Last updated14th April 2016

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Charges

Charges are subject to VAT although shown excluding VAT

Initial/Set up fee£0
Annual fee£250
Transfer in feeArranged by member's IFA £30

Arranged by Taylor Patterson £75
Transfer out fee£150
In-specie transfer in fee£75
Taking BenefitsFlexi-Access Drawdown:

Payment of Pension Commencement Lump Sum £150

Payment of regular pension £150 per annum

Changes to frequency or amount of pension payments in a pension year £nil on the first change and £175 for second and subsequent changes

Capped Drawdown:

Switch to Flexi-Access Drawdown £75

Payment of Pension Commencement Lump Sum £150

Payment of regular pension £150 per annum

Changes to frequency or amount of pension payments in a pension year £nil on the first change and £175 for second and subsequent changes
Additional Income Drawdown feesAd hoc benefits illustrations £75

Mandatory reviews, £150
Annuity purchase fee£375
Payment of death benefits feeNone
Other feesReclaim of income tax on investment income, minimum £50

Completion and submission online of HMRC Registered Pension Scheme Return where required, £75 per member

Provision of copy deeds and documents , minimum £25

Investments held under a DFM Agreement £50 per annum

Management

Access: Direct or via IFAIFA only

Online capability

DetailsAn online application form is available via the Taylor Patterson website: http://sippssas.taypat.co.uk/lanson-sipp/

IFAs have online access to their portfolio of schemes

Permitted Investments

Commercial property
Overseas property
Unit trusts & OEICSAll platforms allowed
External 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 productsOn a case by case basis
Trustee Investment Plans
Insurance company fundsOn a case by case basis
Hedge fundsOn a case by case basis
Traded endowment plans
Peer to Peer Lending
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 providerBank of Scotland
Current interest rate0.10%

Structure

Scheme trusteesTaylor Patterson Trustees Ltd
Scheme administratorTaylor Patterson Associates Ltd

Minimum contributions

Regular paymentsNo minimum
Transfers/Single PremiumsNo minimum
Min additionalNo minimum

Company Information

OwnershipPrivately owned
Year established1979
Funds under administration
£156 million
Number of SIPPs administered453
Defaqto ratingThree Stars

Transfers

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

Need advice on your SIPP?

Contact our team of SIPP specialists today:

0115 933 8433

info@investmentsense.co.uk

Online enquiry form

Taylor Patterson Lanson SIPP

Taylor Patterson is a leading Lancashire based pension provider specialising in the administration of bespoke pension plans.

For individuals wanting to control the management of their pension, to have a choice of investments including commercial property and considerable flexibility as to when and how they draw their pension benefits, the Taylor Patterson SIPP or SSAS offers the solution.

The Lanson SIPP has been specially designed for those who wish to accumulate or consolidate their pension savings in a single arrangement that permits the member to make their own investment decisions in conjunction with their investment advisers.

It provides a flexible means of investing pensions savings in cash deposits, managed funds and other collectives. It also allows for investments and cash deposits held under an agreement with a discretionary fund manager.