Aviva Pension Portfolio

Last updated: 22nd June 2020

Charges VAT is not charged on these fees

Initial/Set up fee

Nil

Annual fee

Choice option SIPP for self-investment

Up to £30,000 : 0.40%
£30,001 up to £250,000 : 0.35%
£250,001 up to £400,000 : 0.25%
Over £400,000 : 0.15%

Transfer in fee

Nil

Transfer out fee

Nil

In-specie transfer in fee

Nil

Taking Benefits

Nil

Annuity purchase fee

Nil

Payment of death benefits fee

Nil

Alteration to income fee

Nil

Other fees

Equity dealing, £7.50 per trade

within a model portflio, £5 per trade

Management

Access: Direct or via IFA

Via IFA only

Online capability

Details

Member has read only access, IFA has greater online functionality including online dealing

Permitted Investments

Commercial property

(via Curtis Banks)

Unit trusts & OEICS

Only available via the Aviva platform, other platforms not allowed

External deposit accounts

Overseas listed stock and shares

UK listed stocks and shares

Only available via the Aviva platform, other platforms not allowed

AIM shares

The majority of AIM shares can be purchased

Gilts/corporate bonds

ETFs

Only available via the Aviva platform, other platforms not allowed

Investment trusts

Discretionary management

National Savings & Investments

Unlisted shares

Structured products

Trustee Investment Plans

Insurance company funds

Hedge funds

Traded endowment plans

Property purchase via Curtis Banks

Purchase fee

£750 for panel solicitor, otherwise £950

Plsu £150 per additional member

Sale fee

£600 for panel solicitor, otherwise £800

Annual property administration fee

£475 (£375 for land) plus further £150 if property is mortgaged
Plus £100 per additional member for joint purchases

VAT registration fee

£150

VAT return fees

£200 per property

Other fees

Aviva set up fee £375
Annual fee of 0.12% of the net value
Annual property facility fee £394

Mortgaging a property £250

For 2nd and subsequent tenants, £300 per year

New lease fee £250 for panel solicitor, otherwise £450

SIPP Bank Account

SIPP bank account provider

a range of deposit takers - currently:
HSBC Bank plc
Santander UK plc
Lloyds Bank plc
Royal Bank of Scotland Group plc

Current interest rate

0.12%

Structure

Scheme trustees

Aviva Pension Trustees UK Limited

Scheme administrator

Aviva Pension Trustees UK Limited

Minimum contributions

Regular payments

£300 per month / £3,600 per year

Transfers/Single Premiums

£10,000

Min additional

£1,000

Company Information

Ownership

Public company

Year established

Norwich Union were founded in 1797, the Aviva brand was launched in 2009

Funds under management

Not given

Number of SIPPs administered

Not given

Transfers

Accepts DB transfers?

Yes

Misc

Flexible Drawdown 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.