Last updated14th August 2017

Reviews

Read reviews for the DP Pensions Premier Trust SIPP

Charges

Charges are subject to VAT although shown excluding VAT
Initial/Set up fee£200
Annual fee£445
Transfer in fee£0
Transfer out fee£105 per transfer
In-specie transfer in feeEquity investments, £100

Property, £400
Taking Benefits
Calculation of member benefits: nil

Crystallisation of member benefits: £130 per crystallisation

Payment of pension through capped, flexi access drawdown or UFPLS: £125 per year

Review of pension limits under capped drawdown: £100 per review

Switch from capped drawdown to flexi-access drawdown: £50

Closure of SIPP during flexi access drawdown or UFPLS: £200
Additional Income Drawdown fees
Closure of SIPP in Flexible Drawdown, £200
Annuity purchase fee£105
Payment of death benefits feePayment made in cash, £375 per payment

In-specie payment of equities, £375 per payment

In-specie payment of property, £500 per payment

Payment of beneficiary's pension, £120 per annum
Other feesIn-specie contribution

Standard investment: £150

Property: £675

Other investment charges

Conventional investment transactions: £0

Setting up an additional current account: £150 per account set-up

Annual administration of additional current account: £150 per account set-up

Due Dilligence fee: £500

Non-Standard Investment Purchase £1,000

Non-Standard investment annual fee : £100

Non-Standard investment sale fee: £100

Plan valuations: nil

Client meeting: £270

Dealing with pension on divorce: £200

Management

Access: Direct or via IFABoth

Online capability

DetailsNot currently available. However, clients have their own account manager who deals with all aspects of their SIPP and can provide any information needed on request.

Permitted Investments

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 trustsAll stockbrokers allowed
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 fee£675
Sale fee£350
Annual property administration fee£210 per property
VAT registration fee£100
VAT return fees£120 per year
Other feesBorrowing: £300 per loan

Annual borrowing fee: £50

Other property transactions (e.g. change of ownership percentage for joint property etc.): £250

SIPP Bank Account

SIPP bank account providerMetro Bank
Current interest rate£0-£49,999, 0%
£50,000 - £499,999, 0.125%
£500,000 plus, 0.25%

Structure

Scheme trusteesDA Phillips & Co Ltd
Scheme administratorDP Pensions Ltd

Minimum contributions

Regular paymentsNo minimum
Transfers/Single PremiumsNo minimum
Min additionalNo minimum

Company Information

Ownership100% owned by David Phillips
Year established1985
Funds under management£1.63 billion (as at 31 May 2017)
Number of SIPPs administered4784 (as at 31 May 2017)
Defaqto RatingFive Stars

Transfers

Accepts benefits from defined benefit / final salary schemes?
Yes

Misc

Flexi-Access Drawdown/UFPLS offeredYes
Scheme Pension offeredYes
Notes

Need advice on your SIPP?

Contact our team of SIPP specialists today:

0115 933 8433

info@investmentsense.co.uk

Online enquiry form

DP Pensions The Premier Trust SIPP

DP Pensions are 100% owned by David Phillips.

The business was established in 1985, and administers over 4,700 SIPPs.

The Premier Trust SIPP has a Five Star Rating from both Defaqto and Moneyfacts for 2017. The product allows access to a wide range of investments including commercial property in the UK, third party deposit accounts, platforms, discretionary fund managers, structured products, National Savings & Investments as well directly held assets such as stocks, shares, gilts and corporate bonds.

The mandated SIPP bank account is held with Metro Bank and pays a a tiered rate of interest depending on the balance in the account.

The Premier Trust SIPP is available both direct and through Independent Financial Advisers.