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Call us for further information on:
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0116 240 4402
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or alternatively email us at:
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ifa@greyfriars.co.uk
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SIPP Fees and Services - on a "full advice" basis
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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.
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Whether it is a new purchase or an “in-specie” transfer, the following additional costs will apply;
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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).
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£240 + VAT
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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.
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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.
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- 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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