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.