Last updated16th May 2019


Charges are subject to VAT although shown excluding VAT
Initial/Set up fee£0
Annual fee£550
Transfer in fee£125
Transfer out feeIn-Specie transfer out of non-standard assets, time costed, min £350
In-specie transfer in fee£150 per asset
Income DrawdownInitial: £150

Ongoing: £100 per annum
Additional Income Drawdown feesEach subsequent mandatory review, £150

Flexible Drawdown, £150 set-up fee

Lifetime Allowance check at age 75, £150
Annuity purchase fee
Payment of death benefits feeTime costed, fees don't typically exceed £500
Other feesAdministration of a transfer to a non-UK pension scheme, time costed, min £350

Work in connection with divorce proceedings, time costed, min £700

Work in connection with unquoted shares


Access: Direct or via IFABoth

Online capability

DetailsNone for the SIPP wrapper but various investments may have online dealing capabilities or view services.

Permitted Investments

Commercial property
Overseas property
Unit trusts & OEICS
External deposit accounts
Overseas listed stock and shares
UK listed stocks and shares
AIM shares
Gilts/corporate bonds
Investment trusts
Discretionary management
National Savings & Investments
Unlisted shares
Structured products
Trustee Investment Plans
Insurance company funds
Hedge funds
Traded endowment plans
Intellectual property
Brands / Trademarks
Third party loans

Property purchase

Purchase feeTime costed, overall costs typically £850 for one property, one member, with no mortgage
Sale feeTime costed
Annual property administration feeTime costed
VAT registration feeTime costed
VAT return feesTime costed
Other fees

SIPP Bank Account

SIPP bank account providerBank of Scotland
Current interest rate0.1% per annum


Scheme trusteesEBS
Scheme administratorEBS

Minimum contributions

Regular paymentsNo minimum
Transfers/Single PremiumsNo minimum
Min additionalNo minimum

Company Information

OwnershipWholly owned by Embark Group
Year established1970, SIPP launched 2000
Funds under management£6.8bn as at Oct 2018
Number of SIPPs administered32,000 clients as at Oct 2018
Defaqto ratingNone


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


Flexible Drawdown offeredYes
Scheme Pension offeredNo

Need advice on your SIPP?

Contact our team of SIPP specialists today:

0115 933 8433

Online enquiry form


EBS Management is owned by Embark Group having become part of the group in May 2017

EBS Management was established in 1970, the SIPP launched in 2000 and have over 32,000 customers across their products

The EBS SIPP allows access to a wide range of investments including commercial property in the UK, third party deposit accounts, platforms, discretionary fund managers and directly held assets.

The mandated SIPP bank account is held with Bank of Scotland and pays an interest rate of 0.1% per annum.