Last updated11th March 2013
0161 763 7070

Liberty SIPP, The Exchange, Bank Street, Bury, BL9 0DN

www.libertypensions.com

Reviews

Read reviews for the Liberty Full SIPP

Links

Visit Liberty's website
Guest blogs & newsNew low cost SIPP launched by Liberty (18th Oct 2012)

In the Spotlight: Liberty (25th June 2012)
LiteratureApplication Form

Key Features Document

Terms & Conditions

Due Diligence Pack

Flexible Drawdown Application Form

Income (Capped) Drawdown Application Form
Other ways to stay in touch with Liberty

Charges

Charges are subject to VAT although shown excluding VAT
Initial/Set up fee£350
Annual fee£350
Transfer in fee£50 per transfer, if made in cash
Transfer out fee£100

In specie transfer out £100 plus £50 per asset
In-specie transfer in fee£50 per scheme, plus £50 per asset
Income DrawdownInitial: None

Ongoing: None

No charge for mandatory pension reviews

No additional charge for Flexible Drawdown, unless emptied during first five years
Additional Income Drawdown fees£100 SIPP closure fee if pension is emptied under Flexible Drawdown within the first five years
Annuity purchase fee£50
Payment of death benefits fee£100
Other feesFSA regulated collective investment, e.g. unit trust, initial £50, plus £35 per year

Overseas regulated or unregulated collective investment (Ucis) initial £125, plus £35 per year

Nominee account, initial £75, plus £35 per year

Policy assignments, £100 initial fee plus standard annual investment fee of £35

In specie contribution (excluding property), £50 plus investment charge, plus £35 per year per asset

Purchase of unquoted shares, initial £500, annual £250

Sale of unquoted shares, £200

Loan to third parties, initial £375, plus £200 per year

Enforced foreclosure as a result of repayment default, £550

Management

Access: Direct or via IFABoth

Online capability

Details

Permitted Investments

Commercial property
Overseas propertyOn a case by case basis
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 managementAll stockbrokers allowed
National Savings & InvestmentsAll stockbrokers allowed
Unlisted sharesOnly through an IFA
Structured products
Trustee Investment Plans
Insurance company funds
Hedge funds
Traded endowment plans
Intellectual property
Brands / Trademarks
Goodwill
Third party loansSubject to a maximum of 50% of the fund, on both a secured and unsecured basis

Property purchase

Purchase fee£450 per property
Sale fee£250 per property
Annual property administration fee£400
VAT registration fee£100
VAT return fees£120 per year
Lease renewal / new lease feeNone
Other feesBorrowing, initial £250 per SIPP

SIPP Bank Account

SIPP bank account providerRoyal Bank of Scotland
Current interest rate0.75%

Structure

Scheme trusteesLiberty Trustees Ltd
Scheme administratorLiberty SIPP Ltd

Minimum contributions

Regular paymentsNo minimum
Transfers/Single PremiumsNo minimum
Min additionalNo minimum

Company Information

OwnershipPrivately owned
Year established2007
Funds under managementApproximately £150 million
Number of SIPPs administeredApproximately 2,000
Defaqto ratingNot available

Transfers

Accepts DB transfers?Yes, if IFA advised

Misc

Flexible Drawdown OfferedYes
Scheme Pension offeredNo
Notes

Need advice on your SIPP?

SIPP Advice

Contact our team of SIPP specialists today:

0115 933 8433

info@investmentsense.co.uk

Online enquiry form

Liberty Full SIPP

Liberty SIPP was established in 2007 and is a privately owned company offering three different Self Invested Personal Pensions (SIPPs), the Liberty Full SIPP, the Liberty One SIPP and the Liberty ICON SIPP.

In total Liberty administer around 2,000 SIPPs.

The Liberty Full SIPP allows investment in a wide range of assets including commercial property, shares, gilts, corporate bonds, OEICs, SIPP deposit accounts and discretionary managers.

Liberty allows their SIPPs to be opened via IFAs (Independent Financial Advisers) or direct by the client and do not have a minimum contribution level.

The mandated SIPP bank account is held with Royal Bank of Scotland and pays an interest rate of 0.25% above Bank Base Rate, which is highly competitive for this type of account.