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SIPP Fees

All the fees described below will be collected as and when they fall due by deduction from the funds held by the Trustee

Initial Set-Up Charge 330 per member due upon receipt of funds
 
Annual Maintenance Charge 470 due on the commencement date and annually thereafter
 
Contributions/Transfers In
Cash No charge
In Specie 75 per asset unless stated otherwise
 
Investment Charges
Regulated or authorised collectives £30 per transaction (purchase and sale = 2)
Unregulated or unauthorised collectives £60 per transaction (purchase and sale = 2)
Deposits with institutions other than the Scheme Bankers £100 per account
 
Unquoted Share Charges
Purchase/In specie £450 upon instruction
Annual Fee £100 per annum
Sale £100 upon instruction
 
Loans
Purchase/In specie £350 upon instruction
Annual Fee £100 per annum
Please note that legal fees may apply in addition if security for the loan is required.
 
Property Charges (UK)
Property Purchase/In specie 550 upon instruction
New mortgage 250 upon instruction
Standing investment with existing lease(s) 100 per lease upon instruction
Property Sale 200 upon instruction
Annual Property Holding Fee 295, plus 100 if borrowing involved, per annum in arrears, upon anniversary of completion date
 
VAT Registration Charge if Applicable 120 upon submission of registration
VAT Administration Charge 25 at the end of each VAT period
 
Property Charges (Overseas)
Overseas property fees £ time cost
 
Please note that charges made by third parties including Valuers, Solicitors and Independent Property Managers fees are in addition to the above
 
Portfolio with a Fund Manager (UK)
Appointment of Manager and Initial Transfer of Funds/In specie 60 in year one, 30 per annum in advance thereafter
Subsequent Transfers and Returns of Funds 30
No charge for individual transactions
 
Other investments quoted upon application
 
Please note that charges made by third parties including Investment Managers and Custodians are in addition to the above.
 
Benefits
Capped Drawdown set up 120 per tranche, in advance plus
Annual fee (if income taken) 120 per annum
Flexible Drawdown set up 120 per tranche, in advance plus
Annual fee (if income taken) 120 per annum
Annual Income payments no charge
Regular payments other than annually 20 per payment annually in advance
Additional one-off payments 30 per payment
Pension Commencement Lump Sum payment no charge
 
Other Charges
Transfer out 75
Purchase of annuity from London & Colonial no charge
Purchase of annuity from another insurer 75
Payment of death benefits according to work involved, minimum 150
Any fees not quoted time cost
 
Time Cost Charges
Administrator rate 75 per hour
Senior manager rate 150 per hour
 
Statements You will be able to view online all transactions together with the latest asset values held in your plan at any time. In addition we will send you a statement once a year showing all transactions, charges and cash balances.
Additional statements provided on request £15 each

These are the fees charged by London & Colonial effective from 06 April 2011 and do not provide for any payments to your financial adviser.
Our fees are subject to VAT.

 
Notes:
  1. All charges may be altered (for new and/or existing business) subject to at least 1-month notice. All fees will be linked approximately to the index for NAE
  2. We reserve the right to make additional charges for exceptionally complex investments.

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