Last updated28 May 2019


Charges are subject to VAT although shown excluding VAT
Initial/Set up fee£0, online application
Annual fee£175, this includes one free standard investment
Transfer in fee£50 per transfer, overseas transfer in £100
Transfer out feeCash transfer to a UK pension scheme, £100

In-specie transfer out, £50 per asset

Cash transfer to an overseas pension scheme £300
In-specie transfer in fee£50 per transfer
Taking BenefitsBenefit Crystallisation Event:

Initial Fee, £100

Drawdown or beneficiaries drawdown, £100 per annum

The annual fee does not apply to payment of Pension Commencement Lump Sums.

Payment of regular pension £100 per annum

The fee does not apply to payments of Pension Commencement Lump Sums.

Uncrystallised funds pension lump sum:

£100 per payment
Annuity purchase fee£100
Payment of death benefits feeLump sum payment, £100

Dependents pension (i.e. Income Drawdown), £100 per annum
Other feesInvestments

Additional standard investment , £25 per annum

Pension sharing order, £150

SIPP Closure Fee £100

Contributions via Direct Debit £10 per year


Access: Direct or via IFABoth

Online capability

DetailsThrough the Embark Pensions Portal IFAs can apply fully online (no need for paper), perform illustrations online, track transfers and view valuations of clients assets. Direct clients can apply online, track their transfers and obtain valuations.

Permitted Investments

Commercial property
Overseas property
Unit trusts & OEICSAll platforms allowed
External deposit accounts Where realisable within 30 days
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 products
Trustee Investment Plans
Insurance company funds
Hedge funds
Traded endowment plans
Peer to Peer Lending
Intellectual property
Brands / Trademarks
Third party loans

Property purchase

Purchase fee£500 per property using panel solicitor

£900 per property using off panel solicitor
Sale fee£250
Annual property administration fee£500
VAT registration fee£100
VAT return fees£120
Other feesBorrowing, £150 initial, £120 per annum per member

Annual property fee per member £50

SIPP Bank Account

SIPP bank account providerMetro Bank
Current interest rate0.5%


Scheme trusteesEmbark Pensions Trustees Ltd
Scheme administratorEmbark Pensions

Minimum contributions

Regular paymentsNo minimum
Transfers/Single PremiumsNo minimum
Min additionalNo minimum

Company Information

OwnershipPrivately owned
Year established2007
Funds under administration£15 billion
Number of SIPPs administered12,439
Defaqto ratingFive Stars


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


Flexible Drawdown offeredYes
Uncrystallised Funds Pension Lump SumYes
Scheme Pension offeredNo
NotesThe Option SIPP has been created to provide a pension product that can be tailored to the individual need of each client.

We are all individuals, our pension should be too!

The Option SIPP is underpinned by 3 basic pillars:


Need advice on your SIPP?

Contact our team of SIPP specialists today:

0115 933 8433

Online enquiry form

Embark Pensions – Option SIPP

Embark Pensions bought Liberty SIPP in October 2018.

Based in Bolton, Embark Pensions – Option SIPP currently manages 12,439 SIPPs and has a 5 star Defaqto rating.

The Embark Pensions Option SIPP allows investment into wide range of assets including commercial property, unit trusts & OEICS, UK & overseas listed stock and shares, investment trusts, discretionary management and national savings & investments.

Embark Pensions allows their SIPPs to be opened via IFAs (Independent Financial Advisers) or direct by the client. The mandated SIPP bank account is held with the Metro Bank.