Hargreaves Lansdown Vantage SIPP

Last updated: 22nd June 2020

Charges VAT is charged on some fixed fees not percentage based fees

Initial/Set up fee

nil

Annual fee

Funds:

£0 - £250,000, 0.45%

£250,000 - £1,000,000, 0.25%

£1,000,000 - £2,000,000, 0.10%

Over £2,000,000, 0%

Shares, Investment Trusts, ETFs, Gilts & Bonds

0.45% per annum, capped at £200 per annum

Cash

No charge

Transfer in fee

nil

Transfer out fee

nil

In-specie transfer in fee

Not available

Taking benefits

Nil

Annuity purchase fee

Nil

Payment of death benefits fee

Nil

Other fees

Investment related fees - Fund dealing(Unit Trusts & OEICS):

Online, phone or by post, £0

Investment related fees - Share dealing(shares, ETFs, Investment Trusts):

Online or mobile app:

0 - 9 deals in the previous month, £11.95 per deal

10 – 19 deals in the previous month, £8.95 per deal

20 or more deals in the previous month, £5.95 per deal

Deals within a Junior SIPP, £5.95

Phone and post:

1%, subject to a minimum of £20 and a maximum of £50

Share dividend reinvestment:

1%, subject to a minimum of £20 and a maximum of £50

Equity regular savings:

£1.50 per stock per month

Other fees:

Pension splitting on divorce, £295 + VAT

Cash withdrawals, £0

Automated sales to cover charges, £1.50 per sale

6 monthly statement and valuation (paperless), £0

6 monthly statement and valuation (paper), £10 + VAT

Management

Access: Direct or via IFA

Direct only

Permitted Investments

Commercial property

Unit trusts & OEICS

Via in house platform only

External deposit accounts

Subject to restrictions

Overseas listed stock and shares

Overseas listed stock and shares

UK listed stocks and shares

Overseas listed stock and shares

AIM shares

Overseas listed stock and shares

Gilts/corporate bonds

Overseas listed stock and shares

ETFs

Overseas listed stock and shares

Investment trusts

Overseas listed stock and shares

Discretionary management

National Savings & Investments

Unlisted shares

Structured products

Trustee Investment Plans

Insurance company funds

Hedge funds

Limited choice

Traded endowment plans

Third party loans

Property purchase

Purchase fee

N/A

Sale fee

N/A

Annual property administration fee

N/A

VAT registration fee

N/A

VAT return fees

N/A

Other fees

N/A

SIPP Bank Account

SIPP bank account provider

Across an approved panel of deposit takers

Current interest rate

0%

Structure

Scheme trustees

Hargreaves Lansdown Pensions Trustees Limited

Scheme administrator

Hargreaves Lansdown Asset Management Limited

Minimum contributions

Regular payments

£25 per month

Transfers/Single Premiums

Total combined transfer values must total at least £1,000

£100 single premium

Min additional

No minimum

Company Information

Ownership

Publically owned company

Year established

1972

Funds under management

£99 billion across all products

Number of SIPPs administered

More than 1 million customers across products

Transfers

Accepts benefits from defined benefit / final salary schemes?

Yes, if IFA advised

Misc

Flexi-Access Drawdown/UFPLS 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.