Standard Life Active Money SIPP
Last updated: 22nd June 2020
Charges VAT is not charged on these fees unless stated
Initial/Set up fee
Depends on which 'ring' of investments are chosen (see notes below)
Inner ring investments: £0 initial fee
Middle ring investments: £0 initial fee
Outer ring investments: £382 initial fee
Annual fee
Depends on which 'ring' of investments are chosen (see notes below)
Inner ring investments: £0 annual fee
Middle ring investments: £252 if less than £50,000 held on Standard Life platforms and £0 if more than £50,000 is held on Standard Life platforms
Also for middle ring, fund administration charge:
Less than £100,000 0.6% of SIPP Zone Fund Value
£100,000 - £249,999 0.55% of SIPP Zone Fund Value
£250,000 - £499,999 0.45% of SIPP Zone Fund Value
£500,000 + 0.4% of SIPP Zone Fund Value
Outer ring: £524 if less than £100,000 is held on Standard Life platforms, £328 if between £100,000 and £250,000 is held on Standard Life platforms, £197 if between £250,000 and £500,000 is held on Standard Life platforms and £0 if more than £500,000 is held on Standard Life platforms
Outer ring: £328 per annum for each Discretionary Investment Manager
Transfer in fee
None
Transfer out fee
None
In-specie transfer in fee
£298
Income Drawdown
Annual Drawdown Fee £158 - Outer ring only
Additional Income Drawdown fees
None
Annuity purchase fee
None
Payment of death benefits fee
None
Other fees
Transaction charges (excluding Stocktrade) for outer ring investments, £62 per transaction, capped at £394 per annum
Stocktrade charge, Standard Life charge £12 (not included in the capped amount) & Stocktrade's charges 0.3% but collared & capped, £15 & £75 per transaction
Admin charge when age 75 is reached - £224
Discretionary Investment Manager charge £280 per year
Standard Account charge £70 pa
Offline Trading charge £30
Cross Border charge £100
Investments held by overseas custodian charge £50
Management
Access: Direct or via IFA
Both
Online capability
Details
Full online functionality, including the ability to buy and sell assets, and obtain valuation
Permitted Investments
Commercial property
Unit trusts & OEICS
Via Standard Life Fundzone, Fidelity FundsNetwork and Standard Life's Sigma platform
External deposit accounts
Overseas listed stock and shares
Via Stocktrade
UK listed stocks and shares
Via Stocktrade
AIM shares
Via Stocktrade
Gilts/corporate bonds
Via Stocktrade
ETFs
Via Stocktrade
Investment trusts & REITS & EPUTS
Via Stocktrade
Discretionary management
National Savings & Investments
Unlisted shares
Structured products
Trustee Investment Plans
Insurance company funds
Hedge funds
Traded endowment plans
Third party loans
Property purchase
Purchase fee
£818 per property (VAT is not charged on this fee)
Sale fee
£695 per property (VAT is not charged on this fee)
On sale of the property an additional £150 plus VAT is payable to the property manager
Annual property administration fee
Between £440 and £495 plus VAT depending on which property manager is chosen
Plus property administration charge of £252 per property per year (VAT is not charged on this fee
VAT registration fee
Nil
VAT return fees
£139 (VAT is not charged on this fee) per property per year
Other fees
Mortgage administration charge £188 per property per year (VAT is not charged on this fee)
Multi member charge (2-5 members) £57 per member, per property each year, (VAT is not charged on this fee)
Multi member charge (6+ members) £114 per member, per property each year (VAT is not charged on this fee)
SIPP Bank Account
SIPP bank account provider
HSBC
SIPP bank account provider
Structure
Scheme trustees
Standard Life Trustee Company
Scheme administrator
Standard Life Assurance Limited
Minimum contributions
Regular payments
£300 per month
Transfers/Single Premiums
£10,000
Min additional
None
Company Information
Ownership
Owned by Standard Life
Year established
1825
Funds under management
£192 billion accross the whole company as at 30/09/2010
Number of SIPPs administered
78,300
Transfers
Accepts benefits from defined benefit / final salary schemes?
Yes, if IFA advised
Misc
Flexi-Access Drawdown/UFPLS offered?
Yes
Notes
The Standard Life Active Money SIPP works on the basis of 'rings' each ring carries different charges (as outlined above) and allows different investments, as follows:
Inner ring: 170+ pension funds and a SIPP bank account
Middle ring: mutual funds via Standard Life's Fundzone and Sigma platforms and three fixed rate bank accounts
Outer ring: full self investment options
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.