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.