All charges will be deducted from your SIPP. You must always ensure that there is sufficient cash in your account to cover our charges and any pension, lump sum or other payments when they are due for payment. VAT is only applicable where indicated.
Platform ongoing service charge – The platform ongoing service charge is calculated based on the average value of your account each month and collected the following month. For new accounts opened during the month, the charge will be applied on a pro rata basis from the date of account opening to the end of the month. For accounts closed in a month, the charge will be applied on a pro rata basis from the beginning of the month to the date the account is closed. This charge is subject to a minimum of £10 per month.
Pension administration charges – The pension administration charges are payable to Gaudi Regulated Services Limited who are the administrators of the SIPP. Please refer to the MyExpatSIPP Terms & Conditions for full details of fees, charges and expenses payable to Gaudi Regulated Services Limited. This “SIPP Account - Charges schedule” forms part of those Terms & Conditions. *The pension administration charges are subject to VAT for EU residents only.
Buying and selling investments – The investments that you choose may have their own initial and annual charges, in addition to our dealing and platform charges. Dealing charges apply separately to purchases and sales and the dealing charge for each transaction will be shown on the contract note. Stamp duty of 0.50% applies on all purchases of UK quoted shares. The PTM (Panel on Takeovers and Merges) levy of £1.00 is payable on equity trades with a consideration of over £10,000 in securities of companies which are incorporated in the UK, Channel Islands or the Isle of Man. Additional government and local stock exchange charges are payable for certain international markets and will be added to your contract note.
If you are unsure about any of the charges, please contact us for full details.