Home| Self Invested Personal Pension Plan | VAT is not charged on these fees |
|---|---|
Charges | |
| Initial/Set up fee | Nil |
| Annual fee | 0.55% of the plan value exluding direct property and direct equity investments The annual management charge is reduced depending on the total plan value (excluding direct property and direct equity investments) as follows: £50,000 - £99,999 discount of 0.05% per year £100,000 - £249,999 discount of 0.10% per year £250,000 - £499,999 discount of 0.15% per year £500,000 and over discount of 0.20% per year |
| Transfer in fee | Nil |
| Transfer out fee | Nil |
| In-specie transfer in fee | Nil |
| USP fee | Nil |
| Benefits calculation fee | Nil |
| Annuity purchase fee | Nil |
| Payment of death benefits fee | Nil |
| Alteration to income fee | Nil |
| Other fees | Equity dealing charges based on the size of the deal: Up to £15,000, £25 £15,001 to £30,000, £35 Above £30,000, £50 Transfering shares in £10 per item |
Management | |
| Access: Direct or via IFA | Via IFA only |
Online capability | |
| Details | Member has read only access, IFA has greater online functionality including online dealing |
Permitted Investments | |
| Commercial property | Yes (via Suffolk Life) |
| Unit trusts & OEICS | Yes, only available via the Aviva platform, other platforms not allowed |
| External deposit accounts | No |
| Overseas listed stock and shares | No |
| UK listed stocks and shares | Yes, only available via the Aviva platform, other platforms not allowed |
| AIM shares | Yes, the majority of AIM shares can be purchased |
| Gilts/corporate bonds | No |
| ETFs | Yes, only available via the Aviva platform, other platforms not allowed |
| Investment trusts | No |
| Discretionary management | No |
| National Savings & Investments | No |
| Unlisted shares | No |
| Structured products | No |
| Trustee Investment Plans | No |
| Insurance company funds | No |
| Warrants/ CFDs (Contracts for difference) | |
| Hedge funds | No |
| Traded endowment plans | No |
Property purchase | via Suffolk Life |
| Purchase fee | Time costed, estimated at around £1,700 - £1,900 |
| Sale fee | £475 |
| Annual property administration fee | £340 |
| VAT registration fee | TBC |
| VAT return fees | £150 per property |
| Other fees | Annual property facility fee £100 Annual property management fee, time costed, estimated at around £700 per year Variation of proportion of property ownership, time costed estimated at around £500 - £700 |
SIPP Bank Account | |
| SIPP bank account provider | Royal Bank of Scotland |
| Current interest rate | 0.05% below Royal Bank of Scotland base rate |
Structure | |
| Scheme trustees | Aviva Pension Trustees UK Limited |
| Scheme administrator | Aviva Pension Trustees UK Limited |
Minimum contributions | |
| Regular payments | £300 per month / £3,600 per year |
| Transfers/Single Premiums | £10,000 |
| Min additional | £1,000 |
Company Information | |
| Ownership | Public company |
| Year established | Norwich Union were founded in 1797, the Aviva brand was launched in 2009 |
| Funds under management | Not given |
| Number of SIPPs administered | Not given |
Transfers | |
| Accepts DB transfers? | Yes |
Misc | |
| Flexible Drawdown offered | No |
| Notes |
