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Call us for further information on:
0116 240 4402

or alternatively email us at:
ifa@greyfriars.co.uk


SIPP Fees and Services - on a "full advice" basis


Establishment fee - £600 + VAT

Ongoing Annual Management Fees (non property assets):
  • 0.75% plus VAT on the first £250,000
  • 0.50% plus VAT on the next £250,000
  • 0.25% plus VAT on all excess funds
Property within the SIPP charged at 0.25% plus VAT p.a.

These annual fees will be taken six monthly in arrears out of the SIPP bank account and subject to a minimum annual renewal fee of £708 plus VAT. This minimum fee goes up each year on the 1st April by RPI.

Property Charges

Whether it is a new purchase or an “in-specie” transfer, the following additional costs will apply;


Land contamination “sitecheck” report
(this fee is payable by the client even if we subsequently have to decline to accept the property under our Trusteeship).


£240 + VAT

Property Purchase Fees

Single Property Purchase:

There will be a one-off property administration fee of £400 plus VAT covering up to two SIPPS purchasing jointly. For each additional SIPP there will be an additional charge of £200 plus VAT so, for example, if there were four SIPPS involved, the total fee would be £800 plus VAT split equally between each SIPP.

Multi Property Purchase:

The £400 fee applies per property. So, for example, two properties would cost £800 plus VAT which could potentially be split between two “SIPPS”. For each additional “SIPP”, there would be an additional £400 charge. So, for example, two properties being purchased by four SIPPS would total £1,600 plus VAT or £400 per SIPP.


Notes

It is a condition of our Trusteeship that any property owned by a SIPP is insured by the Trustees through our block policy.

Please refer to our ‘Property Purchase Guidance Notes’ for more details.

Services Provided

  • Acting as SIPP Operator, Professional Trustee and Scheme Administrator.
  • All routine administration and documentation.
  • Accepting transfer values.
  • Investment advice.
  • Liaison with HMRC including quarterly and annual returns.
  • Six monthly valuations and reports.

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Greyfriars Asset Management LLP is authorised and regulated by the Financial Services Authority.
Registered in England & Wales No. OC304665
Registered Office: The Cedars, 11 High Street, Fleckney, Leicestershire. LE8 8AJ
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