Case Studies

Mr Smith opens a Select SIPP with £50,000 that he has received as a result of inheritance and wants to use the money to fund his retirement. He purchases 10,000 shares in Alliance Trust PLC at £3.20 and with the remaining £18,000 purchases shares in 3 other FTSE 100 companies. Mr Smith purchased all of the shares online

Select SIPP establishment fee = £0
Select SIPP annual administration fee (taken in advance) = 50% discount due to holding 10,000 Alliance Trust PLC shares resulting in a cost per trade of £6.25 (3 deals).

£168.75 (VAT inclusive) in year 1 assuming no further deals are made.

As long as Mr Smith retains his 10,000 shares in Alliance Trust PLC all subsequent online deals he makes will be discounted at £6.25.

Mrs Jones has two personal pensions that she would like to transfer to a Select SIPP to make it easier for her to manage. One of the pensions is worth £60,000 and the other is worth £80,000. She wants to spread her risk by splitting her money across four different funds available within the i.nvest fund supermarket. You use our online services to both set-up the Select SIPP and complete the trades in her selected funds

Select SIPP establishment fee = £0
Select SIPP annual administration fee (taken in advance) = £125
Transfer In fee = 2 transfers at £50 + VAT

Select SIPP investment dealing fee = 4 trades, 2 at £12.50 each, and 2 free online trades.

£295 (VAT inclusive) in year 1 assuming no further trades are made.

In year 2 the charge would be £150 (£125 + VAT).

Mr Jones has two pension funds with other providers which will both be transferred as cash into an Alliance Trust Savings Full SIPP.

• Alliance Trust Savings establishes the Full SIPP and set up the operational bank account.
• Pension discharge forms are obtained from the current providers, completed and returned by Alliance Trust Savings
• Transfer funds released from ceding providers and paid as cash into the SIPP bank account.
• Once the funds have been received, you implement the clients' investment strategy.

In this case you have decided to make investments through a single investment account*.

Full SIPP establishment fee = £395+VAT
Transfer In fee = £200 + VAT (£100 per transfer)
Full SIPP annual administration fee (taken in advance) = £450 + VAT
Total of initial fees = £1,450 + VAT

Ongoing fees
Full SIPP annual administration fee = £450 + VAT

Full SIPP investment dealing fees with a single investment account* = £0
Total per annum = £450 + VAT