AJ Bell Youinvest SIPP
Last updated: 22nd June 2020
Charges Charges (except dealing charges) are subject to VAT although shown excluding VAT
Initial/Set up fee
None
Annual fee
None
Transfer in fee
None
Transfer out fee
Cash transfer, £75
In-specie transfer, £75 plus £25 per holding (no VAT)
To a QROPS, £250
In-specie transfer in fee
None
Taking Benefits
Flexi-access or capped drawdown administration charge covering all regular income payments, £100 pa, nil if no income taken
One off income payments via flexi-access drawdown, £25
Put additional funds into flexi-access drawdown - per tranche, £75
Regular UFPLS payments, £100 pa
One off UFPLS, £25
Capped drawdown reviews, £75
Closure of SIPP through flexi-access drawdown or UFPLS within 12 months of opening SIPP, £295
Annuity purchase fee
£150
Payment of death benefits fee
Time costed, minimum charge expected to be £250
Other fees
Custody charges:
Cash, no charge
Shares (including investment trusts, ETFs, gilts and bonds), 0.25% (maximum £25 per quarter)
Funds (including unit trusts, OEICs and structured products):
First £0 - £250,000 0.25%
Next £250,000 - £1m 0.10%
Next £1m - £2m 0.05%
Value over £2m no charge
Dealing fees:
Online dealing charges (excluding funds):
0 - 9 deals in the previous month, £9.95 (no VAT is charged)
10 plus deals in the previous month, £4.95 (no VAT is charged)
Online dealing charges (funds), £1.50 per deal
Telephone dealing charges, £29.95 (no VAT is charged) per deal
Deals where Youinvest is required to complete a paper application and pre fund the cost, £100
International dealing and foreign currency funds, 1.00%
Regular investments online, £1.50
Other fees:
Pensions Sharing order, time costed, minimum £250
CHAPS payments, £25
Disinvestment to cover charges, £29.95 per holding(no VAT)
Dividends on corporate action payments - foreign exchange charge, 0.50% (no VAT)
Management
Access: Direct or via IFA
Direct only
Online capability
Details
Full online access
Permitted Investments
Commercial property
Overseas property
Unit trusts & OEICS
In house platform only
External deposit accounts
Overseas listed stock and shares
Via a limited range of stockbrokers. Youinvest offers a limited number of US and European quoted shares. The list of available shares does change so clients will need to check with the Youinvest Dealing Services if they wish to invest in a particular share
UK listed stocks and shares
Via in-house dealing platform
AIM shares
Via in-house dealing platform
Gilts/corporate bonds
Via in-house dealing platform
ETFs
Via in-house dealing platform
Investment trusts
Via in-house dealing platform
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 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
Other fees
N/A
SIPP Bank Account
SIPP bank account provider
Bank of Scotland
Current interest rate
0%
Structure
Scheme trustees
Youinvest Trustees Limited
Scheme administrator
AJ Bell Management Ltd
Minimum contributions
Regular payments
No minimum
Transfers/Single Premiums
No minimum
Min additional
No minimum
Company Information
Ownership
AJ Bell is a public limited company, listed on the Main Market of the London Stock Exchange.
Year established
1995
Funds under management
£48 billion
Number of SIPPs administered
262,000
Defaqto rating
Three Stars
Transfers
Accepts benefits from defined benefit / final salary schemes?
Yes, advised only
Misc
Flexible Drawdown 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.