Our Account charges cover the basic ongoing cost to us of managing an Account for you, for example, maintaining records, custody of your investments, preparing information we send to you and making reports to the relevant parties.
|While you are still saving||£17.50 plus VAT a month|
|Once you start taking an income (that means once you move into Income Drawdown or if you ask us to pay you an Uncrystallised Funds Lump Sum Payment’ (UFPLS) on anything other than a one-off or very occasional basis)||£23.75 plus VAT a month|
Our Account charge now includes 4 online trades a year. You are not able to opt out of the inclusive trades. Dividend reinvestments and regular buys through our online monthly dealing service do not count towards your inclusive trades and will continue to be charged separately.
The charges you pay to buy and sell investments depend on:
|Dealing service charges|
|Buy or sell online (without any loyalty discount)||£9.99 for each transaction|
|Buy or sell over the phone||£50 for each transaction|
|Buy or sell by post||£50 for each transaction|
|Regular dividend reinvestment||£5 for each transaction|
|Regular buy (direct debit) instructed by post||£5 for each transaction|
|Regular buy (direct debit) instructed by online monthly dealing service||£1.50 for each transaction|
|If you’ve continuously held an Account with us for 5 years or more, you qualify for a loyalty discount when it comes to buying or selling investments online or by telephone.|
|You’ve held your account for||You can buy or sell online for||You can buy or sell over the telephone for|
|Other service charges|
|Your Account charge covers the cost of many other Services we provide. But where Services are more complicated and can take up a lot of our time without any realistic prospect of covering costs through your Account charge (transferring investments out is a good example of this) we do ask you to pay for those.
That goes back to our flat fees philosophy. You cover the costs of the Services you use. It’s only fair.
|1. Transferring in and out of your SIPP account (including the purchase of an annuity)|
|Transfer of any pension that contains safeguarding benefits in excess of £30,000 – excludes Guaranteed Annuity Rates (GARs) such as defined benefit schemes, for example, final salary and career average schemes.||£150 plus VAT|
|Pension transfer in of cash and/or shares (excluding investments from maturing share schemes)||Free|
|Any transfer out/annuity purchase to another provider||£150 plus VAT capped at 1% if the plan was taken out before 01/02/2017, or if the client is aged under 55. If the client is aged over 55 and the plan was taken out on or after 1 February 2017, there is no charge.|
|Any transfer out to an overseas pension scheme||£200 plus VAT|
|Sending any money to a receiving pension scheme after a SIPP Account has been closed
(For example, a late payment from your employer or any late income from your investments)
|£50 plus VAT|
|2. Issuing paper documents|
|Paper Document charge (half-yearly statement and valuation, Contract notes, Tax certificates for Investment Dealing Accounts, Statutory money purchase illustrations for SIPP accounts)||£25 plus VAT|
|A one-off valuation||£30 plus VAT|
|A paper duplicate of any document we have already issued to you, either online or in paper form||£15 plus VAT|
|3. Taking money out of your SIPP|
|Make a one-off ‘uncrystallised pension funds lump sum’ (UFPLS)||£40 plus VAT|
|4. Other one off events|
|Valuing your Account and making future arrangements for it following your death||£200 plus VAT|
|Implementing a ‘Sharing Order’ following a divorce||£200 plus VAT|
|Writing to a third party (a mortgage provider for example) to confirm the value of your Account||£30 plus VAT per letter|
|Making a one-off cash payment to you using CHAPS (we don’t charge for payments by cheque or BACS)||£20 per payment|
Unfamiliar with some of the terms? Our glossary might help.go to the glossary
As well as our charges and fees, you will also pay a charge for your investments to the fund provider or investment trust.
For funds (OEICs and Unit Trusts) the details are in the Fund Prospectus or Key Investor Information Document.Look these up in our Investing hub
By transferring to us you could benefit from:
Alliance Trust Savings Limited is a subsidiary of Alliance Trust PLC and is registered in Scotland No. SC 98767, registered office, PO Box 164, 8 West Marketgait, Dundee DD1 9YP; is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, firm reference number 116115. Alliance Trust Savings gives no financial or investment advice.