Last updated3rd October 2016


Charges are subject to VAT although shown excluding VAT
Initial/Set up fee£425
Annual fee£480
Transfer in fee£75 per cash transfer
Transfer out fee£75 per cash transfer
In-specie transfer in fee£250 (which replaces the £75 transfer in charge) plus:

Re-registration of unit trusts and OEICs, £50 per investment holding

Transfer of an investment account, within the terms of a discretionary or non discretionary inestment agreement, where all assets are held in the nominee name, £225 per account

Assisgnments for insurance policies, £225 per deed.

Property transfers in are charged for as a property purchase
Taking BenefitsSet up flexi-access drawdown, including payment of any lump sum, £150

One off UFPLS payment, £150 per payment

additional fund designation to existing drawdown, £150

Income withdrawal, including PAYE, £15 per month

Income withdrawal reviews, £150 per review

convert from capped drawdown to flexi-access drawdown, £75

Closure of account through flexi-access drawdown or UFPLS, £250
Annuity purchase fee£75
Payment of death benefits feeTime costed
Other feesInvestment related fees:

Investment transaction (e.g. purchase or sale of Unit Trusts, OEICs, Trustee Investment Plans etc), £30 per transaction

Bank account set up fee, £50

SMPI illustration, £50

Other fees:

Telegraphic transfer of funds, £25

Faster payment, £15


Access: Direct or via IFABoth

Online capability

DetailsThe AJ Bell Platinum SIPP is a traditional, bespoke product. While offering limited online functionality (the website offers access to contact information and literature), there is freedom to choose an investment manager or deposit account from the open market, offering the opportunity to access significant online functionality

Permitted Investments

Commercial property
Overseas property
Unit trusts & OEICSAll platforms allowed
External deposit accountsUnrestricted access to all 'sippable' deposit accounts
Overseas listed stock and sharesAll stockbrokers allowed
UK listed stocks and sharesAll stockbrokers allowed
AIM sharesAll stockbrokers allowed
Gilts/corporate bondsAll stockbrokers allowed
ETFsAll stockbrokers allowed
Investment trustsAll stockbrokers allowed
Discretionary managementUnrestricted access
National Savings & Investments

Unlisted shares

Investment in unquoted trading company shares is not permitted.

Investment in investment vehicles that have been established using an unquoted share structure may be permitted subject to review
Structured products
Trustee Investment Plans
Insurance company funds
Hedge funds
Traded endowment plans
Intellectual property
Brands / Trademarks
Third party loans

Property purchase

Purchase fee£750 per property
Sale fee£400 per property

Additional £100 if property which is sold is held jointly
Annual property administration fee£420 per property

VAT registration fee£120
VAT return fees£180
Other feesLoan arrangement fee, £350

£120 loan administration fee (per loan)

Loan repayment, £100

Joint property purchase, £150 per member

New lease / lease renewal, £250

SIPP Bank Account

SIPP bank account providerBank of Scotland
Current interest rate0.00%


Scheme trusteesAJ Bell (PP) Trustees
Scheme administratorAJ Bell Management Limited

Minimum contributions

Regular paymentsNo minimum
Transfers/Single PremiumsNo minimum
Min additionalNo minimum

Company Information

OwnershipAJ Bell is a public limited company, listed on the Main Market of the London Stock Exchange.
Year established1995
Funds under management£46.1 billion
Number of SIPPs administered197,900
Defaqto ratingFour Stars


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


Flexible Drawdown offeredYes
Scheme Pension offeredNo

Need advice on your SIPP?

Contact our team of SIPP specialists today:

0115 933 8433

Online enquiry form

AJ Bell Platinum SIPP

AJ Bell was established in 1995, has funds under management of in excess of £28 billion and administers over 131,174 SIPPs.

AJ Bell is a public limited company, listed on the Main Market of the London Stock Exchange.

AJ Bell has won an array of prestigious industry awards, recognising its reputation as a provider of leading platforms, products and services.

The Platinum SIPP from AJ Bell is available direct and via financial advisers, allows investors to access a wide range of different types of investment, including shares, collectives, and commercial property.

There is no minimum contribution level for lump sum, regular or transfer payments. The mandated SIPP bank account is held with Bank of Scotland. Whilst this account currently pays no interest, investors can access any other SIPP deposit account via the SIPP.