Last updated31st August 2018

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Charges

Charges (except dealing charges) are subject to VAT although shown excluding VAT
Initial/Set up feeNone
Annual feeNone
Transfer in feeNone
Transfer out feeCash transfer, £75

In-specie transfer, £75 plus £25 per holding (no VAT)

To a QROPS, £250
In-specie transfer in feeNone
Taking BenefitsFlexi-access or capped drawdown administration charge covering all regular income payments, £100 pa, nil if no income taken

One off income payments via flexi-access drawdown, £25

Put additional funds into flexi-access drawdown - per tranche, £75

Regular UFPLS payments, £100 pa

One off UFPLS, £25

Capped drawdown reviews, £75

Closure of SIPP through flexi-access drawdown or UFPLS within 12 months of opening SIPP, £295
Annuity purchase fee£150
Payment of death benefits feeTime costed, minimum charge expected to be £250
Other feesCustody charges:

Cash, no charge

Shares (including investment trusts, ETFs, gilts and bonds), 0.25% (maximum £25 per quarter)

Funds (including unit trusts, OEICs and structured products):

First £0 - £250,000 0.25%

Next £250,000 - £1m 0.10%

Next £1m - £2m 0.05%

Value over £2m no charge

Dealing fees:

Online dealing charges (excluding funds):

0 - 9 deals in the previous month, £9.95 (no VAT is charged)

10 plus deals in the previous month, £4.95 (no VAT is charged)

Online dealing charges (funds), £1.50 per deal

Telephone dealing charges, £29.95 (no VAT is charged) per deal

Deals where Youinvest is required to complete a paper application and pre fund the cost, £100

International dealing and foreign currency funds, 1.00%

Regular investments online, £1.50

Other fees:

Pensions Sharing order, time costed, minimum £250

CHAPS payments, £25

Disinvestment to cover charges, £29.95 per holding(no VAT)

Dividends on corporate action payments - foreign exchange charge, 0.50% (no VAT)

Management

Access: Direct or via IFADirect only

Online capability

DetailsFull online access

Permitted Investments

Commercial property
Overseas property
Unit trusts & OEICSIn house platform only
External deposit accounts
Overseas listed stock and sharesVia a limited range of stockbrokers. Youinvest offers a limited number of US and European quoted shares. The list of available shares does change so clients will need to check with the Youinvest Dealing Services if they wish to invest in a particular share
UK listed stocks and sharesVia in-house dealing platform
AIM sharesVia in-house dealing platform
Gilts/corporate bondsVia in-house dealing platform
ETFsVia in-house dealing platform
Investment trusts
Via in-house dealing platform
Discretionary management
National Savings & Investments
Unlisted shares
Structured products
Trustee Investment Plans
Insurance company 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
Other feesN/A

SIPP Bank Account

SIPP bank account providerBank of Scotland
Current interest rate<£10,000, 0%
£10,000 - £50,000, 0.05%
£50,000 plus, 0.10%

Structure

Scheme trusteesYouinvest Trustees Limited
Scheme administratorAJ Bell Management Ltd

Minimum contributions

Regular paymentsNo minimum
Transfers/Single PremiumsNo minimum
Min additionalNo minimum

Company Information

OwnershipAJ Bell is privately owned by its management team and two institutional investors, namely Invesco Perpetual and Seneca Investment Managers. For further information click here
Year established1995
Funds under management£42 billion
Number of SIPPs administered183,400
Defaqto ratingThree Stars

Transfers

Accepts benefits from defined benefit / final salary schemes?
Yes, advised only

Misc

Flexible Drawdown offeredYes
Scheme Pension offeredNo
Notes

Need advice on your SIPP?

Contact our team of SIPP specialists today:

0115 933 8433

info@investmentsense.co.uk

Online enquiry form

Youinvest

Youinvest is part of AJ Bell.

AJ Bell was established in 1995, has funds under management of in excess of £26.1 billion and administers over 120,550 SIPPs.

AJ Bell is privately owned by its management team and three institutional investors, namely, Woodford Investment Management, Invesco Perpetual and Seneca Investment Managers.

The Youinvest SIPP is only available direct. It has no minimum, regular or lump sum contribution level.

The Youinvest SIPP is predominantly used by investors to buy funds and directly-held securities such as shares, corporate bonds and gilts. It does not allow direct investment into property or external deposit accounts, however this can be accessed via Investcentre (available through financial advisers only) or AJ Bell Platinum, Youinvest’s sister companies.

The mandated SIPP bank account is held with Bank of Scotland which currently attracts 0.05% interest on balances above £50,000.