The Taylor Patterson Investor SIPP:
- Provides a flexible vehicle for investment in market securities.
- Allows members to choose where funds are to be invested.
- Accepts transfers of members' benefits from other pension arrangements.
- Accepts contributions from members and/or their employers.
- Provides flexible options for the payment of benefits.
It is, therefore, ideally suited to those who wish to:
- Invest in stocks and shares, unit trusts, managed funds and other market securities, and,
- Manage their own investments or,
- Appoint an investment manager of their own choice to manage all or a part of their portfolio on their behalf.
Should a member at any time decide to invest in property it is a simple matter to convert the Investor SIPP to the Master SIPP without incurring the costs of establishing a new arrangement.
Key Features
- Investment in a wide range of market securities is permitted.
- Cash transfers from existing arrangements and contributions accepted.
- Partial or total crystallisation of benefits permitted.
- Members can make their own investment decisions.
- Members can appoint their own investment manager provided the latter gives appropriate undertakings to Taylor Patterson.
- The Investor SIPP has all the features of the Taylor Patterson Master SIPP, apart from the facility to invest in property and related features.
Scale of Charges
- Establishment Fee - £300
- Annual Fee, in advance - £400
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- Inward Transfer Payments, per transaction
- Arranged by member's IFA £ Nil
- Arranged Taylor Patterson - execution only - see note below £ 75 |
- Contributions, establishment of banker's order £ 35
- Contributions made by cheque or BACS, per transaction £ 30
- In specie transfers in lieu of contributions
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- Property as per property fee scale plus £100
- Market investments including AIM shares £150 |
- Transfer to another provider's arrangement £ 300
- Investments held under an investment management agreement in nominee names, per account per annum in advance £50
- Investments not managed under an investment management agreement, per transaction £30
- Benefit crystallisation event including payment of tax-free cash £ 375
- Payment of pension under PAYE, per annum in advance £ 150
- Pension benefit review £ 175
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On conversion to the Taylor Patterson Master SIPP, no additional establishment fee will be payable only a conversion charge of £150 and an appropriate proportion of the annual charge for the Master SIPP to the next plan anniversary date.
A charge will be made for any other work of a non-standard or routine basis not included in above scale on a time-cost basis.
Note: In its capacity of Trustee and Administrator of the SIPP, Taylor Patterson does not give advice on the merits or otherwise of transferring benefits from other pension arrangements and will only deal with such transfers on an execution only basis. The member is recommended to take advice from an independent financial adviser on such matters.
All charges are subject to VAT and are subject to increases each year by reference to the latest published Average Earnings Index. Taylor Patterson reserves the right to amend its fee scale at any time.
Download the Key Features |
