Last updated10 April 2017

Reviews

Read reviews for the Rowanmoor Family Pension Trust (Family SIPP)

Charges

Charges are subject to VAT although shown excluding VAT
Initial/Set up fee£325 per member aged 18 or over, £200 per member aged under 18
Annual feeTrustee fee, £300

Administration fee, £800 plus £150 per member

No annual member fee is charged for members under the age of 18
Transfer in feeNone
Transfer out fee£325 per member, cash only transfers

£650 per member, in-specie transfers

Reporting to The Pensions Regulator, £180

Winding up and cessation of services, £650
In-specie transfer in feeNone
Taking BenefitsPAYE Set up, £130

Payment of PCLS, £105 per event

Ongoing fee, £150 per annum

Adjustment of payment, £125 per adjustment

Ad hoc payment, £250 per payment

UFPLS, £385 per payment
Additional Income Drawdown feesNone
Annuity purchase feeNone
Payment of death benefits feeNone
Other feesUnquoted share transactions:

Purchase, £525 per transaction

Sale, £260 per transaction

Third party loans

Loan establishment to an unconnected third party, £450 per loan granted

Loan monitoring, £200 per annum

Other fees

NB - this option is currently suspended:
Transfer of asset in lieu of cash contribution, £750 per arrangement plus £80 per asset re-registration

Tax reclamation, £140 per recovery

Self-assessment submission, where required, £170 per submission

Complex investments, £525 per purchase or sale

Specialist actuarial calculations, £215 per calculation or time costed

Inclusion of new members, £350 per member, reduced to £200 for members under the age of 18

New trustee documentation, £200 per deed

Family Pension Trust documentation, £250 to £750

Trustee meetings, time costed

Management

Access: Direct or via IFAVia IFA only

Online capability

The Rowanmoor Family Pension Trust is a Family SIPP and does not presently offer any online interactive facilities at present
Details

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 managementUnrestricted access
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 £750 per purchase
Sale fee£375 per property
Annual property administration fee£275 per property
VAT registration feen/a
VAT return feesn/a
Other feesProperty development, 1% of development costs, to a maximum of £2,500

Leases (other than at acquisition stage), £275

Borrowing, £350 - £550 depending on the lender

SIPP Bank Account

SIPP bank account providerMetro Bank
Current interest rate0.20%

Structure

Scheme trusteesRowanmoor Trustees Ltd
Scheme administratorRowanmoor Personal Pensions Ltd

Minimum contributions

No minimum
Regular paymentsNo minimum
Transfers/Single PremiumsNo minimum
Min additionalNo minimum

Company Information

OwnershipPrivately owned
Year established2006
Funds under management£3,950m
Number of SIPPs administered800 schemes, 2,300 members
Defaqto ratingNot rated

Transfers

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

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

Rowanmoor Family Pension Trust

Rowanmoor is a trading name of the Embark Group, providing Self-Invested Personal Pensions (SIPPs), Small Self-Administered Schemes (SSASs) and Family Pension Trusts (Family SIPPs).

The Rowanmoor Family Pension Trust (Family SIPP) is a cross between a Small Self-Administered Schemes (SSAS) and a Self-Invested Personal pension (SIPP.)  Each member retains control of his or her investments under the scheme and members may join together to pool some, or all of their pension fund within one or more common investment funds, to access new investment opportunities.

Rowanmoor Personal Pensions Limited administers around 800 Family SIPPs with 2,300 members. The Rowanmoor Family Pension Trust allows investment into an extremely wide range of assets.

The mandated Family SIPP bank account is held with Metro Bank and currently pays an interest rate of 0.20% per annum.