Last updated20th September 2016

Reviews

Read reviews for the Talbot & Muir Elite Retirement Account

Charges

Charges are subject to VAT although shown excluding VAT
Initial/Set up feeNone
Annual fee£250

See notes section below
Transfer in feeNone, when an adviser handles the paperwork

£20 per transfer, where Talbot & Muir completes the transfer requirements, maximum charge of £200
Transfer out feeCash transfer out, £150

In-specie transfer out, £50 per asset transferred, maximum in-specie transfer out fee, £500

In-specie transfer in fee£50 per asset transferred, maximum in-specie transfer in fee, £500
Taking BenefitsFlexi-Access Drawdown:

Establishing 1st tranche of Flexi-Access Drawdown £125

Annual Flexi-Access Drawdown charge £150

Additional tranche of Flexi-Access Drawdown £75

Capped Drawdown:

Annual Drawdown Fee £150

Additional tranche of Capped Drawdown £75

Recalculation of HMRC maximum income under Capped Drawdown £125

Uncrystallied Funds Pension Lump Sum:

Per event £200
Exhausting the fundThrough Flexi-Access Drawdown or UFPLS £125
Annuity purchase fee£150
Payment of death benefits fee£150
Other feesContributions:

Single contributions after establishment and variations to regular contributions, £20

Refund of contributions (where allowed), £20

In-specie contribution, £500

Investment related fees:

Investment in one of Talbot & Muir's panel of Discretionary Fund Managers, £20

Other fees:

Establishment of a Bypass Trust, £195

Ad hoc valuations, £100

Work required to ensure compliance with changes in pension legislation and regulation, time costed

Annual meetings (where required), £200 plus travel costs

Management

Access: Direct or via IFAVia IFA only

Online capability

DetailsThe Talbot & Muir system enables an adviser and a client to log in and view price feed valuations of current holdings held within the pension scheme.

Due to dual trusteeship of the investments within the SIPP, clients cannot makes any investment changes online because Talbot & Muir would have to counter-sign any changes

Permitted Investments

Commercial property
Overseas property
Unit trusts & OEICSVia limited range of platforms
External deposit accountsSubject to restrictions
Overseas listed stock and sharesVia limited range of stockbrokers
UK listed stocks and sharesVia limited range of stockbrokers
AIM sharesVia limited range of stockbrokers
Gilts/corporate bondsVia limited range of stockbrokers
ETFs
Via limited range of stockbrokers
Investment trusts
Via limited range of stockbrokers
Discretionary managementVia a limited panel of managers
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 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 providerMetro Bank
Current interest rate0.15%

Structure

Scheme trusteesTM Trustees
Scheme administratorTalbot & Muir SIPP LLP

Minimum contributions

Regular paymentsNo minimum
Transfers/Single PremiumsNo minimum
Min additionalNo minimum

Company Information

OwnershipPrivately owned
Year established2000
Funds under management£540 millon
Number of SIPPs administered2,126
Defaqto ratingNot available

Transfers

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

Misc

Flexible Drawdown OfferedYes
Scheme Pension offeredNo
Notes
Please note that standard investments can be held with a DFM arrangement with one of the following panel DFM'S; Brooks Macdonald, Brewin Dolphin, Close Brothers, Canaccord, Investec, Quilters, Rathbones.

Talbot & Muir Simple Retirement Account

Need advice on your SIPP?

Contact our team of SIPP specialists today:

0115 933 8433

info@investmentsense.co.uk

Online enquiry form

Based in Nottingham, Talbot & Muir run three SIPPs, the Elite Retirement Account, the Flexible Retirement Account and the Simple Retirement Account.

The Simple Retirement Account  is a low-cost SIPP, designed for investors who only want to use a Discretionary Fund Manager (DFM). A number of DFMs can be included in Talbot & Muir’s Simple Retirement Account:

  • Brooks Macdonald
  • Brewin Dolphin
  • Close Brothers
  • Canaccord
  • Investec
  • Quilters
  • Rathbones

The mandated bank account is held with Metro Bank and currently pays 0.15% interest per annum; no other external deposit accounts are allowed in the Simple Retirement Account.