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.