AJ Bell Youinvest SIPP
Last updated: 14th August 2023
Charges Charges (except dealing charges) are subject to VAT although shown excluding VAT
Initial/Set up fee
None
Annual fee
None
Transfer in fee
None
Transfer out fee
Cash transfer, Nil
In-specie transfer, £9.95 per holding (no VAT)
To a QROPS, £250
In-specie transfer in fee
None
Taking Benefits
Accessing your pension by flexi-access drawdown or pension lump sums, nil
Capped drawdown charges
- One-off payment of a tax free lump sum or income payment £25
– Regular income drawdown payments £100 pa
– Crystallised funds where no income is paid, nil
– Review of capped drawdown (triennial/annual reviews/and reviews when additional funds are moved into drawdown) £75
Annuity purchase fee
£150
Payment of death benefits fee
Time costed, minimum charge £250
Other fees
Custody charges:
Cash, no charge
Shares (including investment trusts, ETFs, gilts and bonds), 0.25% (maximum £10 pm)
Funds (including unit trusts, OEICs and structured products):
First £0 - £250,000 0.25%
Next £250,000 - £500,000 0.10%
Over £500,000 - Nil
Dealing fees:
Online dealing charges (excluding funds):
0 - 9 deals in the previous month, £9.95
10 plus deals in the previous month, £4.95
Regular investments online, £1.50 per deal
Telephone dealing charges, £29.95 per deal
Deals where Youinvest is required to complete a paper application and pre fund the cost, £100
International dealing and foreign currency funds, up to 0.75%
Other fees:
CHAPS payments, £25
Disinvestment to cover charges, £9.95 per holding(no VAT)
Dividends on corporate action payments - foreign exchange charge, 0.50% (no VAT)
Management
Access: Direct or via IFA
Direct only
Online capability
Details
Full online access
Permitted Investments
Commercial property
Overseas property
Unit trusts & OEICS
In house platform only
External deposit accounts
Overseas listed stock and shares
Via 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 shares
Via in-house dealing platform
AIM shares
Via in-house dealing platform
Gilts/corporate bonds
Via in-house dealing platform
ETFs
Via 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
Third party loans
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
N/A
SIPP Bank Account
SIPP bank account provider
Various
Current interest rate
£0–£10,000: 2.95%
Above £10,000: 3.45%
Structure
Scheme trustees
Youinvest Trustees Limited
Scheme administrator
AJ Bell Management Ltd
Minimum contributions
Regular payments
No minimum
Transfers/Single Premiums
No minimum
Min additional
No minimum
Company Information
Ownership
AJ Bell is a public limited company, listed on the Main Market of the London Stock Exchange.
Year established
1995
Funds under management
£70.4 billion across AJ Bell group
Number of SIPPs administered
480,000 total customers across the AJ Bell group
Defaqto rating
Five Stars
Transfers
Accepts benefits from defined benefit / final salary schemes?
Yes, advised only
Misc
Flexible Drawdown offered
Yes
Scheme Pension offered
No
Notes
Disclaimer
The information within this section is for your general information purposes only and does not constitute investment advice. It is not an offer to purchase or sell any particular asset and it does not contain all of the information which an investor may require in order to make an investment decision. Please obtain professional advice before entering into any new arrangement. Although endeavours have been made to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of the information of this site.