Last updated21 May 2019

Charges

Charges are subject to VAT although shown excluding VAT
Initial/Set up feeNone
Annual fee'Savings' SIPP Account £210 pa - Standard account
'Savings' SIPP Account £350 pa - Inclusive account

'Income' SIPP Account £285 pa - Standard account
'Income' SIPP Account £440 pa - Inclusive account

Child SIPP Account £80 per annum
Transfer in feeCash transfer, nil

Transfer from maturing employee share scheme, £15 per investment
Transfer out feeUp to age 55 - 1% of transfer value (max £150)
Over 55 - no charge
In-specie transfer in fee£500 per investment
Taking BenefitsNo further charges once the 'Income' Account utilised on first crystallisation event or regular UFPLS taken.

One off UFPLS payment, £40
Annuity purchase feeUp to age 55 - 1% of transfer value (max £150)
Over 55 - no charge
Payment of death benefits fee£200
Other feesPurchase / sale online, with no loyalty discount, £9.99

Loyalty discount based on age of account for online dealing:

5-10 years, £8.99

11-15 years, £8.49

16-20 years, £7.99

20years+, £7.49

Purchase / sale via telephone, £50

Purchase / sale via post, £50

Automatic regular dealing by direct debit (per investment & set up online), £1.50

Half-yearly valuation and statement, £25

One off valuation, £10

Paper duplicate of any document already issued, either online or paper, £15

Implementation of pension sharing order, £200

CHAPs payment, £20 per payment

Management

Access: Direct or via IFABoth

Online capability

DetailsFull online functionality

Permitted Investments

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

Property purchase

Not permitted
Purchase feeN/A
Sale feeN/A
Annual property administration feeN/A
VAT registration feeN/A
VAT return feesN/A
Lease renewal / new lease feeN/A
Other feesN/A

SIPP Bank Account

SIPP bank account providerHeld by Alliance Trust Savings Ltd who bank with Royal Bank of Scotland
Current interest rate0%

Structure

Scheme trusteesAlliance Trust Savings Ltd
Scheme administratorAlliance Trust Savings Ltd

Minimum contributions

Regular payments£50 per month
Transfers/Single PremiumsNo minimum
Min additionalNo minimum

Company Information

OwnershipWholly owned subsidiary of Alliance Trust plc
Year established1986
Funds under management£14.6bn assets under management
Number of SIPPs administeredover 100,000 clients
Defaqto RatingNo rated

Transfers

Accepts benefits from defined benefit / final salary schemes?No

Misc

Flexi-Access Drawdown/ UFPLS offeredYes
Scheme Pension offeredYes
Notes

Need advice on your SIPP?

Contact our team of SIPP specialists today:

0115 933 8433

info@investmentsense.co.uk

Online enquiry form

Alliance Trust SIPP

Alliance Trust plc was established in 1986 and currently has over 100,000 clients with over £14.6 billion of funds under management.

Alliance Trust Savings offer a SIPP which is available direct or via an Independent Financial Adviser (IFA).

The Alliance Trust SIPP is platform based and does not allow investment directly into commercial property. However, it does allow investment into a wide range of assets, for example, stocks and shares, gilts, and corporate bonds through the in house platform.

The minimum monthly contribution to the Alliance Trust Select SIPP is £50; however there is no minimum transfer or lump sum payment.

Any uninvested cash in the Alliance Trust SIPP is held by Alliance Trust Savings, who bank with Royal Bank of Scotland. No interest is payable.

There are two options for Account charges: Inclusive or Standard.

The Inclusive option is designed for people who expect to buy or sell investments fairly frequently. It lets you do this online up to 35 times a year at no additional dealing cost. If we have to sell investments from our account to cover the cost of any charges that are due to us or to your Adviser this will count towards your total of 35 inclusive trades.

The Standard option is designed for people who don’t expect to buy and sell investments very often. With this option, you have 4 online trades included each year (does not apply to child accounts) and for any additional trades you pay a Dealing Service charge every time you buy or sell an investment. Online trades does not include regular online dealing or dividend reinvestment trades.