If a SIPP appeals to you but you’ve been holding on for an inexpensive option, then your wait is over.

Many SIPP managers charge a set up cost or an annual administration fee, while others apply both. These variations in charges are usually to do with the diversity of investments that can be held in the SIPP; the more types of investments there are in the SIPP, the more time-consuming and costly it is for the manager to administer.

That’s not a consideration as far as this SIPP is concerned. It’s a ‘no frills’ SIPP, created especially for people who don’t want to pay for the privilege of having more flexibility than they need.

It is a SIPP for investors who like to make their own investment decisions and have no requirement to include shares, property, FSAVCs, TEPs and some other types of securities in their SIPP1.

Exactly the same tax breaks as before

Transferring your existing pension (or pensions) to this SIPP still entitles you to tax relief on any future contributions you may make. Also the option to withdraw up to 25% of your pension fund tax-free on retirement is preserved.

Already have a SIPP?

If you’d like to switch, it’s not a problem. All you need do is call us – with your plan details - and we’ll handle it from there: the number is 0800 294 7152.

No existing assets to switch?

Providing you have a lump sum of £50,000 or more available to invest, you can still establish your SIPP with us – please call us on 0800 294 7152 for further details.

Benefits of this low cost SIPP

• No set up charge
• No annual administration charges
• You make all the investment decisions, so there are no charges for advice
• 24/7 online valuation, so your SIPP’s performance is easy to monitor
• Simply switch between funds online
• Switching between most funds is free
• All your pension assets are conveniently held in one place • You can top up your SIPP at any time
• The minimum holding within this SIPP is £50,000, which can be a mix of cash or pension funds
• Any and all pension transfers are handled by Torquil Clark Investments

Credit Suisse
Dexia
Fortis
Hiscox
Invesco
J O Hambro Capital Management
New Star
Norwich & Peterborough
Sesame
Torquil Clark
The West Brom

Mister Write's real name is Terry Martin. If you'd like to speak to me about writing financial copy, please use the contact details at the top of of the page. Thank you!