Home| Last updated | 26th August 2011 |
|---|---|
Charges | VAT is not charged on these fees unless stated |
| Initial/Set up fee | Depends on which 'ring' of investments are chosen (see notes below) Inner ring investments: £0 initial fee Middle ring investments: £0 initial fee Outer ring investments: £326 initial fee |
| Annual fee | Depends on which 'ring' of investments are chosen (see notes below) Inner ring investments: £0 annual fee Middle ring investments: £224 if less than £100,000 held on Standard Life platforms, £112 if between £100,000 and £250,000 is held on Standard Life platforms and £0 if more than £250,000 is held on Standard Life platforms Outer ring: £448 if less than £100,000 is held on Standard Life platforms, £280 if between £100,000 and £250,000 is held on Standard Life platforms, £168 of between £250,000 and £500,000 is held on Standard Life platforms and £0 if more than £500,000 is held on Standard Life platforms |
| Transfer in fee | None |
| Transfer out fee | None |
| In-specie transfer in fee | £255 |
| Income Drawdown | Initial: Between £0 and £175 depending on investments chosen Ongoing: Between £100 and £135 depending on investments chosen |
| Additional Income Drawdown fees | None |
| Annuity purchase fee | None |
| Payment of death benefits fee | None |
| Other fees | Transaction charges (excluding Stocktrade) for outer ring investments, £11.54 per transaction, capped at £300 per annum Stocktrade charge, Standard Life charge £11 (not included in the capped amount) & Stocktrade's charges 0.3% but collared & capped, £20 & £50 per transaction Admin charge when age 75 is reached - £224 Discretionary Investment Manager charge £280 per year |
Management | |
| Access: Direct or via IFA | Both |
Online capability | |
| Details | Full online functionality, including the ability to buy and sell assets, and obtain valuation |
Permitted Investments | |
| Commercial property | Yes |
| Unit trusts & OEICS | Yes, via Standard Life Fundzone, Fidelity FundsNetwork and Standard Life's Sigma platform |
| External deposit accounts | Yes, unrestricted access to all 'sippable' deposit accounts |
| Overseas listed stock and shares | Yes, via Stocktrade |
| UK listed stocks and shares | Yes, via Stocktrade |
| AIM shares | Yes, via Stocktrade |
| Gilts/corporate bonds | Yes, via Stocktrade |
| ETFs | Yes, via Stocktrade |
| Investment trusts & REITS & EPUTS | Yes, via Stocktrade |
| Discretionary management | Yes |
| National Savings & Investments | Yes |
| Unlisted shares | Yes |
| Structured products | Yes |
| Trustee Investment Plans | Yes |
| Insurance company funds | Yes |
| Hedge funds | Yes |
| Traded endowment plans | Yes |
Property purchase | |
| Purchase fee | £700 per property (VAT is not charged on this fee) |
| Sale fee | £593 per property (VAT is not charged on this fee) On sale of the property an additional £150 plus VAT is payable to the property manager |
| Annual property administration fee | Between £415 and £465 plus VAT depending on which property manager is chosen Plus property administration charge of £215 per property per year (VAT is not charged on this fee0 |
| VAT registration fee | Nil |
| VAT return fees | £119 (VAT is not charged on this fee) per property per year |
| Other fees | Mortgage administration charge £161 per property per year (VAT is not charged on this fee) Multi member charge (2-5 members) £49 per member, per property each year, (VAT is not charged on this fee) Multi member charge (6+ members) £98 per member, per property each year (VAT is not charged on this fee) |
SIPP Bank Account | |
| SIPP bank account provider | HSBC |
| Current interest rate | 0.6% |
Structure | |
| Scheme trustees | Standard Life Trustee Company |
| Scheme administrator | Standard Life Assurance Limited |
Minimum contributions | |
| Regular payments | £300 per month |
| Transfers/Single Premiums | £10,000 |
| Min additional | None |
Company Information | |
| Ownership | Owned by Standard Life |
| Year established | 1825 |
| Funds under management | £192 billion accross the whole company as at 30/09/2010 |
| Number of SIPPs administered | 78,300 |
Transfers | |
| Accepts benefits from defined benefit / final salary schemes? | Yes, if IFA advised |
Misc | |
| Flexible Drawdown offered | To be introduced later in 2011 |
| Notes | The Standard Life Active Money SIPP works on the basis of 'rings' each ring carries different charges (as outlined above) and allows different investments, as follows: Inner ring: 170+ pension funds and a SIPP bank account Middle ring: mutual funds via Standard Life's Fundzone and Sigma platforms and three fixed rate bank accounts Outer ring: full self investment options |
