Last updated14th April 2016

Reviews

Read reviews for the Pointon York e-SIPP

Charges

Charges are subject to VAT although shown excluding VAT
Initial/Set up feeNone
Annual fee£150
Transfer in feeNone, £75 fee if transfer in is in capped drawdown
Transfer out fee£100
In-specie transfer in feeNot allowable
Taking Benefits Flexi-Access Drawdown:

Establishing Flex-Access Drawdown nil

Payment of regular pension £195 per annum

Final payment and SIPP closure fee £250

Capped Drawdown:

Payment of regular pension £195 per annum

Review of Capped Drawdown £165

Uncrystallised funds pension lump sum:

Establishing UFPLS nil for the first event and £225 for more than one event each year

Final payment and SIPP closure fee £250

Annuity purchase fee£175
Payment of death benefits feeFrom £300
Other feesSingle contributions, £30

Set-up of regular contributions, £30

Management

Access: Direct or via IFAVia IFA only

Online capability

DetailsOnline SIPP and investment application, SIPP valuation, bespoke illustrations and ewsletters via secure portal

Permitted Investments

Commercial property
Unit trusts & OEICSVia Praemium, True Potential and Collins Stewart
External deposit accountsIf allowable by Praemium, True Potential and Collins Stewart
Overseas listed stock and sharesVia Praemium, True Potential and Collins Stewart
UK listed stocks and sharesVia Praemium, True Potential and Collins Stewart
AIM sharesVia Praemium, True Potential and Collins Stewart
Gilts/corporate bonds
ETFsVia Praemium, True Potential and Collins Stewart
Investment trusts
Via Praemium, True Potential and Collins Stewart
Discretionary managementUnrestricted access
National Savings & Investments
Unlisted shares
Structured productsVia Praemium, True Potential and Collins Stewart
Trustee Investment PlansVia Praemium, True Potential and Collins Stewart
Insurance company fundsVia Praemium, True Potential and Collins Stewart
Hedge fundsVia Praemium, True Potential and Collins Stewart
Traded endowment plans

Property purchase

Purchase feeN/A
Sale feeN/A
Annual property administration feeN/A
VAT registration feeN/A
VAT return feesN/A
Other feesN/A

SIPP Bank Account

SIPP bank account providerCambridge & Counties Bank
Current interest rate£0 - £49,999 - 0.00%

£50,000+ - 0.25%

Structure

Scheme trusteesCrescent Trustees Limited
Scheme administratorPointon York SIPP Solutions, a division of Curtis Banks Limited

Minimum contributions

Regular payments£50 per month
Transfers/Single PremiumsMinimum transfer / contribution to start the scheme is £5,000 if using the Praemium platform. No minimum if not using the Praemium platform.

SIPP must be initially funded with a minimum value of £25,000
Min additional£1,000 minimum additional single contribution

Company Information

OwnershipIndependently owned
Year established2006
Funds under management£9 billion
Number of SIPPs administered21,000

Transfers

Accepts benefits from defined benefit / final salary schemes?No

Misc

Flexible Drawdown offeredYes
Notes

Need advice on your SIPP?

Contact our team of SIPP specialists today:

0115 933 8433

info@investmentsense.co.uk

Online enquiry form

Pointon York e-SIPP

Pointon York was founded in 1971 and they were one of the larger SIPP providers in the UK before they acquired by Curtis Banks Ltd in October 2014.

Curtis Banks administer in excess of  21,000 SIPPs and have over £9 billion of funds under administration.

The Pointon York e-SIPP is only available via Independent Financial Advisers (IFAs).

A minimum contribution of £50 per month or a lump sum or transfer in of £25,000 is needed to open the Pointon York e-SIPP

The e-SIPP allows access to a wide range of investments via Pointon York’s chosen platforms. Although the e-SIPP is predominantly designed for online trading with some investments not allowed, for example commercial propert