Last updated19th September 2016
029 2055 7000

Premier Pension Services, Fitzalan House, Fitzalan Court, Fitzalan Road, Cardiff CF24 0EL

www.premierpensionservices.co.uk

Reviews

Read reviews for the JLT (Jardine Lloyd Thompson) Premier SIPP

Links

Visit JLT's website
Guest blogs & newsJLT gives SSAS investors a new option (17th December 2012)

Charges

Charges are subject to VAT although shown excluding VAT
Initial/Set up fee£150
Annual fee£430 if the SIPP holds standard investments only

£550 if the SIPP holds one or more non-standard investments
Transfer in feeCash transfers in: nil if received within 2 months of the SIPP commencement date, £50 thereafter
Transfer out fee£150, for full transfer in cash

£75 per in specie investment transfer, in addition to £150 fee

£250, per in specie property transfer, in addition to £150 fee

£400, per transfer to QROPS

£200, per transfer for preparation of Deed of Assignment

£150, per partial transfer out of scheme
In-specie transfer in fee£75 per asset in addition to any cash transfer fee

£400 per property in addition to cash transfer fee
Taking BenefitsEstablishing drawdown including payment of PCLS, per event: £100

Annual drawdown fee if income taken: £150, if nil income £75

Annual drawdown facility fee if more than one arrangement (per additional arrangement): £50

Additional ad hoc pension payments (if payments required in addition to any regular income): £75

Adjustment to level of regular payments or the frequency of payment per event: £75

Payment of UFPLS per event: £150

Compulsory reviews (capped drawdown) - in addition to annual drawdown administration fee: £75

Switch from Capped Drawdown to Flexi Access Drawdown: £75

In sufficient liquidity charge: £50

Closure of the SIPP if whole fund paid out: £250
Annuity purchase fee£150
Payment of death benefits feetime cost, minimum £500
Other feesSetting up of bank accounts in addition to the designated bank account, £55

Setting up standard investments (e.g. unit trusts, OEICS, Discretionary Managed Portfolios etc): £75

In specie contribution of quoted shares: £350
Ad hoc top up payments to existing investments: £25

Unquoted share purchase (including independent valuation): £1,350

Gold Bullion: £250

Third Party Loan: £650

Annual loan administration: £110

Ad hoc valuation: £100

Late fee payment charge: £80

Divorce/Pension Sharing Order: time cost, minimum £500

Management

Access: Direct or via IFABoth

Online capability

DetailsJLT PP offers online viewing access for all members and their Financial Advisers

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 trusts All 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
Peer to Peer lending
Third party loansOn a case by case basis, subject to a maximum of 50% of the fund, on both a secured or unsecured basis

Property purchase

Purchase fee£500 per property if Premier's preferred solicitor is used

£800 per property if own solicitor is used
Sale fee£250 per property if Premier's preferred solicitor is used

£350 per property is own solicitor is used
Annual property administration fee£300 per property per SIPP for the first property

£150 per property per SIPP for subsequent properties
VAT registration feeincluding Option to Tax: £300

Additional option to tax under existing VAT Registration: £250
VAT return fees£250
Other feesIn-specie property contribution:

£600 per property if Premier's preferred solicitor is used

£850 per property if own solicitor is used

In specie property transfer:

£400 per property

Borrowing arrangement: £350

Lease reviews: £125

Rent reviews: £75

Aborted property purchase or sale: £300

Rent arrears penalty charge (if SIPP member is tenant): £75 per quarter

Development of an existing property (time cost - minimum fee applied) : £300

SIPP Bank Account

SIPP bank account providerBank of Scotland
Current interest rate0.025%

Structure

Scheme trusteesPersonal Pension Trustees Limited
Scheme administratot
JLT Premier Pensions

Minimum contributions

Regular paymentsNo minimum
Transfers/Single PremiumsNo minimum
Min additionalNo minimum

Company Information

OwnershipJardine Lloyd Thompson
Year established2001
Funds under management£763,202,686
Number of SIPPs administered2,218
Defaqto ratingNot available

Transfers

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

Misc

Flexi-Access Drawdown offeredYes
Uncrystallised Funds Pension Lump SumYes
Scheme PensionNo
Notes

Need advice on your SIPP?

Contact our team of SIPP specialists today:

0115 933 8433

info@investmentsense.co.uk

Online enquiry form

JLT (Jardine Lloyd Thompson) Premier SIPP

JLT Premier Pensions was established 2001 and are based in Cardiff, Wales.

JLT Premier Pensions offer both Self Invested Personal Pensions (SIPPs) and Small Self Administered Schemes (SSAS). Currently, they manage in excess of 2,200 SIPPs with over £750 million funds under management.

The JLT Premier SIPP Full Investment allows access to a wide range of investments including commercial property, external deposit accounts, shares, gilts, corporate bonds, discretionary fund managers and structured products. The JLT Premier Single SIPP is a lower cost SIPP option where members are investing in a single standard investment.

There are no minimum contribution levels for the JLT Premier SIPPs.

JLT Premier SIPP bank account provider is the Bank of Scotland who has a interest rate of 0.025%. Although, the SIPP does allow members to access other, more competitive accounts, if they plan to hold Cash for any length of time.