The Glasgow-based pensions provider @SIPP has removed the set-up fee on its Solo SIPP for five months.

The fee will not be levied again until 31 March.

The set-up fee of £125 + VAT is normally levied on new customers who join the Solo SIPP product.

The company says the deal, only accessible to advised clients, will see them pay only a flat fee of £253 + VAT for their first year in the SIPP, a 33% discount on the normal fees that apply.

The firm claims that for advisers who operate outsourced investment solutions, the offer makes it one of cheapest SIPP tax wrappers in the market.

Solo SIPP is one of four SIPP solutions offered by @SIPP. It sits alongside Solo SIPP+, Collective SIPP and Full SIPP products.

Applications must be received by 2pm Friday 29 March for the offer to be valid and apply to the Solo SIPP only.

@sipp managing director Eddie McGuire said: “In a SIPP market that’s continually changing and shifting we remain a reliable constant and have done so since 2001. We think this limited time offer on our Solo SIPP offers great value for advised clients at a time when inflation is biting, and prices are rising.”

The Solo SIPP can be upgraded to any of the company’s other SIPPs at any time and it is free to transfer client funds in, free to contribute and free to invest within the wrapper.