfer to overseas pension scheme
In-specie transfer in fee£100 for the transfer of assets other than cash, excluding property and non-standard investments
Taking BenefitsEstablishment of Flexi-Access Drawdown and payment of PCLS, £250

Monthly income £200 per year
Quarterly income £150 per year
Annual income £125 per year

UFPLS payment, £250

Small pots payment, £125

Closure of scheme following Flexi-Access/UFPLS : one years annual administration fee
Annuity purchase fee£300 partial or cash transfers
Payment of death benefits fee£500
Other feesCHAPs payment, £25

International payment, £30

Faster payment, £5

Divorce - partial transfer, £300

Divorce - full transfer, £500

Additional valuations, £100

Client/trustee meetings, £200 plus travel

Management

Access: Direct or via IFABoth

Online capability

DetailsScheme information, bank accounts, holdings with latest values

Access available to both member and IFA

Permitted Investments

All types of investments are considered with no restrictions other than those not permitted by pension legislation
Commercial property
Overseas 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 trusts
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 feesN/A

SIPP Bank Account

SIPP bank account providerRoyal Bank of Scotland
Current interest rateTBC

Structure

Scheme trusteesCarey Pension Trustees UK Ltd
Scheme administratorCarey Pensions UK LLP

Minimum contributions

Regular paymentsNo minimum
Transfers/Single PremiumsNo minimum
Min additionalNo minimum

Company Information

Ownership70% Carey Group, 30% CEO
Year established2009
Funds under managementCirca £90m
Number of SIPPs administeredCirca 900
Defaqto RatingNot available

Transfers

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

Misc

Flexible Drawdown offeredYes
Scheme Pension offeredYes, but through a separate Trust
Notes

Need advice on your SIPP?

Contact our team of SIPP specialists today:

0115 933 8433

info@investmentsense.co.uk

Online enquiry form

Carey Pensions UK Restricted SIPP

Carey Pensions was established in 2009, is owned by Carey Group and manages over 900 SIPPs (Self Invested Personal Pensions) with funds under management of approximately £90 million.

Carey Pensions offer two SIPPs, namely the Carey Pensions Full SIPP and the Carey Pensions Restricted SIPP.

The Carey Restricted SIPP, allows, as the name suggests, access to a more restrictive range of investments for example it cannot be used to buy unlisted shares or commercial property. For investors looking to make these types of investment the Carey Pensions Full SIPP is available.

The Carey Pensions Full SIPP can be accessed directly or via an IFA and has no minimum contribution levels for regular payments, lump sum payments or transfers in.

Royal Bank of Scotland runs the mandated SIPP account, and pays 0.80% on all balances.