Home| Last updated | 23rd August 2011 |
|---|---|
Charges | Charges are subject to VAT although shown excluding VAT |
| Initial/Set up fee | £395 |
| Annual fee | £450 per year where all investments are in a single Investment Account £550 per year in all other cases |
| Transfer in fee | £100 per cash transfer £100 per cash protected rights transfer Where a transfer includes both Protected and non Protected Rights separate transfer out fees will apply |
| Transfer out fee | £100 cash transfer £100 per cash protected rights transfer £100 asset transfer plus £50 per asset (excluding commercial property) £100 protected rights asset transfer plus £50 per asset Where a transfer includes both Protected and non Protected Rights separate transfer out fees will apply |
| In-specie transfer in fee | £100 plus £50 per asset (excluding property) £100 protected rights asset transfer plus £50 per asset Where a transfer includes both Protected and non Protected Rights separate transfer out fees will apply £600 in specie property transfer |
| Income Drawdown | Initial: £100 Ongoing: £150 per year |
| Additional Income Drawdown fees | Initial set up fee for Flexible Drawdown, £250 |
| Annuity purchase fee | £150 |
| Payment of death benefits fee | £250 |
| Other fees | In specie contribution, £500 Buying unquoted UK shares, £500 Selling unquoted UK shares, £250 Unquoted UK shares annual fee, £100 Setting up loans to third party company, £250 Loans to third party company annual fee, £150 Setting up borrowing by the SIPP, £250 Borrowing by SIPP annual fee, £100 |
Management | |
| Access: Direct or via IFA | Both |
Online capability | |
| Details | None at present |
Permitted Investments | |
| Commercial property | Yes |
| Unit trusts & OEICS | Yes, all platforms allowed |
| External deposit accounts | Yes, unrestricted access to all 'sippable' deposit accounts |
| Overseas listed stock and shares | Yes, all stockbrokers allowed |
| UK listed stocks and shares | Yes, all stockbrokers allowed |
| AIM shares | Yes, all stockbrokers allowed |
| Gilts/corporate bonds | Yes, all stockbrokers allowed |
| ETFs | Yes, all stockbrokers allowed |
| Investment trusts | Yes, all stockbrokers allowed |
| Discretionary management | Yes, unrestricted access |
| National Savings & Investments | Yes |
| Unlisted shares | Yes |
| Structured products | Yes |
| Trustee Investment Plans | Yes |
| Insurance company pension funds | Yes |
| Hedge funds | Yes |
| Traded endowment plans | Yes |
Property purchase | |
| Purchase fee | £600 per property |
| Sale fee | £600 per property If the property is owned jointly with another SIPP or individual an extra £500 will be charged |
| Annual property administration fee | £350 per property |
| VAT registration fee | £100 per property |
| VAT return fees | £200 per property |
| Other fees | For a property purchase involving more than one member the Purchase Fee will be increased by £100 for each additional member with a cap of £1,000 for five members or more Aborted auction purchases, £250 Setting up borrowing, £250 Annual loan administration fee, £100 Refinancing of existing borrowing, £250 Property insured under block policy, £0 Property not insured under block policy, £100 Granting of new lease, £250 Renewal of existing lease, £250 Property development or refurbishment Time costed |
SIPP Bank Account | |
| SIPP bank account provider | Cater Allen |
| Current interest rate | £1 - £100,000 0.10% £100,000 - £500,000 0.375% £500,000+ 0.50% |
Structure | |
| Scheme trustees | Alliance Trust Pensions Ltd |
| Scheme administrator | Alliance Trust Savings Ltd |
Minimum contributions | |
| Regular payments | None |
| Transfers/Single Premiums | None |
| Min additional | None |
Company Information | |
| Ownership | Alliance Trust plc |
| Year established | 1986 |
| Funds under management | £5.8bn assets under management |
| Number of SIPPs administered | 58,000 clients |
Transfers | |
| Accepts benefits from defined benefit / final salary schemes? | Yes, if IFA advised |
Misc | |
| Flexible Drawdown offered | Yes |
| Notes |
