Last updated12th March 2013

Reviews

Read reviews for the TD Direct Investing SIPP

Charges

Charges are subject to VAT although shown excluding VAT
Initial/Set up feeNone
Annual fee0.25% of the value of the SIPP every six months, 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 feeNone
Transfer out fee£75 plus £35 per holding
In-specie transfer in feeNil
Income DrawdownInitial: 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

Flexible Drawdown registration £75

Closing SIPP through Flexible Drawdown or Triviality payment £75
Annuity purchase fee£75
Payment of death benefits feeTime costed, indicative average £350
Other fees

Management

Access: Direct or via IFADirect only

Online capability

DetailsFull online access to valuation, research tools, trades and contributions

Permitted Investments

Commercial property
Unit trusts & OEICSOnly available via TD Waterhouse platform
External deposit accounts
Overseas listed stock and sharesOnly available via TD Waterhouse platform
UK listed stocks and sharesOnly available via TD Waterhouse platform
AIM sharesOnly available via TD Waterhouse platform
Gilts/corporate bondsOnly available via TD Waterhouse platform
ETFsOnly available via TD Waterhouse platform
Investment trustsOnly available via TD Waterhouse platform
Discretionary management
National Savings & Investments
Unlisted shares
Structured products
Trustee Investment Plans
Insurance company funds
Hedge fundsIf listed on the London Stock Exchange
Traded endowment plans

Property purchase

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

SIPP Bank Account

SIPP bank account providerRoyal Bank of Scotland
Current interest rate1% below Bank of England base rate, subject to a minimum of 0.10%

Structure

Scheme trusteesSIPPdeal Ltd Trustees Limited
Scheme administratorAJ Bell Management Ltd

Minimum contributions

Regular payments£50 per month
Transfers/Single Premiums£500 single premium
£1,000 transfer
Min additionalAs above

Company Information

OwnershipTD Waterhouse are a Subsidiary of Toronto Dominion Bank Financial Group

AJ Bell are a privately owned company
Year establishedTD Waterhouse 1997 in the UK

AJ Bell Group 1995
Funds under managementTD Waterhouse 33.77 billion

AJ Bell £15.1 billion across the entire group
Number of SIPPs administeredAJ 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 offeredYes
Notes

Need advice on your SIPP?

Contact our team of SIPP specialists today:

0115 933 8433

info@investmentsense.co.uk

Online enquiry form

TD Direct Investing

TD Waterhouse was established in 1997 in the UK and offers a range of investment solutions including a Self Invested Personal Pension (SIPP).

TD Waterhouse has received awards from YourMoney, Shares Awards, Financial Times, Investors Chronicle Investment Awards, The City of London Wealth Management Awards 2012 and most recently ‘Best Online International Share Dealing Service’ from MoneyAM Awards 2012.

A range of assets can be bought in the TD Waterhouse SIPP, including unit trusts, OEICs, shares, corporate bonds, gilts, ETFs and investment trusts. However, other popular assets such as deposit accounts, commercial property and structured products cannot be held in their SIPP.

The TD Waterhouse SIPP is only available direct; it is not available through IFAs (Independent Financial Advisers).

The minimum contribution to open a TD Waterhouse SIPP is £50 per month or a lump sum of £500 or transfer of £1,000.

The mandated SIPP bank account is held with Royal Bank of Scotland and it currently pays no interest whatsoever.