
Self Invested Personal Pension
An easy, flexible way for financial advisers to build and manage their clients’ financial future
Fees for the 7IM SIPP
SIPP set up
Charge type | Charge amount | Frequency |
---|---|---|
Establishment of SIPP | £0 | N/A |
Annual administration fee | £0 if value of SIPP is above £75,000. £100 (+ VAT) if value of SIPP is below £75,000 | Charged annually in advance |
Taking Benefits
Charge type | Charge amount | Frequency |
---|---|---|
Purchase of annuity | £100 (+VAT) | On the event |
New benefit crystallisation instruction | £75 (+VAT) | On the event |
Payment of income | £135 (+VAT) | Charged annually in advance |
Switch from capped to flexi-access drawdown | £75 (+VAT) | On the event |
Review of capped drawdown limits | £75 (+VAT) | On the event |
Closure of SIPP | £75 (+VAT) | On the event |
Interested in the 7IM SIPP?
Providing all the information you need to know about the 7IM Self Invested Personal Pension.
Want to know more about how the 7IM SIPP could help your clients? Get in touch with our team today
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