Last updated12th June 2014
1 College Square South, Anchor Road, Bristol, BS1 5HL

Click here to visit the Hargreaves Lansdown website

Reviews

Read reviews for the Hargreaves Lansdown Vantage SIPP

Links

Visit Hargreaves Lansdown's websiteVisit the Hargreaves Lansdown website

Download free guides

Guide to SIPPsSIPP Guide
Pension Changes 2014 - free fact sheetDownload free fact sheet - Pension Changes 2014
10 Costly Pension Mistakes10 Costly Pension Mistakes

Charges

VAT is charged on some fixed fees not percentage based fees
Initial/Set up feeNone
Annual feeFunds:

£0 - £250,000, 0.45%

£250,000 - £1,000,000, 0.25%

£1,000,000 - £2,000,000, 0.10%

Over £2,000,000, 0%

Shares, Investment Trusts, ETFs, Gilts & Bonds

0.45% per annum, capped at £200 per annum

Cash

No charge
Transfer in feeNone
Transfer out fee£75 to a UK pension scheme

£250 to an overseas pension scheme
In-specie transfer in feeNot available
Income Drawdown
Initial fee:

£0

Ongoing:

£75 each GAD calculation
Additional Income Drawdown fees
Flexible Drawdown initial fee, £295 + VAT

Alteration to income frequency, £10 + VAT

One off payments, £25 + VAT
Annuity purchase feeFree if purchased through Hargreaves Lansdown

£150 + VAT if not purchased through Hargreaves Lansdown
Payment of death benefits fee£295 + VAT
Other feesInvestment related fees - Fund dealing:

Online, phone or by post, £0

Investment related fees - Share dealing:

Online:

0 - 9 deals in the previous month, £11.95 per deal

10 – 19 deals in the previous month, £8.95 per deal

20 or more deals in the previous month, £5.95 per deal

Phone and post:

1%, subject to a minimum of £20 and a maximum of £50

Share dividend reinvestment:

1%, subject to a minimum of £20 and a maximum of £50

Equity regular savings:

£1.50 per stock per month

Other fees:

Excess fund repayment, £75 + VAT

Pension splitting on divorce, £295 + VAT

Triviality payment, £75 + VAT

Automated sales to cover charges, £1.50 per sale

6 monthly statement and valuation (paperless), £0

6 monthly statement and valuation (paper), £10 + VAT

Management

Access: Direct or via IFADirect only

Online capability

DetailsOnline acess for member for valuations, dealing, transaction history, additional payments and research

Permitted Investments

Commercial property
Overseas property
Unit trusts & OEICSVia in house platform only
External deposit accountsSubject to restrictions
Overseas listed stock and sharesVia in house platform only
UK listed stocks and sharesVia in house platform only
AIM sharesVia in house platform only
Gilts/corporate bondsVia in house platform only
ETFsVia in house platform only
Investment trustsVia in house platform only
Discretionary management
National Savings & Investments
Unlisted shares
Structured products
Trustee Investment Plans
Insurance company funds
Hedge fundsLimited choice
Traded endowment plans
Intellectual property
Brands / Trademarks
Goodwill
Third party loans

Property purchase

Purchase feeN/A
Sale feeN/A
Annual property administration feeN/A
VAT registration feeN/A
VAT return feesN/A
Other feesN/A

SIPP Bank Account

SIPP bank account providerBanks not specifically named, split between a minimum of 5 banking institutions
Current interest rate£0 - £999.99, 0%

£1,000 - £49,999.99 0.05% (on this tier only)

£50,000+ 0.10% (on this tier only)

Structure

Scheme trusteesHargreaves Lansdown Pensions Trustees Limited
Scheme administratorHargreaves Lansdown Asset Management Limited

Minimum contributions

Regular payments£50 per month
Transfers/Single PremiumsTotal combined transfer values must total at least £1,000

£500 single premium
Min additionalNo minimum

Company Information

OwnershipPublically owned company
Year established1972
Funds under managementApproximately £30 billion across all products
Number of SIPPs administeredNot known

Transfers

Accepts benefits from defined benefit / final salary schemes?
Yes, if IFA advised

Misc

Flexible Drawdown offeredYes
Scheme Pension offeredNo
Notes

Need advice on your SIPP?

The Investment Sense SIPP team

Contact our team of SIPP specialists today:

0115 933 8433

info@investmentsense.co.uk

Online enquiry form

Hargreaves Lansdown

Hargreaves Lansdown is based in Bristol and was established in 1981 by Peter Hargreaves and Stephen Lansdown. Now running the UK’s largest SIPP (Self Invested Personal Pension) the group has approximately £30 billion of funds under management in total.

The awards Hargreaves Lansdown has won include What Investment magazine’s ‘Best SIPP Provider’ and ‘Best Online Fund Service’ from MoneyAM Awards.

However, the Hargreaves Lansdown Vantage SIPP is perhaps not the most flexible SIPP available, for example it does not allow investment directly into commercial property and only allows access to a limited number of external bank accounts.

The Hargreaves Lansdown Vantage SIPP is only available to investors who buy directly.

The mandated bank account for the Hargreaves Lansdown Vantage SIPP is split between five institutions, with tiered rates of interest, all below the Bank of England Base Rate.