Last updated12 June 2019

Charges

Charges are subject to VAT although shown excluding VAT
Initial/Set up fee£200 - Full SIPP
£0 - Single Investment SIPP
Annual fee£460 - Full SIPP
£195 - Single Investment SIPP
Transfer in fee£0
Transfer out fee£150 per transfer

£250 per in specie 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
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, £125 per annum
Other feesOther investment charges

Setting up a fixed term deposit £50 per account

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

DetailsClients can use the fund managers / platforms online functionality to obtain values.

Permitted Investments

Commercial property Full SIPP only
Overseas property
Unit trusts & OEICSAll platforms allowed
External deposit accountsUnrestricted access to all 'sippable' deposit accounts (Full SIPP only)
Overseas listed stock and sharesAll stockbrokers allowed - subject to our permitted investment list
UK listed stocks and sharesAll stockbrokers allowed - subject to our permitted investment list
AIM sharesAll stockbrokers allowed - subject to our permitted investment list
Gilts/corporate bondsAll stockbrokers allowed - subject to our permitted investment list
ETFsAll stockbrokers allowed - subject to our permitted investment list
Investment trustsAll stockbrokers allowed
Discretionary managementUnrestricted access
National Savings & Investments - Full SIPP only
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£220 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

OwnershipD A Phillips
Year established1987
Funds under management£2.28 billion
Number of SIPPs administeredapprox. 6,256
Defaqto RatingFive Stars

Transfers

Accepts benefits from defined benefit / final salary schemes?
Yes - only if IFA advised (IFA must have given a positive recommendation to transfer)

Misc

Flexi-Access Drawdown/UFPLS offeredYes
Scheme Pension offeredYes - scheme pension available that clients can transfer into if in an existing scheme pension
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 Full & Single Investment SIPP

DP Pensions are 100% owned by David Phillips.

The business was established in 1987, and administers over 6,256 SIPPs.

The Premier Trust SIPP has a Five Star Rating from both Defaqto and Moneyfacts for 2017.

Premier Trust Full SIPP is the full SIPP that allows you to hold multiple investments in your SIPP, including standard investments and commercial property.

Premier Trust Single Investment SIPP is a SIPP that allows you to invest your SIPP fund with one of over 40 investment managers.

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.