Last updated29th September 2017

Charges

Charges are not subject to VAT
Initial/Set up feeNil
Annual fee£175 for core iSIPP (Nil if over £200,000 is invested in qualifying investments)
Transfer in feeNil
Transfer out fee£150

Transfer to an overseas pension scheme, £400
In-specie transfer in fee£50 per transfer up to a maximum of £200 per annum
Taking BenefitsIncome Drawdown set up (per payment of PCLS) £100

Annual income drawdown charge (once benefits are crystallised as flexi-access or capped drawdown - even if nil income taken): £150

Review of income limits on capped drawdown £150

Uncrystallised funds pension lump sum payment £100
Annuity purchase fee£150
Payment of death benefits feeNo fee normally charged for processing death benefits, however in exceptional circumstances a fee may be charged on a time / cost basis
Other feesInvestment related fees:

For each of the property module and whole of market module: £100 per year

Setting up an Investment Manager Account: £100

Setting up a Panel Execution Only Stockbroker account or fixed term deposit with one of the providers on the panel: Nil

Annual Investment Centre platform charge (percentage taken is based on the value of Investment Centre funds):

First £300,000, 0.25%
Next £300,000, 0.20%
Next £400,000, 0.15%
Next £500,000, 0.05%
Over £1,500,000, 0.01%

Investment Centre transactions:

Online, £0

Paper, £20 per instruction

External investments using Whole of Market module:

Online, £20 per investment provider

Paper, £50 per investment provider

Contributions:

Single ad hoc contribution, Nil

Regular contributions (set up by direct debit), £0

Regular contribution direct debit amendment, Nil

Other fees:

Annual paper valuation, £0

Ad hoc paper valuation, £50

Management

Access: Direct or via IFABoth

Online capability

DetailsOur secure online reporting system offers a full audit trail of transactions, asset histories and online communications. The service is available 24 hours a day, 7 days a week to Financial Advisers, Clients and Authorised Third Parties. There are a range of intuitive tools and features available including: performance reporting, asset allocation, daily valuations, transfer summaries, contribution summaries, breakdown of pension input periods, income & PAYE details, secure messaging facility, literature library, technical guides, Selftrade trading terminal, cross client analysis, document store, illustrations, online applications, fund research, trade tracking, cash alerts, IM money movements, adhoc and regular buys, sales and switches, model portfolio setup and re-balancing.

Permitted Investments

Commercial property
Overseas property
Unit trusts & OEICS Via the James Hay Investment Centre
External deposit accounts Subject to restrictions
Overseas listed stock and shares Via the James Hay Investment Centre
UK listed stocks and shares Via the James Hay Investment Centre
AIM shares Via the James Hay Investment Centre
Gilts/corporate bonds Via the James Hay Investment Centre
ETFs Via the James Hay Investment Centre
Investment trusts Via the James Hay Investment Centre
Discretionary management Limited panel of managers
National Savings & Investments
Unlisted shares
Structured products
Trustee Investment Plans
Insurance company funds
Hedge funds
Traded endowment plans
Peer to Peer lending
Intellectual property
Brands / Trademarks
Goodwill
Third party loans

Property purchase

Purchase fee£600, if a panel solicitor it used, £1,100 if a non panel solicitor us used
Sale fee£450, if a panel solicitor it used, £800 if a non panel solicitor us used
Annual property administration fee£525 (first lettable unit/lease in each property) then £450 (each additional lettable unit/lease in each property), if self-managed

£950 (first lettable unit/lease in each property) then £550 (each additional lettable unit/lease in each property), if managed by CBRE
VAT registration fee£120
VAT return fees£100 per year
Other feesPurchase charge per additional member, £100

Annual charge per additional member, £100 per annum

Mortgage arrangement charge, £250

Annual mortgage charge, £150

Annual VAT charge, £100

Purchase / sale cancellation fee, £300

SIPP Bank Account

SIPP bank account providerSantander
Current interest rate0%

Structure

Scheme trusteesJames Hay Pension Trustees Ltd
Scheme administratorJames Hay Administration Company Ltd

Minimum contributions

Regular paymentsNo minimum
Transfers/Single PremiumsNo minimum
Min additionalNo minimum

Company Information

OwnershipWholly owned by IFG Group Plc
Year established1979
Funds under administrationApproximately £23 billion (May 2017)
Number of SIPPs administeredApproximately 56,000 (March 2015)
Defaqto ratingFive stars

Transfers

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

Misc

Flexi-Access Drawdown/UFPLS offeredYes
Scheme Pension offeredNo
Notes

Need advice on your SIPP?

Contact our team of SIPP specialists today:

0115 933 8433

info@investmentsense.co.uk

Online enquiry form

James Hay Modular iSIPP

James Hay was established in 1979 and run two SIPPs (Self Invested Personal Pensions), namely the Modular iSIPP and the Wrap SIPP.

James Hay represents approximately 56,000 customers and holds assets worth £23 billion as at May 2017.

The James Hay Modular iSIPP is available for both direct investors and also via Independent Financial Advisers (IFAs).

There are no minimum contribution levels for regular payments, lump sum investments or transfers in.

The mandated SIPP bank account is held with Santander with an interest rate significantly below the Bank of England Base Rate.