Home| Last updated | Fees applicable from 1st February 2012 |
|---|---|
Charges | Charges are subject to VAT although shown excluding VAT |
| Initial/Set up fee | None |
| Annual fee | £135 Annual child SIPP administration charge, £80 |
| Transfer in fee | £50 per cash transfer £50 per cash protected rights transfer Where a transfer includes both Protected and non Protected Rights separate transfer out fees will apply |
| Transfer out fee | £125 cash transfer Additional £15 per asset transferred £100 protected rights transfer Additional £15 per asset transferred 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: £200 Setting up additional tranches, £75 Ongoing: £150 per year |
| Additional Income Drawdown fees | Initial set up fee for Flexible Drawdown, £250 Setting up additional tranches of Flexible Drawdown, £75 £100 recalculation of income limits Alteration to income fee, £10 Tax free lump sum cheque payment, £10 Tax free lump sum in specie payment, £10 per investment transferred |
| Annuity purchase fee | £125 |
| Payment of death benefits fee | £200 |
| Other fees | Purchase / sale online, £12.50 Purchase / sale via telephone, £32.50 Purchase / sale via post, £32.50 Automatic dividend reinvestment, £5 Automatic regular dealing by direct debit, £5 Automatic regular dealing by direct debit (per investment & set up online), £1.50 Rights issue, new offer taken up, £25 Cash realised from takeovers, redemptions, conversions, reconstructions, liquidations and capital payments, £25 Conditional acceptance, or withdrawel of acceptance, for a takeover, £25 Voting and attendance service (per meeting), £25 Report and accounts service, per investment, per report, £5 Duplicate paper statement, valuation or tax certificate, £10 Ad hoc paper valuation, £25 Third party confirmation, £25 In specie contribution of shares from an employee share scheme, £15 per investment Tax free lump sum, cheque payment, £10 Tax free lump sum, in specie (per investment transferred), £15 Implementing pension sharing order, £150 Repayment of excess contribution, £50 Triviality payment charge, £100 Implementation of pension sharing order, £200 Repayment of excess contribution, £50 Non payment of charges, £25 |
Management | |
| Access: Direct or via IFA | Both |
Online capability | |
| Details | Full online functionality |
Permitted Investments | |
| Commercial property | No |
| Unit trusts & OEICS | Yes, via in house platform only |
| External deposit accounts | No |
| Overseas listed stock and shares | Yes, via in house platform only |
| UK listed stocks and shares | Yes, via in house platform only |
| AIM shares | Yes, with restrictions |
| Gilts/corporate bonds | Yes, via in house platform only |
| ETFs | Yes, via in house platform only |
| Investment trusts | Yes, via in house platform only |
| Discretionary management | Yes, limited panel of managers |
| National Savings & Investments | No |
| Unlisted shares | No |
| Structured products | No |
| Trustee Investment Plans | No |
| Insurance company pension funds | No |
| Hedge funds | No |
| Traded endowment plans | No |
Property purchase | Not permitted |
| Purchase fee | N/A |
| Sale fee | N/A |
| Annual property administration fee | N/A |
| VAT registration fee | N/A |
| VAT return fees | N/A |
| Lease renewal / new lease fee | N/A |
| Other fees | N/A |
SIPP Bank Account | |
| SIPP bank account provider | Held by Alliance Trust Savings Ltd who bank with Royal Bank of Scotland |
| Current interest rate | 0% |
Structure | |
| Scheme trustees | Alliance Trust Savings Ltd |
| Scheme administrator | Alliance Trust Savings Ltd |
Minimum contributions | |
| Regular payments | £50 per month |
| Transfers/Single Premiums | None |
| Min additional | None |
Company Information | |
| Ownership | Wholly owned subsidiary of Alliance Trust plc |
| Year established | 1996 |
| Funds under management | £5.8bn assets under management |
| Number of SIPPs administered | 58,000 clients |
Transfers | |
| Accepts benefits from defined benefit / final salary schemes? | No |
Misc | |
| Flexible Drawdown offered | Yes |
| Notes |
