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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.
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. Metro Bank pays an additional rate above this to Embark Pensions to cover any transactional costs associated with the management of client accounts.
Total interest paid by Metro Bank: 0.95%
Member interest rate: 0.30%
Rate received by EBS Pensions: 0.65%
Embark Pensions does have clients with The Royal Bank of Scotland. At present this pays 0.25% to the member for cash deposits held. Embark Pensions do not receive any payments from The Royal Bank of Scotland.
HOW MUCH COULD YOUR CLIENT SAVE?
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.