Home| Last updated | 26th August 2011 |
|---|---|
Charges | VAT is charged on fixed fees not percentage based fees |
| Initial/Set up fee | None |
| Annual fee | None for more than 2,400 funds or cash A number of funds are subject to a platform fee of £1 or £2 per month 0.5% (capped at £200 per year) if investing in shares, investment trusts, ETFs, gilts, bonds and a small number of funds |
| Transfer in fee | None |
| Transfer out fee | £75 to a UK pension scheme £250 to an overseas pension scheme |
| In-specie transfer in fee | Not available |
| Income Drawdown | Initial fee: £0 Ongoing: £75 each GAD calculation |
| Additional Income Drawdown fees | Flexible Drawdown initial fee, £295 Alteration to income, £10 Ad hoc payments, £25 |
| Annuity purchase fee | Free if purchased through Hargreaves Lansdown £150 if not purchased through Hargreaves Lansdown |
| Payment of death benefits fee | £150 |
| Other fees | Online dealing: For funds, none For shares, £11.95 per deal for 0 - 9 deals per month, £8.95 per deal for 10 - 19 deals per month, £5.95 per deal for 20 deals per month and over Telephone dealing: For funds, none For shares, 1% (min £20, max £50) Other dealing costs: Foreign share dealing £5 in addition to the fees above Hedge funds (where available), 1% minimum £100 Excess fund repayment, £75 Pension splitting on divorce, £150 Triviality payment, £150 Transfer out to a UK pension scheme, £75 Transfer out to an overseas pension scheme, £250 |
Management | |
| Access: Direct or via IFA | Direct only |
Online capability | |
| Details | Online acess for member for valuations, dealing, transaction history, additional payments and research |
Permitted Investments | |
| Commercial property | No |
| Unit trusts & OEICS | Yes, via in house platform only |
| External deposit accounts | No |
| Overseas listed stock and shares | Yes, limited to in house platform and shares quoted in Dow 30, Nasdaq 100, S&P 500 and European top 300 |
| UK listed stocks and shares | Yes, via in house platform only |
| AIM shares | Yes, via in house platform only |
| 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 | No |
| National Savings & Investments | No |
| Unlisted shares | No |
| Structured products | No |
| Trustee Investment Plans | No |
| Insurance company funds | No |
| Hedge funds | Yes, limited choice |
| 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 |
| Other fees | N/A |
SIPP Bank Account | |
| SIPP bank account provider | Banks not specifically named, split between a minimum of 5 banking institutions |
| Current interest rate | £0 - £999 0% £1,000 - £6,999 0.05% (on this tier only) £7,000 - £49,999 0.1% (on this tier only) £50,000+ 0.25% (on this tier only) |
Structure | |
| Scheme trustees | Hargreaves Lansdown Pensions Trustees Limited |
| Scheme administrator | Hargreaves Lansdown Asset Management Limited |
Minimum contributions | |
| Regular payments | £50 per month |
| Transfers/Single Premiums | £5,000 transfer £1,000 single premium |
| Min additional | TBC |
Company Information | |
| Ownership | Publically owned company |
| Year established | 1972 |
| Funds under management | £22.3 billion across all products |
| Number of SIPPs administered | Not known |
Transfers | |
| Accepts benefits from defined benefit / final salary schemes? | Yes, requires advice |
Misc | |
| Flexible Drawdown offered | Yes |
| Notes |
