Last updated14th April 2016

Reviews

Read reviews for the Redswan Pensions SIPP

Charges

Charges are subject to VAT although shown excluding VAT
Initial/Set up feenil
Annual fee£395 in advance
Transfer in feenil - first two transfers, £95 thereafter



Transfer out feein cash £295

to overseas pension scheme, time costed

in-specie transfer out, £295
In-specie transfer in feeIn -specie from inv mgr or fund supermarket where assets held in nominee account, £95

in specie property, £550

in specie borrowing £300

in specie trustee investment plan £295

where investments held directly with fund provider/registrar £95, plus £50 per asset

where deeds of assignment are needed £295
Taking Benefitstaking PCLS, £150 per event

UFPLS, £150 per event

establishment of PAYE, £95

annually billed fee for operation of PAYE
monthly pension, £145
quarterly pension, £115
biannual pension, £85
annual pension, £55

Capped drawdown review, £125

non-standard benefits calculations, time costed
Annuity purchase fee£175
Payment of death benefits feetime costed
Other feesSIPP closure fees:

in first year of opening, £295
in second year, £145
thereafter, nil
migrating to Cygnet plan, nil

Investment related fees:

regulated collectives (OEICs, unit & investment trusts) quoted/regulated portfolios, nil

trustee investment plans, National Savings, regulated structured products, deposit accounts, nil

Upto 5 directly held gilts or quoted equities, nil, £95 for each holding thereafter

2nd hand endowments, derivatives, £295

Investment grade gold bullion, £500 in advance, time costed on completion

secured 3rd party loans, £495 initial appraisal fee, annual fee £145
rollovers/further advances £245

unquoted equities (existing holdings only) annual fee £245
initial appraisal fee time costed
sale, time costed

Intellectual Property, time costed initial appraisal fee, £175 annual fee, sale, time costed

Management

Access: Direct or via IFABoth

Online capability

DetailsAccount balances with Bath Building Society can be seen online

Permitted Investments

Commercial property
Overseas property
Unit trusts & OEICS
External deposit accounts
Overseas listed stock and shares
UK listed stocks and shares
AIM shares
Gilts/corporate bonds
ETFs
Investment trusts
Discretionary management
National Savings & Investments
Unlisted shares
Structured products
Trustee Investment Plans
Insurance company funds
Hedge funds
Traded endowment plans
Intellectual property
Brands / Trademarks
Goodwill
Third party loans

Property purchase

Purchase fee£550 for sole purchaser, £150 for each additional Redswan SIPP purchaser

for joint purchases with a non-Redswan SIPP, time costed

for more than a single tenant ( per tenant, per annum) £100
Sale fee£400 with sole vendor, £75 for each additional vendor

for joint sale with non-Redswan SIPP, time costed
Annual property administration fee£250 per property, per annum with a sole owner, £100 in addition for each extra owner
VAT registration fee£100
VAT return fees£200 pa
Other feestenant entering liquidation or receivership, £400

overseas property initial appraisal, £1,000, time costed on completion

site visits, UK time costed, overseas, negotiable

property build/development etc, time costed

lender foreclosing on mortgage, time costed

SIPP Bank Account

SIPP bank account providerBath Building Society
Current interest rate0.5%

Structure

Scheme trusteesRedswan Pensioneers Limited & Redswan Trustees Limited
Scheme administratorRedswan Limited

Minimum contributions

Regular paymentsnone
Transfers/Single Premiumsnone
Min additionalnone

Company Information

OwnershipPrivately Owned
Year established2004
Funds under managementnot disclosed
Number of SIPPs administerednot disclosed
Defaqto ratingnot available

Transfers

Accepts benefits from defined benefit / final salary schemes?Yes

Misc

Flexi-Access 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

Redswan SIPP

Redswan is a specialist pension provider of both Self Invested Personal Pensions (SIPPs) and Small Self Administered Schemes (SSAS).

Redswan SIPP is privately owned, was established in 2004.

The SIPP allows a wide range of investments, including commercial property, platforms, investment trusts, and external deposit accounts.

The Redswan SIPP is available for investors to open directly or via an Independent Financial Adviser (IFA) and has no minimum contribution.

The SIPP bank account provider for the Redswan SIPP is the Bath Building Society, which currently pays a tiered rate of interest dependent upon the balance in the account.