SIPP administrator Stadia Trustees Ltd has launched a bespoke SIPP with a ‘cost effective' charging structure for commercial property purchase.
The charges on The Property SIPP are £550 +VAT for the SIPP and £250 +VAT per property. Tony Hales, chairman at Stadia Trustees [pictured], said: "The Property SIPP is a new addition to our SIPP offering which has been developed to fulfil investors' need for a cost-effective and flexible vehicle for property investment." There also could be a supplemental fee of £100 + VAT for VAT registration. If the SIPP is in drawdown, fees of £150 + VAT can incur. Third party fees, such as solicitors' fees also apply. Hales added: "We wanted a product that took a lot of complexity out of prope...
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