Westerby Trustee Services Full SIPP

Initial/Set up fee

£350

Annual fee

£750 - Standard Full SIPP
£890 - Non Standard Full SIPP

Transfer in fee

Origo - Nil
Paper - £60 per transfer

Transfer out fee

Cash £250 & £250 per asset

In-specie transfer in fee

£200
Property - Time cost subject to a minimum of £350

Income Drawdown

Initial: £180

Ongoing: £170 per annum

Ad Hoc payment: £170 per payment

Additional Income Drawdown fees

Mandatory reviews, £170

Annuity purchase fee

£250

Payment of death benefits fee

Time costed, subject to a minimum of £200

Other fees

Purchase of unlisted shares, £800 - £1,000

Sale of unlisted shares, from £250

Investment in Non-Standard Funds, £600

Third party loans, £800-£1,000

Annual loan administration fee, £250 pa

Ad hoc valuations, £75

In specie transfer out, Cash £250 & £250 per asset

Pension sharing on divorce, time costed subject to a minimum of £500

Additional deeds, £300

Reminder letters on matters outstanding over 90 days, £30 per letter

Access: Direct or via IFA

Both

Details

Application Form, Key Features Documents available to download from website. Online access only available to IFAs

Commercial property

Unit trusts & OEICS

All platforms allowed

External deposit accounts

Additional fees may apply

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

Unrestricted access

National Savings & Investments

Unlisted shares

Structured products

Trustee Investment Plans

Insurance company funds

Hedge funds

Traded endowment plans

Third party loans

Subject to a maximum of 50% of the fund on both a secured or unsecured basis

Purchase fee

£850 (UK)

Overseas Property - Time cost subject to a minimum of £995

UK Property purchase at Auction, £500 (non refundable)

Sale fee

£550

Annual property administration fee

£750 per property with single tenant or untenanted

VAT registration fee

£300 (First property)
£100 (on additional properties)

VAT return fees

£320 per annum (First property)
£50 per annum (on additional properties)

Other fees

Borrowing fee, £300

Building plots and development land, £200 per year

Additional tenant, £100 per year

SIPP bank account provider

Metro Bank

Current interest rate

Not given

Scheme trustees

Westerby Trustee Services Limited

Scheme administrator

Westerby Trustee Services Limited

Regular payments

No minimum

Transfers/Single Premiums

No minimum

Min additional

No minimum

Ownership

Privately owned

Year established

1996

Funds under administration

£576 million

Number of SIPPs administered

Over 1,900

Defaqto rating

Five Stars

Accepts benefits from defined benefit / final salary schemes?

No

Flexi-Access Drawdown/UFPLS offered?

Yes

Scheme Pension offered

No

Notes

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.