Last updated12th March 2013

Reviews

Read reviews for the Pointon York Family Trust

Charges

Charges are subject to VAT although shown excluding VAT
Initial/Set up fee£1,150 plus £110 per member
Annual fee£650 plus £135 per member
Transfer in feeNone
Transfer out feeCash, £255 per member

In-specie, £625 per member

Property in-specie, from £500
In-specie transfer in feeNone
Income DrawdownInitial: £225

Ongoing: £190
Additional Income Drawdown feesMandatory Income Drawdown reviews £165

Calculation of additional Income Drawdown tranches, £180

Income Drawdown calculations, £190

Initial set up of regular pension payments (after Income Drawdown established), £100
Annuity purchase feeNone
Payment of death benefits feeNone
Other feesAnnual trustee fee,£270

Alternative investment transactions, from £150

Purchase unquoted shares, from £500

Sale of unquoted shares, from £500

Share offer of existing unquoted shares, £150

Retirement projections, £190

Actuarial fees apply for target funding, scheme pension, fund split and earmarking

Winding up scheme, £625

Preperation and submission of The Family Trust self assessment tax return if required, £150

Preparation of scheme accounts, £500

Provision of new member to the scheme, £270 per member

New Trustee documentation, £165 per deed

Trustee meetings, time costed from £150

Management

Access: Direct or via IFA
Via IFA only

Online capability

DetailsNo online access

Permitted Investments

Commercial 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 managementUnrestricted access
National Savings & Investments
Unlisted shares
Structured products
Trustee Investment Plans
Insurance company funds
Hedge funds
Traded endowment plans

Property purchase

Purchase feeFrom £1,200
Sale feeFrom £500
Annual property administration fee£300 per property
VAT registration fee£200
VAT return fees£180 per year
Other feesMultiple tenancy annual administration fee, £120 per tenant

Property development, from £800

Environmental search, £300

Third party property management fees apply
Property syndicate agreements (10+ members), £150 per member

Property parnership agreements (2-9 members), £150 per member

Property joint ownership agreements, £1,000

Overseas property / land purchase, from £3,500

In specie contribution of property, from £500

In specie transfer in of property, from £500

Buyout of property share, £150 per hour

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 Limited

Minimum contributions

Regular paymentsNone
Transfers/Single PremiumsNone
Min additionalNone

Company Information

OwnershipIndependently owned
Year established1971
Funds under management£840 million
Number of SIPPs administered

Transfers

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

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 Family Trust

Pointon York has been running SIPPs (Self Invested Personal Pensions) since 1971 and now has total funds under management of more than £800 million.

Pointon York run four different SIPPs, the e-SIPP, the Family Trust, the Individual SIPP and the Single Investment SIPP.

The Pointon York Family Trust is only available through IFAs (Independent Financial Advisers) and is designed for groups of people who wish to aggregate their pension assets, usually to purchase a commercial property, although the SIPP has extensive investment powers.

There are no minimum contribution levels necessary to open the Family Trust with Pointon York.

The mandated SIPP bank account is held with Pensions Bank Ltd and pays 0.01% interest per year.