AJ Bell Platinum SIPP

Last updated: 22nd June 2020

Charges Charges are subject to VAT although shown excluding VAT

Initial/Set up fee

£425

Annual fee

Basic annual administration £40 per month

Transfer in fee

£75 per cash transfer

Transfer out fee

£75 per cash transfer

In-specie transfer in fee

£250 (which replaces the £75 transfer in charge) plus:

Re-registration of unit trusts and OEICs, £50 per investment holding

Transfer of an investment account, within the terms of a discretionary or non discretionary inestment agreement, where all assets are held in the nominee name, £225 per account

Assisgnments for insurance policies, £225 per deed.

Property transfers in are charged for as a property purchase

Taking Benefits

Set up flexi-access drawdown, including payment of any lump sum, £150

One off UFPLS payment, £150 per payment

additional fund designation to existing drawdown, £150

Income withdrawal, including PAYE, £15 per month

Income withdrawal reviews, £150 per review

convert from capped drawdown to flexi-access drawdown, £75

Closure of account through flexi-access drawdown or UFPLS, £250

Annuity purchase fee

£75

Payment of death benefits fee

Time costed

Other fees

Investment related fees:

Investment transaction (e.g. purchase or sale of Unit Trusts, OEICs, Trustee Investment Plans etc), £30 per transaction

Bank account set up fee, £50

SMPI illustration, £50

Other fees:

CHAPs payment, £25

Faster payment, £15

Management

Access: Direct or via IFA

Both

Online capability

Details

The AJ Bell Platinum SIPP is a traditional, bespoke product. While offering limited online functionality (the website www.ajbellplatinum.co.uk offers access to contact information and literature), there is freedom to choose an investment manager or deposit account from the open market, offering the opportunity to access significant online functionality

Permitted Investments

Commercial property

Overseas property

Unit trusts & OEICS

All platforms allowed

External deposit accounts

Unrestricted access to all 'sippable' deposit accounts

Overseas listed stock and shares

All stockbrokers allowed

UK listed stocks and shares

All stockbrokers allowed

AIM shares

All stockbrokers allowed

Gilts/corporate bonds

All stockbrokers allowed

ETFs

All stockbrokers allowed

Investment trusts

All stockbrokers allowed

Discretionary management

Unrestricted access

National Savings & Investments

Unlisted shares

Investment in unquoted trading company shares is not permitted.

Investment in investment vehicles that have been established using an unquoted share structure may be permitted subject to review

Structured products

Trustee Investment Plans

Insurance company funds

Hedge funds

Traded endowment plans

Third party loans

Property purchase

Purchase fee

£750 per property

Sale fee

£400 per property

Additional £100 per selling member if property which is sold is held jointly

Annual property administration fee

£420 per property

VAT registration fee

£120

VAT return fees

£15 per month

Other fees

Loan arrangement fee, £350 per loan

£10 per month loan administration fee (per loan)

Loan repayment, £100

Joint property purchase, £150 per member

New lease / lease renewal, £250

SIPP Bank Account

SIPP bank account provider

Bank of Scotland

Current interest rate

0.00%

Structure

Scheme trustees

AJ Bell (PP) Trustees

Scheme administrator

AJ Bell Management Limited

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

£48.3 billion

Number of SIPPs administered

262,000

Defaqto rating

Five Stars

Transfers

Accepts benefits from defined benefit / final salary schemes?

Yes, if IFA advised

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.