Alliance Trust SIPP

Last updated: 22nd June 2020

Charges - CURRENTLY CLOSED TO NEW ACCOUNTS Charges are subject to VAT although shown excluding VAT

Initial/Set up fee

None

Annual fee

'Savings' SIPP Account £17.50 per month - Standard account

'Income' SIPP Account £23.75 per month

Additional £375 pa payable if:
1. Holding non-standard assets
2. Non-UK resident and no UK permanent residential address
3. Account is held by a Corporate Entity or Trust

Child SIPP Account £6.65 per month

Transfer in fee

Cash transfer, nil

Transfer from maturing employee share scheme, £15 per investment

Transfer in that contains any 'safeguarded benefits' in excess of £30,000, £150

Transfer out fee

Up to age 55 - 1% of transfer value (max £150)
Over 55 - no charge

In-specie transfer in fee

nil

Taking Benefits

No further charges once the 'Income' Account utilised on first crystallisation event or regular UFPLS taken.

One off UFPLS payment, £40

Annuity purchase fee

Up to age 55 - 1% of transfer value (max £150)
Over 55 - no charge

Payment of death benefits fee

£200

Other fees

Purchase / sale online, with no loyalty discount, £9.99

Loyalty discount based on age of account for online dealing:

5-10 years, £8.99

11-15 years, £8.49

16-20 years, £7.99

20years+, £7.49

Purchase / sale via telephone, £50

Purchase / sale via post, £50

Automatic regular dealing by direct debit (per investment & set up online), £1.50

Half-yearly valuation and statement, £25

One off valuation, £10

Paper duplicate of any document already issued, either online or paper, £15

Implementation of pension sharing order, £200

CHAPs payment, £20 per payment

Management

Access: Direct or via IFA

Both

Online capability

Details

Full online functionality

Permitted Investments

Commercial property

Unit trusts & OEICS

Via in house platform only

Overseas listed stock and shares

Via in house platform only

UK listed stocks and shares

Via in house platform only

AIM shares

With restrictions

Gilts/corporate bonds

Via in house platform only

ETFs

Via in house platform only

Investment trusts

Via in house platform only

Discretionary management

Limited panel of managers

National Savings & Investments

Unlisted shares

Structured products

Trustee Investment Plans

Insurance company pension funds

Hedge funds

Traded endowment plans

Third party loans

Property purchase Not permitted

Purchase fee

N/A

Sale fee

N/A

Annual property administration fee

N/A

VAT registration fee

N/A

VAT return fees

N/A

Lease renewal / new lease fee

N/A

Other fees

N/A

SIPP Bank Account

SIPP bank account provider

Held by Alliance Trust Savings Ltd who bank with Royal Bank of Scotland

Current interest rate

0%

Structure

Scheme trustees

Alliance Trust Savings Ltd

Scheme administrator

Alliance Trust Savings Ltd

Minimum contributions

Regular payments

£50 per month

Transfers/Single Premiums

No minimum

Min additional

No minimum

Company Information

Ownership

Wholly owned subsidiary of
interactive investor group

Year established

1986

Funds under management

£6.5bn assets under management as at October 2019

Number of SIPPs administered

TBC

Defaqto Rating

No rated

Transfers

Accepts benefits from defined benefit / final salary schemes?

No

Misc

Flexi-Access Drawdown/ UFPLS offered

Yes

Scheme Pension offered

Yes

No

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.