SIPPs
Tax Efficient Retirement Accounts†
TD SIPP (Trustee and Scheme Administrator: AJ Bell)
| Charge Details | Value |
|---|
| Initial Set Up Charge |
FREE |
| Administration Charge |
0.25% of the value of the SIPP twice a year on or around the first business day in June and December. Subject to a minimum of £40, and a maximum of £100, per collection + VAT |
| Pension Transfer in Charge |
FREE |
| Transfer In of Stock |
FREE |
| Transfer Out of Stock |
£35 per holding |
| Plan Transfer Out Fee |
£75 + VAT + £35 per holding |
| Income Drawdown |
Charge |
| Providing Income Drawdown until age 75 |
£150 per annum + VAT. The charge is payable even if you elect to take 'nil' income in any year |
| Providing Income Drawdown from age 75 |
£250 per annum + VAT |
| Additional Withdrawal Tranches |
£75 + VAT |
| Annuity Purchase |
£75 + VAT |
| Insufficient Funds to Pay Benefits |
£25 + VAT |
| Death Benefits Payment |
Time/cost basis (indicative average £350 + VAT) |
| Flexible Drawdown Registration |
£75 + VAT |
| Closing your SIPP through Flexible Drawdown or Trivial Commutation |
£75 + VAT |
| Interest Payable |
Charge |
| Interest on Sterling Cash Balances |
Bank of England Base Rate minus 1% (min 0%) |
| Interest on Foreign Currency Balances |
0% AER*** |
| (USD, CAD, EUR, HKD, AUD, SGD, SEK & CHF) |
|
† The tax treatment of these products depends on the individual circumstances of each customer and may be subject to change in the future.
Interest will be calculated on your credit balance on a daily basis and credited to your account on or around the 25th day of May and November in any one year.
SIPP Minimum Investment Amounts
| Payment Type | Amount |
|---|
| Regular Contributions |
£50 gross monthly |
| Single Contributions |
£500 gross |
| Transfer of existing Pension Plan(s) |
£1,000 |