Home| Last updated | 23rd August 2011 |
|---|---|
Charges | Charges are not subject to VAT |
| Initial/Set up fee | 0.5%, although IFAs may be able to negotiate a reduction with AXA |
| Annual fee | A tiered charge is made dependent on fund size: 0.65% £0 to £49,999 0.60% £50,000 - £99,999 0.55% £100,000 - £249,999 0.50% £250,000 - £499,999 0.45% £500,000 - £749,000 0.40% £750,000 - £999,999 0.35% £1,000,000 - £1,499,999 0.22% £1,500,000 - £4,999,999 0.14% £5,000,000: |
| Transfer in fee | None |
| Transfer out fee | None |
| In-specie transfer in fee | None |
| Income Drawdown | Initial: None Ongoing: £20 per quarter |
| Additional Income Drawdown fees | None |
| Annuity purchase fee | None |
| Payment of death benefits fee | None |
| Other fees | £12.50 per trade (buy or sell) on Self Trade |
Management | |
| Access: Direct or via IFA | Via IFA only |
Online capability | |
| Details | Read only access to member, IFA has significantly more functionality. |
Permitted Investments | |
| Commercial property | Yes |
| Unit trusts & OEICS | Yes, in house platform (Elevate) only |
| External deposit accounts | No |
| Overseas listed stock and shares | Yes, via Self Trade |
| UK listed stocks and shares | Yes, via Self Trade |
| AIM shares | No |
| Gilts/corporate bonds | Yes, via Self Trade |
| ETFs | Yes, via Self Trade |
| Investment trusts | Yes, via Self Trade |
| Discretionary management | Yes, wide range of Discretionary Managers available |
| National Savings & Investments | No |
| Unlisted shares | No |
| Structured products | No |
| Trustee Investment Plans | No |
| Insurance company funds | Yes |
| Hedge funds | No |
| Traded endowment plans | No |
Property purchase | No |
| Purchase fee | N/A |
| Sale fee | N/A |
| Annual property administration fee | N/A |
| VAT registration fee | N/A |
| VAT return fees | N/A |
| Other fees | N/A |
SIPP Bank Account | |
| SIPP bank account provider | Royal Bank of Scotland |
| Current interest rate | 0.5% (equivalent to Bank of England base rate) |
Structure | |
| Scheme trustees | AXA Sun Life |
| Scheme administrator | AXA Sun Life |
Minimum contributions | |
| Regular payments | £100 per month |
| Transfers/Single Premiums | £1,000 |
| Min additional | As above |
Company Information | |
| Ownership | AXA |
| Year established | 2007 |
| Funds under management | £2bn |
| Number of SIPPs administered | Not disclosed |
Transfers | |
| Accepts benefits from defined benefit / final salary schemes? | Yes, if IFA advised |
Misc | |
| Flexible Drawdown offered | No, plans to introduce this option |
| Notes |
