Last updated23rd May 2017

Charges

All fees include VAT
Initial/Set up fee£295
Annual fee£605
Transfer in feeNone
Transfer out feeTransfer Out Cash Nil
Transfer Out UK based asset £100 per asset but capped at £300
Transfer Out UK Based Property £400
Transfer Out Overseas £600
In-specie contribution fee£200
Taking BenefitsBenefit Crystallisation £145

Ongoing: £100 per year

Capped to Flexible Switch £75
Additional Income Drawdown feesAdditional crystallisation event, £145

Annuity purchase fee£145
Payment of death benefits feeNil
Other feesIn specie contribution, £200

Pensions on Divorce Settlement £300

Management

Access: Direct or via IFAIFA only

Online capability

DetailsNone at present

Permitted Investments

Commercial property
Overseas propertyConsidered on a case by case basis
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 sharesConsidered on a case by case basis
Structured products
Trustee Investment Plans
Insurance company funds
Hedge fundsConsidered on a case by case basis
Traded endowment plans
Intellectual property
Brands / Trademarks
Goodwill
Third party loansSubject to a maximum of 70% of the fund. Small loans can be unsecured, loans over £20,000 need to be secured

Property purchase

Purchase fee£525 per property
Sale fee£400 per property
Annual property administration fee£595 per property
VAT registration fee£120

VAT Registration Joint Ownership £200
VAT return fees£120

VAT Return Joint Ownership £200
Other feesBorrowing £300

Property/Land Development £400

New Tenant £100

Aborted Purchase £250

Non Block Policy Insurance Cover £75

SIPP Bank Account

SIPP bank account providerBank of Scotland
Current interest rate0.00%

Structure

Scheme trusteesYorsipp (Trustees Limited)
Scheme administratorYorsipp Limited

Minimum contributions

Regular paymentsNo minimum
Transfers/Single PremiumsNo minimum
Min additionalNo minimum

Company Information

OwnershipPrivately owned
Year established2006
Funds under administration£135 million
Number of SIPPs administered700+
Defaqto ratingNot rates

Transfers

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

Misc

Flexible Drawdown offeredYes
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

YorSIPP Full SIPP

YorSIPP is privately owned, was established in 2001 and run two SIPPs (Self Invested Personal Pension Plans), namely the Full SIPP and the Start Up SIPP.

YorSIPP run over 600 SIPPs with assets under management of over £130 million.

The Full SIPP has wider investment powers than the Start UP SIPP, for example it allows investment into commercial property, AIM shares, as well as unlisted shares.

The YorSIPP Full SIPP is only available through IFAs (Independent Financial Advisers).

Investors wishing to open the Full SIPP have to make no minimum lump sum, regular or transfer in payment.

The mandated SIPP account is held with Bank of Scotland, no interest is currently payable, but investors who wish to hold significant amounts in Cash can access other SIPP deposit accounts via the Full SIPP.