For IFAs

As the IFA, introducing a client to s615(6) Trustees Limited, you will maintain complete control over your client and earn your fees or commission for arranging the underlying scheme investments. For full details of earnings potential, please contact us.

To assist IFAs with the completion of s615(6) business, s615(6) Trustees Limited has identified specific partners to produce a default scheme. By using these associated businesses, it is possible for the IFA to package a product for their client without having to select any of the product elements - wrap platform, corporate trustee or discretionary fund manager ("DFM") - which go to make up a scheme and to be able to identify the cost at outset.

Based on 20 years' experience of working with members of s615(6) schemes, the following companies have been identified as best understanding the special needs of the membership in terms of the risk profile, ease of access, and service. s615(6) Trustees Limited has entered into competitive pricing agreements with these providers of the key scheme elements to deliver a product of the highest standards:-

Scheme Function Company Name
Establishment Fees
Annual Fees
Corporate Trustee S615(6)Trustees Limited
Nil
1.25% of AUA p.a.
Wrap Platform Novia Global
Nil

0.6% for first $500,000
0.45% for $500,000 - $1m
0.3% for $1m - $1.5m
0.2% for $1.5m - $2m
0.1% for $2m+

DFM Premier Asset Management
Nil
1% of AUA p.a. including OEIC Fees


To these fees would be added the initial commission and AUA based trail fees of the introducing IFA. We would expect to incorporate IFA fees into an overall charge structure of, perhaps, 3% establishment and 3% p.a. of AUA based on a single premium contribution and AUA of £100,000. For larger scheme values the fixed costs included in the packaged product fee structure would be less than 3% p.a.

Please use our step-by-step guide below to see if our s615(6) scheme is relevant and treat the following questions as if you were addressing them to your clients.

Are you UK non-resident?

Go to Box 2

Go to Box 9

Are you employed by a UK company or can you be employed by a UK company within your employment group?

Go to Box 3

Go to Box 5

Will your employer establish a s615(6) scheme?

Go to Box 4

Go to Box 10


Become a s615(6) scheme member by contacting s615(6) Trustees Limited and obtaining appropriate application documents for your circumstances.

Are you self-employed or can you structure your employment in any way you choose?

Go to Box 6

Go to Box 9

Do you want to own and run a UK company?

Go to Box 7

Go to Box 8

Either use an existing company or let us form and manage a company to act as your employment vehicle. Become a s615(6) scheme member by contacting s615(6) Trustees Limited and obtaining appropriate application documents for your circumstances

Join an umbrella employment company which we run and become a member of an existing s615(6) scheme by contacting s615(6) Trustees Limited

Do you have overseas duties for your employer?

You may possibly become a member of a s615(6) scheme in respect of your overseas duties. Contact s615(6) Trustees Limited and obtain appropriate application documents for your circumstances

Go to Box 10

 

 

 

 

Sorry, you may not become a member of a s615(6) scheme