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Sippcentre SIPP

A low-cost, flexible SIPP

Overview

The Sippcentre product is a low-cost, flexible SIPP and is one of the most cost effective SIPPs in the market place. It accepts all the funds available on the Cofunds platform and initial fund charges have been removed for nearly all fund groups, including the top 20 fund groups on Cofunds. In addition to this and other discounts, 100% of the £120 SIPP establishment charge will be waived where at least £25k is held with Cofunds, thus effectively offering free set up.

About Sippcentre

Sippcentre is a platform offered by A J Bell Management Limited. A J Bell Management Limited launched the UK's first online SIPP in October 2000. A J Bell Management Limited is the scheme administrator responsible for the day-to-day management and administration of the SIPP. Sippcentre is recognised by intermediaries as one of the leading specialist SIPP providers in the UK.

Features

Product Overview

Assets available
Cofunds Collectives (Other assets are available from other investment partners)
Protected rights
Yes (from October 2008)
Drawdown to drawdown
Available
Pension credits
Available
Minimum single premium
£1,000
Regular premiums
Yes
Flexible drawdown
Yes

Commission

Standard fund-based commission

Charges

Charging Structure For Product Via Cofunds
Charge Fund Value AMC (Based Upon Fund Value)
Set up fee for balances of £25,000 and over Nil
for balances under £25,000 £120 plus VAT
Initial fund charges NA Held via Cofunds
Fund switch fee NA None
Transfer fee NA £60 plus VAT per transfer (applies to the first 5 transfers)
Annual charges (payable quarterly) £25k £100 plus VAT
£25k - £50k £140 plus VAT
£50k - £125k £180 plus VAT
£125k - £250k £120 plus VAT
£250k+ £20 plus VAT
Income withdrawal set up NA £150 plus VAT (up to age 75)
Income withdrawal annual NA £150 plus VAT (up to age 75)

Full details of Sippcentre's charges and rates can be found on the Sippcentre website.

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