Cost of a SIPP
There is no set up or initial fees.
The maximum annual charge is £50 +VAT.
The ongoing annual fee is 0.1% +VAT; subject to a minimum annual charge of £15 +VAT.
There are no additional charges for transfers in and the fee for transfers out will not exceed the previous year’s fee.
An additional fee of £125 +VAT applies to any SIPP that is in drawdown.
For investment outside of the SCM Direct Portfolio held within a SIPP wrapper – such as commercial property, divorce & death – any request or requirement would be quoted to you directly by our SIPP administrator, before any work is carried out.