Last updated11th July 2013


Read reviews for the CM SIPP


Charges shown below are inclusive of VAT
Initial/Set up fee£420
Annual fee£420
Transfer in feeNone if cash transfer
Transfer out feeNone if cash transfer
In-specie transfer in feeCharged at time cost - Please see schedule of fees (same for in-specie transfer out unless property which is £720 & Borrowing which is £240)
Income DrawdownInitial: £240

Ongoing: £180 for payment of pension and PAYE per annum
Additional Income Drawdown feesReview of income limits, £180

Payment of total fund as Flexible Drawdown, £180
Annuity purchase fee£120
Payment of death benefits feeCharged at time cost , see schedule of fees
Other feesPurchase of unregulated investments, £180

Sale of unregulated investments, £180

Telegraphic transfer of funds, £36

Establishing additional bank account, £60

Purchase of unquoted shares, £480

Sale of unquoted shares, £480

Unquoted shares annual charge, £240

Third party loans (secured only), £480

Third party loan annual charge, £240

Payment of total fund as Flexible Drawdown, £180


Access: Direct or via IFABoth

Online capability

DetailsNone at the moment

Permitted Investments

Commercial property
Overseas property Subject to due diligence
Unit trusts & OEICS Any platform can be used
External deposit accounts Unrestricted access to all "sippable" deposit accounts
Overseas listed stock and shares Any platform can be used
UK listed stocks and shares Any platform can be used
AIM shares Any platform can be used
Gilts/corporate bonds Any platform can be used
ETFs Any platform can be used
Investment trusts Any platform can be used
Discretionary management Unrestricted
National Savings & Investments
Unlisted shares Only allow up to 30% of the SIPP fund to be invested
Structured products
Trustee Investment Plans
Insurance company funds
Hedge funds
Traded endowment plans
Intellectual property
Brands / Trademarks
Third party loans Secured basis only

Property purchase

Purchase fee£720, with up to two purchasers. Each additional purchaser £120
Sale fee£360 per property with up to two owners. Each additional owner £60
Annual property administration fee£240
VAT registration fee£120
VAT return fees£240 per annum
Other feesIn-specie transfer in of property, £240

In-specie transfer in of loan, £240

Scheme borrowing, £240 (per loan)

Arranging Environmental report, £294

Property developments/extensions/refurbishments, 0.6% of the cost

Lease (new or renewal), £240

SIPP Bank Account

SIPP bank account providerRoyal Bank of Scotland
Current interest rate0.80%


Scheme trusteesCambridge May Trustees Limited
Scheme administratorCambridge May Limited

Minimum contributions

Regular paymentsNo minimum
Transfers/Single PremiumsTransfers £50,000 - no minimum on Single Premiums
Min additionalNo minimum

Company Information

OwnershipPrivately Owned
Year established2012
Funds under managementNot available
Number of SIPPs administered16
Defaqto rating5 star


Accepts benefits from defined benefit / final salary schemes?Yes, Subject to receipt of suitable reason why letter from the members IFA


Flexible Drawdown offeredYes
Scheme Pension offeredN/A

Need advice on your SIPP?

Contact our team of SIPP specialists today:

0115 933 8433

Online enquiry form


The CM SIPP allows a wide range of investments, subject to HMRC rules and their own due diligence process, including commercial property, platforms, investment trusts, and external deposit accounts to name but a few.

The CM SIPP is available for investors to open directly or via an Independent Financial Adviser (IFA) and has no minimum regular contribution level, although they would normally expect a SIPP to be opened with no less than £50,000.

Members of the CM SIPP are also required to be appointed as a trustee, which means they will also be required to sign investment/bank instructions. The SIPP bank account provider for the CM SIPP is the Royal Bank of Scotland, which currently pays a rate of interest of 0.8% on all deposits.