Morgan Lloyd – Qualitas SIPP & Directus SIPP
Last updated: 22nd August 2023
Charges Charges are subject to VAT although shown excluding VAT
Initial/Set up fee
£560 - Qualitas SIPP
£0 - Directus SIPP (panel investment provider)
£175 - Directus SIPP - Advised clients (non-panel investment provider)
£290 - Directus SIPP - Non-Advised clients (non-panel investment provider)
Annual fee
£1,055 annually / £95 pm - Qualitas SIPP (Advised clients)
£1,450 annually / £135 pm - Qualitas SIPP (Non-Advised clients)
£175 - Directus SIPP - Advised clients (panel investment provider)
£290 - Directus SIPP - Non-Advised clients (panel investment provider)
£290 - Directus SIPP - Advised clients (non-panel investment provider)
£400 - Directus SIPP - Non-Advised clients (non-panel investment provider)
Transfer in fee
None
Transfer out fee
£560 - Qualitas SIPP
£225 - Directus SIPP
In-specie transfer in fee
£950: Property transfer - Qualitas SIPP
£175 - Directus SIPP
Income Drawdown
Benefit Crystallisation Calculation
£310 - Qualitas SIPP
£175 - Directus SIPP
Annual income drawdown fee
£310 - Qualitas SIPP
£200 - Directus SIPP
Additional Income Drawdown fees
Establishing a PAYE Scheme £180
Review pension income £115
Annuity purchase fee
None
Payment of death benefits fee
£310 - Qualitas SIPP
£200 - Directus SIPP
Other fees
Intellectual property or other asset purchase, £335 plus 0.25% of asset value
Intellectual property fee, £335 per year
Preparation and submission of registered pension scheme return, £200
SIPP wind up, £560
Establishment of a syndicate SIPP, £560
Unlisted Share purchase, £670 plus 0.25% of asset value
Payment of Pension Sharing Order £310
Non panel bank account £335
Non panel investment £200
Directus - Standard Investment transaction. £50
Management
Access: Direct or via IFA
Via IFA only
Online capability
Details
None
Permitted Investments
Commercial property
Unit trusts & OEICS
All platforms allowed
External deposit accounts
Overseas listed stock and shares
All stockbrokers allowed
UK listed stocks and shares
All stockbrokers allowed
AIM shares
All stockbrokers allowed
Gilts/corporate bonds
All stockbrokers allowed
ETFs
All stockbrokers allowed
Investment trusts
All stockbrokers allowed
Discretionary management
Only Quilter or Brewin Dolphin allowed
National Savings & Investments
Unlisted shares
Structured products
Trustee Investment Plans
Insurance company funds
Hedge funds
Intellectual property
Third Party Loans
Traded endowment plans
Property purchase
Purchase fee
£950
Sale fee
£500
Annual property administration fee
£335 for one property
+ £110 for every additional property
VAT registration fee
Included in annual property administration fee
VAT return fees
£25 per quarter
Other fees
Mortgage borrowing facilitation £220
SIPP Bank Account
SIPP bank account provider
Royal Bank of Scotland
Current interest rate
TBC
Structure
Scheme trustees
Morgan Lloyd SIPP Trustees Limited
Scheme administrator
Morgan Lloyd SIPP Services Limited
Minimum contributions
Regular payments
£50
Transfers/Single Premiums
£500
Min additional
No minimum
Company Information
Ownership
Clifton Asset Management plc
Year established
2003
Funds under management
Approximately £12 million
Number of SIPPs administered
194
Transfers
Accepts DB transfers?
Yes, if IFA advised
Misc
Flexible Drawdown offered
Yes
Notes
Disclaimer
The information within this section is for your general information purposes only and does not constitute investment advice. It is not an offer to purchase or sell any particular asset and it does not contain all of the information which an investor may require in order to make an investment decision. Please obtain professional advice before entering into any new arrangement. Although endeavours have been made to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of the information of this site.