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About Us


Company Information

Yorsipp Limited provides SIPP Administration to the group's existing portfolio and all new business.  The SIPP Scheme was originally formed in 2001.  To allow the development of the SIPP in line with the new ‘A’ Day rules this administration function was relocated to Glasgow in 2006.

Yorsipp Limited is committed to providing our members with a high level of service and technical support to meet with their ever changing needs.

Our technical consultants are on hand to provide their support and assistance with a vast experience of solving problems within the SIPP product.

Company Structure

Yorsipp (Trustees) Limited operates under a master trust deed which allows us to be sole trustee.

For ease of administration Yorsipp (Trustees) Limited has appointed a separate administrator, Yorsipp Limited, to carry out the administration work as required.

Administration

Yorsipp Limited offers a full range of administration services including

  • Arranging transfer of funds/assets from existing providers, including Protected Rights 
  • Allocation of regular and single contributions and arranging re-claim of basic rate tax where applicable.  Contributions are not limited to cash and may take the form of in~specie investment or property.
  • Investment in a full range of permitted investments (both with/without tax advantages).
  • Carrying out work as required in respect of Pension Sharing Orders.
  • Calculation and payment of Income both Pre and Post age 75.
  • Calculation and payment of Death Benefits.
  • Annual Valuations.

Banking

Our bankers, as of February 2008, are The Bank of Scotland.  This change allows us to become more technologically advanced and keep more of the banking administration in house. 
No interest is being applied to the trustee bank accounts while the Bank of England base rate remains at 0.5%.  This will be reviewed by Yorsipp (Trustees) Limited when the base rate changes.

Yorsipp Limited is authorised and regulated by the Financial Services Authority.