Home| Last updated | 26th August 2011 |
|---|---|
Charges | Charges are subject to VAT although shown excluding VAT |
| Initial/Set up fee | None |
| Annual fee | 0.25% of the value of the SIPP twice a year, taken on or around the first business day of June and December. Subject to a minimum of £40, and a maximum of £100, per collection |
| Transfer in fee | None |
| Transfer out fee | £75 plus £35 per holding |
| In-specie transfer in fee | Nil |
| Income Drawdown | Initial: None Ongoing: £150 per year up to the age of 75 £250 per year after the age of 75 |
| Additional Income Drawdown fees | £75 additional withdrawal tranches Insufficient funds to pay benefits £25 Flexible Drawdown registration £75 Closing SIPP through Flexible Drawdown or Triviality payment £75 |
| Annuity purchase fee | £75 |
| Payment of death benefits fee | Time costed, indicative average £350 |
| Other fees | |
Management | |
| Access: Direct or via IFA | Direct only |
Online capability | |
| Details | Full online access to valuation, research tools, trades and contributions |
Permitted Investments | |
| Commercial property | Not permitted |
| Unit trusts & OEICS | Yes, only available via TD Waterhouse platform |
| External deposit accounts | No |
| Overseas listed stock and shares | Yes, only available via TD Waterhouse platform |
| UK listed stocks and shares | Yes, only available via TD Waterhouse platform |
| AIM shares | Yes, only available via TD Waterhouse platform |
| Gilts/corporate bonds | Yes, only available via TD Waterhouse platform |
| ETFs | Yes, only available via TD Waterhouse platform |
| Investment trusts | Yes, only available via TD Waterhouse platform |
| Discretionary management | No |
| National Savings & Investments | No |
| Unlisted shares | No |
| Structured products | No |
| Trustee Investment Plans | No |
| Insurance company funds | No |
| Hedge funds | Yes, if listed on the London Stock Exchange |
| 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 | |
SIPP Bank Account | |
| SIPP bank account provider | Royal Bank of Scotland |
| Current interest rate | 1% below Bank of England base rate, subject to a minimum of 0% |
Structure | |
| Scheme trustees | SIPPdeal Ltd Trustees Limited |
| Scheme administrator | AJ Bell Management Ltd |
Minimum contributions | |
| Regular payments | £50 per month |
| Transfers/Single Premiums | £500 single premium £1,000 transfer |
| Min additional | As above |
Company Information | |
| Ownership | TD Waterhouse are a Subsidiary of Toronto Dominion Bank Financial Group AJ Bell are a privately owned company |
| Year established | TD Waterhouse 1997 in the UK AJ Bell Group 1995 |
| Funds under management | TD Waterhouse 33.77 billion AJ Bell £15.1 billion across the entire group |
| Number of SIPPs administered | AJ Bell run approximately 55,000 SIPPs |
Transfers | |
| Accepts benefits from defined benefit / final salary schemes? | Yes, providing advice has been recieved by an IFA |
Misc | |
| Flexible Drawdown offered | Yes |
| Notes |
