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During the Coronavirus outbreak, we are taking precautions to protect the health of our colleagues and clients, and are working hard to ensure business as usual is maintained. We will continue to respond to all communications as quickly as we can.

Embark Group has full capabilities in place to enable all our staff to work remotely and we are doing our best to maintain our service levels, however please note response times may vary.

 

For useful tools and resources or to learn more about the market impact of Coronavirus, please visit our COVID-19 page.

Fees for the Option SIPP

We have set the charges for the Option SIPP at a level that offers value for money for each of our SIPP holders. Our easy-to-use calculator gives a concise breakdown of the fees charged on both an initial and ongoing basis. You can also view our latest Fee Schedule here.

SETTING UP THE SCHEME





TAKING BENEFITS

Initial set up cost

£0.00

Annual fees

£0.00

 

 

All fees for the Option SIPP are subject to VAT.

The fees in this calculator are exclusive of VAT. If you need help working out the exact fees payable, please contact a member of our team. Note that this comparison is extremely simplistic and should not be used as a pension illustration. These fees do not take into account any investment fees, dealing charges or adviser fees.


BANK CHARGES

 

Metro Bank is our chosen banking partner and as part of our agreement, any cash deposits receive interest. Interest on scheme bank accounts held with Metro Bank is compounded and credited monthly (gross). In the current climate the amount of interest paid to your account is 0.0%. Note that base rate fluctuations may result in interest rate variation.

The terms of our agreement with Metro Bank involve us undertaking aspects of bank account management, for which we may receive a payment.

Some clients have accounts with Royal Bank of Scotland plc (RBS). The current interest rate payable on these accounts held is 0.25% p.a. and this rate will decrease to 0.01% p.a. from 15 July 2020. Any accounts opened with RBS after 11 May 2020 will receive the reduced interest rate of 0.01%.
We do not receive any payments from Royal Bank of Scotland plc.


HOW MUCH COULD YOUR CLIENT SAVE?

Please enter the current annual fees here:
Saving after 1 year:
£0.00
Saving after 5 years:
£0.00
Saving after 10 years:
£0.00
Saving after 15 years:
£0.00
Saving after 40 years:
£0.00

 

The fees in this calculator are exclusive of VAT. If you need help working out the exact fees payable, please contact a member of our team. Note that this comparison is extremely simplistic and should not be used as a pension illustration. These fees do not take into account any investment fees, dealing charges or adviser fees.