Greyfriars Asset Management LLP:
SSAS Fee Schedule
Greyfriars Asset Management LLP
Ashcroft House
3 Ervington Court
Meridian Business Park
Leicester
LE19 1WL
T: +44 (0) 116 344 0170
E: [email protected]
SCHEDULE OF FEES AND SERVICES AS OF 15 SEPTEMBER 2015:
The following is a list of all fees payable to Greyfriars Asset Management LLP (‘GAM’) for the
Administration of the SSAS. They have been broken down between initial one off fees, annual recurring
fees and special one off fees to enable you to see clearly the costs of running your SSAS and to
compare our fees with other SSAS providers. If you have any questions please contact a member of
the SSAS Business Unit on the following number: +44 (0) 116 344 0170.
Pleasereadthesenotescarefullyandensurethatyouunderstandthemfullybeforesigningyour
agreementtothefeesbelow.
⎯ All fees are subject to VAT at the prevailing rate.
⎯ All fees are reviewed annually and GAM may increase the fees. GAM will inform you of any
increases in fees and when they will be applied.
⎯ Fees will be billed to the Sponsoring employer by the presentation of an invoice.
⎯ GAM will advise you when fees are due.
⎯ If investments within the SSAS are not income generating then minimum level of cash or readily
realisable assets of £2000 needs to be retained in the SSAS bank account.
⎯ The fees in this schedule are GAM fees only, third party fees may be payable separately and in
addition to GAM fees particularly in relation to property, loan or deed update transactions
(Solicitors, Mortgages, valuation fees).
⎯ Fees are payable annually in arrears.
⎯ Upon termination all GAM fees due will be collected and no refund of fees will apply.
⎯ Time cost fees will be calculated based on the following charge out rates:
o Administrator £90 to £150 per hour
o Senior Technical Manager £200 per hour
o Director or Partner £300 per hour
⎯ Fees quoted at outset of specific jobs may be subject to change depending on complexity; GAM
reserves the right to renegotiate fees but will endeavour to be as accurate as possible with fee
quotes at outset.
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SSAS Fee Schedule V2: 10/06/16
INITIAL SET UP FEES (ONE OFF FEES)
Payable once Scheme set up is completed
Establishment Fee/Scheme Take over fee =
£1000
ARRANGING TRANSFERS INTO THE SSAS:
From UK Registered Pension Schemes - Cash per transferred Scheme =
From UK Registered Pension Schemes - In Specie per transferred Scheme (Investments) =
From UK Registered Pension Schemes - In Specie per transferred Scheme (Property) =
£75
£250
£550
ONGOING ANNUAL FEES (RECURRING FEES EACH YEAR)
Payable annually in arrears on the anniversary of the Scheme set up
Annual Management Fee for first two members =
Annual Management Fee for each subsequent member =
Annual Property Administration Fee (per property) if applicable =
Annual Loan Administration Fee (per loan) if applicable =
Annual Pension Drawdown Administration Fee (if applicable) per arrangement =
Completion of Quarterly VAT returns (4 returns per year) if applicable =
Annual Administration Fee for unlisted Shares =
Data Protection Fee =
Pensions Regulator Fee =
Scheme Self Assessment Return (HMRC) =
£500
£240
£450
£150
£125
£200
£150
£35
£29
£175
FEES FOR ADDITIONAL SERVICES (ONE OFF FEES)
Payable from the SSAS upon completion of the specific piece of work
CONTRIBUTIONS
Contributions - cheque or bank transfer
Contributions in Specie - Regulated funds
Contributions in Specie - Non Regulated Assets (Including Property) =
£NIL
£250
£600
INVESTMENTS
Arranging for the setup of regulated investments as requested by the member =
Non Standard Investments on GAM Approved List =
Third Party Loans =
Unlisted Share Purchase/Sale =
£NIL
£NIL
£750
£700
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SSAS Fee Schedule V2: 10/06/16
PROPERTY
Property purchase per property =
Environmental Report =
Scheme VAT registration =
Property development fee subject to minimum fee of (£time cost) =
New lease (including lease renewals) per lease =
Property Sale fee per scheme per property =
£550
£260
£200
£800
£200
£400
BORROWING
Borrowing Fee (Mortgage) per scheme per property =
Borrowing from non regulated lender =
Early Settlement of Borrowing =
Arranging a Loan Back to a sponsoring employer =
£200
£700
£200
£500
TRANSFERS
Transfers in after initial set up – Cash =
Transfers in after initial set up Investments in specie =
Transfers in after initial set up Property in specie =
Transfer out of the SSAS in specie (minimum £700) =
Transfer out of the SSAS to another provider in cash =
£75
£250
£550
£time cost
£250
BANKING
Arranging additional deposit account =
£50
TAKING BENEFITS
Calculation and initial payment of Benefits per arrangement =
Annuity Purchase =
Payment of death Benefits =
OTHER
Any other additional exceptional services =
Implementing pension sharing order =
Irregular valuation per request =
Updating Trust Deed and Rules =
Fund Split Calculation request =
Adding/Removing Members (per member) =
£250
£175
£600
£time Cost
£750
£150
£250
£250
£600
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SSAS Fee Schedule V2: 10/06/16
We have read the notes and fee schedule highlighted above in full and we hereby accept the
fees and conditions as quoted:
Company Name:
Director:
Signature:
Date:
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SSAS Fee Schedule V2: 10/06/16