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