Last updated1st June 2017

Reviews

Read reviews for The Talbot and Muir SIPP

Charges

Charges are subject to VAT although shown excluding VAT
Initial/Set up feeCompleted online Nil

Paper application £150
Annual feeSingle asset SIPP, £199

Multi asset SIPP, £350

Multi asset SIPP including a single commercial property, £785

See notes section below
Transfer in feeNone, where an adviser completes the transfer requirements

Other transfers in cash £20 per transfer (max £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 first tranche £150

Annual drawdown charge £150

Additional tranche of Flexi-Access Drawdown £150

Capped Drawdown:

Annual Drawdown Fee £150

Additional tranche £150

Uncrystallised Funds Pension Lump Sum

£150
Exhausting the FundFee for exhausting the fund under Flexi-Access Drawdown or UFPLS, £150
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:

Investments with UK authorised Unit Trust / OEIC or insurance fund investments, £20 per investment, capped at £200 per annum

Establish an alternative deposit account, £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 IFAAdvised only business. However, Talbot and Muir are happy to liaise with clients regarding ongoing administration.

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 & OEICSAll platforms allowed subject to due diligence
External deposit accountsUnrestricted access to all 'sippable' deposit accounts, subject to due diligence
Overseas listed stock and sharesAll stockbrokers and platforms allowed, subject to due diligence
UK listed stocks and sharesAll stockbrokers and platforms allowed, subject to due diligence
AIM sharesAll stockbrokers and platforms allowed, subject to due diligence
Gilts/corporate bondsAll stockbrokers and platforms allowed, subject to due diligence
ETFs
All stockbrokers and platforms allowed, subject to due diligence
Investment trusts
All stockbrokers and platforms allowed, subject to due diligence
Discretionary managementUnrestricted access, subject to due diligence
National Savings & Investments
Unlisted shares
Structured products
Trustee Investment Plans
Insurance company funds
Hedge funds Hedge funds in standard investments are acceptable.
Traded endowment plans
Intellectual property
Brands / Trademarks
Goodwill
Third party loans

Property purchase

Purchase fee£800 per property
Sale fee£350 per property
Annual property administration feeIncluded in multi asset SIPP with one commercial property fee
VAT registration fee£100
VAT return fees£50 per quarter
Other feesPension fund borrowing fee £400 per property

Environmental screening report, £165

Co-Trustee on SIPP £250

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£1,805 millon
Number of SIPPs administered4,400
Defaqto rating5 star rating - product rating
4 start rating - service rating

Transfers

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

Misc

Bypass Trust available via SIPP product £195 + VAT
Flexible Drawdown OfferedYes
Scheme Pension offeredYes - via Flexible Retirement Account SIPP only
Notes
In order to qualify as a Single-Asset SIPP (level 1 fees of £195 pa), in addition to the main SIPP bank account held with Metro Bank, the SIPP may only contain one other non direct property holding. For example, this may take the form of either a single Discretionary Fund Manager portfolio, a single Platform, a single stand alone Unit Trust/OEIC/Trustee Investment Plan, or a single direct equity holding. As soon as the SIPP owns more than one of these assets, it is then treated as a Multi-Asset SIPP (level 2 fees of £345 per annum.) For investments in Multi-Assets including a commercial property, this is deemed level 3 with fees of £770 per annum.
Please refer to schedule of fees for full details.

Need advice on your SIPP?

Contact our team of SIPP specialists today:

0115 933 8433

info@investmentsense.co.uk

Online enquiry form

The Talbot & Muir SIPP

Talbot & Muir are a Nottingham based SIPP (Self Invested Personal Pension) provider who were established 1993.

Talbot & Muir offer a SIPP with three tiers of charges and also the Talbot & Muir Flexible Retirement Account for Scheme Pension Transfers only.

Talbot & Muir run over 4,400 SIPPs with in excess of £1,800 million funds under administration.

There is no minimum contribution to establish a Talbot & Muir SIPP, which is availablethrough Independent Financial Advisers (IFAs).

The mandated SIPP bank account is provided by Metro Bank, who pay 0.15% interest per annum on the balance held within the account.