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MyExpatSIPP charges

Simple. Fair. Transparent.

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

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.

The charges 

Our charge includes full support and guidance from our team to help you manage your pension and investments, as well as arranging the safe custody and administration of investments on our platform.

The MyExpatSIPP platform charge is tiered, based on the value of your account:

0.50%p.a.

on account values up to £250,000

0.35%p.a.

on account values between £250,000 and £1,000,000

0.18%p.a.

on account values over £1,000,000

Investment type Charge (per deal)
Unit Trusts & OEICs (Mutual Funds) £4.95
Shares, Exchange Traded Funds & Investment Trusts £11.95

 

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.

Set up and annual charges

Transaction Charge Notes
SIPP set up £200 Includes one transfer in. Deducted on receipt of the first transfer or contribution to the account
SIPP administration £50 Deducted quarterly in advance

 

Benefit payment charges

Transaction Charge Notes
Pension Commencement Lump Sum (PCLS) £200 Deducted for each PCLS payment
PCLS and ad-hoc income payment £250 Deducted when payments requested together
Standalone ad-hoc income payment £100  
Regular income payment £10 Deducted monthly
Uncrystallised Funds Pension Lump Sum (UFPPL) £250 Deducted for UFPLS payment
SIPP closure following full withdrawal £100 SIPP closure after 12 months of receipt of the first transfer or contribution
SIPP closure following full withdrawal after 12 months £500 SIPP closure within 12 months of receipt of the first transfer or contribution
Death claim processing £500 Deducted on the settlement of death benefits

 

Transfer charges

Transaction Charge Notes
Additional transfer in £75 For each additional transfer in
Cash transfer to a UK registered pension scheme £200 Deducted when making a full or partial transfer, including transfers made in accordance with divorce settlement orders
In-specie transfer to a UK registered pension scheme £500 Deducted when making a full or partial transfer, including transfers made in accordance with divorce settlement orders
Cash transfer to a QROPS £1,000 Deducted when making a full or partial transfer, including transfers made in accordance with divorce settlement orders
SIPP closure following full transfer out £100 SIPP closure after 12 months of receipt of the first transfer or contribution
SIPP closure following full transfer out after 12 months £500 SIPP closure within 12 months of receipt of the first transfer or contribution

 

Notes

SIPP administration charges are subject to VAT.

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.

Annual platform charge – The platform charge is calculated based on the average value of your account each month and collected the following month. For example, for account values less than £250,000 the monthly charge will be the average value x 0.5%/12. 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 £15 per month.

 

Transaction Charge Notes
ISA account opening £50 Deducted on receipt of the first transfer or contribution to the account
ISA account closure £50 Deducted when the account is closed due to a transfer out or full withdrawal
ISA withdrawal £15 Deducted for each withdrawal to your nominated bank account
Junior ISA account opening  £50 Deducted on receipt of the first transfer or contribution to the account
Junior ISA account closure  £50 Deducted when the account is closed due to a transfer out or full withdrawal
Junior ISA withdrawal  £15 Deducted for each withdrawal to your nominated bank account

 

 

Transaction Charge Notes
GIA account opening £50 Deducted on receipt of the first transfer or contribution to the account
GIA account closure £50 Deducted when the account is closed due to a transfer out or full withdrawal
GIA withdrawal £15 Deducted for each withdrawal to your nominated bank account

 

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