Open a SIPP Account
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Charges

Simple. Fair. Transparent.

One of our founding principles is to keep the charges for your pension simple, fair and transparent. We don't believe in taking hidden commission or confusing charges from your pension.

When others make it difficult to know exactly what you're paying, we make it simple and easy to understand so you know exactly where you stand.

NO HIDDEN CHARGES

NO ADVISER CHARGES

LOW ONGOING FEES

The SIPP account charges 

The annual charge for our platform service is tiered and based on the value of your account:

0.50%
 
on the first £500,000
0.35%
 
on the value between £500,000 and £1m
0.20%
 
on the value over £1m

Dealing charges

Investment type Fee
Unit Trusts and OEICs (Mutual Funds) £4.95 per deal
Shares, Exchange Traded Funds and Investment Trusts £11.95 per deal
Transaction Fee Notes
Account opening £200 Deducted after receipt of the first transfer or contribution
Account closure £200 Deducted when the account is closed due to a transfer out or full withdrawal
Early account closure £500 Deducted when the account is closed within 12 months of receipt of the first transfer or contribution

 

Transaction Fee Notes
Transfer in £50 Deducted for each transfer made to the SIPP
Annual administration £150 Deducted annually after the first transfer or contribution to the SIPP and on each subsequent anniversary
Flexi-access drawdown £150 Deducted annually on the first drawdown payment and on each subsequent anniversary
Uncrystallised Fund Pension Lump Sum £100 Deducted for each UFPLS payment
Transfer out £75 Deducted for a full or partial transfer, annuity purchase or closure via flexi-access drawdown

 

The investments you choose may have their own charges and other associated costs (e.g. charges levied by a fund manager, bid/offer spread, stamp duty). Please read the key information document for your chosen investment carefully.

There may be Government levies and taxes when you buy certain shares. For example, Stamp duty of 0.50% applies on all purchases (not sales) of UK quoted shares and there is a PTM (Panel on Takeovers and Mergers) levy of £1.00 that is payable on equity trades with a consideration over £10,000 in securities of companies which are incorporated in the UK, Channel Islands or the Isle of Man.

The annual platform charge is subject to a minimum of £10 per month.

The administration charges are paid to the scheme administrator for operating the pension scheme in line with HMRC and FCA rules and regulations. These charges are subject to VAT for EU residents.

Fees are automatically 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.

If you are unsure about any of the charges, please contact us for full details.

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