Last updated20 May 2019

Charges

Charges are not subject to VAT
Initial/Set up fee£407
Annual fee0.25% per year, subject to a minimum charge of £41 per month
Transfer in fee£90 per provider
Transfer out feeNone
In-specie transfer in fee£90 per provider
Taking benefitsAnnual administration of capped drawdown: £215 pa

Reviews of max income for capped drawdown: £175 per review

Establishment of Flexi-Access Drawdown pension: £0

Annual administration of Flexi-Access Drawdown: £0
Annuity purchase feeNone
Payment of death benefits feeNone
Alteration to income feeNone
Other feesSubsequent single contributions and increase to regular contributions, £59

In-specie single contributions, £160 per asset

Investment administration charges

Listed discretionary fund manager, £250 per year

Paperless transaction charge, free

Other transactions, £41 per transaction

Wrap platform, free

Model Portfolio Service Discretionary Investment Management fee, where Sanlam Financial Services UK has appointed Sanlam International Investments:

Active Models, 0.42% per annum

Management

Access: Direct or via IFABoth

Online capability

DetailsQUICK SIPP illustrations (including drawdown) and transaction histories are available online

Permitted Investments

Commercial property
Overseas property
Unit trusts & OEICSVia a limited range of platforms allowed
External deposit accountsunrestricted access to all 'Sippable' deposit accounts - term must not exceed 30 days
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 trusts All stockbrokers allowed
Discretionary managementUnrestricted access
National Savings & Investmentssubject to asset vetting check
Unlisted sharesconsidered on a case by case basis
Structured productswithin limits
Trustee Investment Plans
Insurance company pension funds
Hedge fundson a case by case basis
Traded endowment planson a case by case basis
Intellectual property
Brands / Trademarks
Goodwill
Third party loanson a case by case basis

Property purchase

Purchase fee£680 per property

Completion of property purchase, £255
Sale fee£680 per property
Annual property administration fee£676 per annum without a managing agent

£348 per annum with a managing agent
VAT registration fee£172
VAT return fees£172 per annum per property
Lease renewal / new lease fee£172 per lease
Other feesLoan arrangement fee, £205 per loan

Repayment of loan, £179 per loan

Shared ownership charge, £255 initial transaction plus £155 each subsequent event

Insurance administration, £179 per annum

Multiple member property purchase, £121 per member

In specie property contribution, £222 per contribution

Leasehold property charge, £172 per annum

Vacant property charge, £172 per annum

Rent arrears letter, £30 per letter

Overdrawn account, £30 per letter

VAT payment administration charge, 0.80% of property purchase price

Penalty for rent arrears action £178

SIPP Bank Account

SIPP bank account providerBarclays Bank
Current interest rate0.10%

Structure

Scheme trusteesSanlam Trustee Services UK Limited
Scheme administratorSanlam Financial Services UK Limited

Minimum contributions

Regular payments£100 or £1,000 pa (plus a min single/lump sum)
Transfers/Single Premiums£1,000 - Pinnacle range

£25,000 - Customised option (self-investment)
Min additional£1,000

Company Information

OwnershipSanlam Investment and Pensions is the trading name of Sanlam Life and Pensions Limited, a wholly owned subsidary of Sanlam UK Limited. Sanlam UK Limited is wholly owned by Sanlam Limited, a South African financial services group based in Cape Town and listed on the South African stock exchange (JSE).
Year establishedSanlam Limited was established in 1918
Funds under managementSanlam Limited manages funds in excess of £50bn worldwide
Number of SIPPs administeredSanlam Investment & Pensions administers c2,300 SIPPs
Defaqto ratingFive Stars

Transfers

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

Misc

Flexi-Access Drawdown/UFPLS offeredFlexi Access Drawdown : Yes

UFPLS : No
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

Sanlam One SIPP

Sanlam specialise in financial products including investments, pensions, private wealth and fund solutions.

The Sanlam One SIPP was started in 1970.

The SIPP allows investment into a wide range of assets, with no obvious exclusions and is available for investors to use directly or via an Independent Financial Adviser (IFAs).

The minimum contribution levels are £100 per month for regular contributions plus £1,000 for a transfer in or lump sum payment when using the Pinnacle range or £25,000 if using the customised option (self-investment).

The Pinnacle Range of funds contain more than 170 funds from more than 45 investment managers.  Switching between funds in the Pinnacle Range is currently free