Last updated14th April 2016

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Charges

Charges are subject to VAT although shown excluding VAT
Initial/Set up fee£150
Annual fee£495

plus £150 for funds in drawdown
Transfer in feeNone
Transfer out fee£250 to UK Scheme, £500 to QROPS
In-specie transfer in feeNone
Taking benefitsInitial:

None

Ongoing:

None
Annuity purchase fee£250
Payment of death benefits fee£250
Other feesAsset due diligence £300 per asset

Adhoc asset valuations, time cost from £150

Pension sharing order, time cost from £300

Death benefits, time cost from £150 before fund closure

Unquoted share annual review, £250

Management

Access: Direct or via IFABoth

Online capability

DetailsMembers are able to obtain a current valuation of their SIPP, view transactions, contribution and transfer history and have access to their annual benefit statement and all correspondence sent by MYSIPP.

Members are able to contact MYSIPP via the website and can download forms and documents from the literature section.

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 managementAll stockbrokers allowed
National Savings & InvestmentsAll stockbrokers allowed
Unlisted shares
Structured products
Trustee Investment Plans
Insurance company funds
Hedge funds
Traded endowment plans
Intellectual property
Brands / Trademarks
Goodwill
Third party loads

Property purchase

Purchase feeProperty specific
Sale feeProperty specific
Annual property administration feeProperty specific
VAT registration feeProperty specific
VAT return feesProperty specific
Other feesProperty specific

All fees relating to a property are billed by the property company PHG

SIPP Bank Account

SIPP bank account providerRoyal Bank of Scotland
Current interest rate0.1% below Bank of England base rate to 29 February 2016, then 0.0% from 1 March 2016.

Structure

Scheme trusteesMYSIPP Trustees Ltd
Scheme administratorAttivo Financial Services Ltd

Minimum contributions

Regular paymentsNo minimum
Transfers/Single PremiumsNo minimum
Min additionalNo minimum

Company Information

OwnershipAttivo Group Ltd
Year established2006
Funds under management£69,494,072 (May 2014)
Number of SIPPs administered475 (May 2014)
Defaqto RatingNot available

Transfers

Accepts DB transfers?Yes

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

MYSIPP Full SIPP

MYSIPP is owned by the Attivo Group and was established in 2006.

Located in Cheltenham, mysipp has around 900 SIPPs with funds under management of approximately £125 million.

MYSIPP is available both direct and via IFAs (Independent Financial Advisers) and has a wide range of allowable investments including commercial property, shares, both listed and unlisted, discretionary fund managers, investment trusts and deposit accounts.

There are no minimum levels of contribution required to access MYSIPP and the mandated SIPP bank account is held with Royal Bank of Scotland.