AJ Bell Youinvest SIPP

Last updated: 14th August 2023

Charges Charges (except dealing charges) are subject to VAT although shown excluding VAT

Initial/Set up fee


Annual fee


Transfer in fee


Transfer out fee

Cash transfer, Nil

In-specie transfer, £9.95 per holding (no VAT)

To a QROPS, £250

In-specie transfer in fee


Taking Benefits

Accessing your pension by flexi-access drawdown or pension lump sums, nil

Capped drawdown charges
- One-off payment of a tax free lump sum or income payment £25

– Regular income drawdown payments £100 pa

– Crystallised funds where no income is paid, nil

– Review of capped drawdown (triennial/annual reviews/and reviews when additional funds are moved into drawdown) £75

Annuity purchase fee


Payment of death benefits fee

Time costed, minimum charge £250

Other fees

Custody charges:

Cash, no charge

Shares (including investment trusts, ETFs, gilts and bonds), 0.25% (maximum £10 pm)

Funds (including unit trusts, OEICs and structured products):

First £0 - £250,000 0.25%

Next £250,000 - £500,000 0.10%

Over £500,000 - Nil

Dealing fees:

Online dealing charges (excluding funds):

0 - 9 deals in the previous month, £9.95

10 plus deals in the previous month, £4.95

Regular investments online, £1.50 per deal

Telephone dealing charges, £29.95 per deal

Deals where Youinvest is required to complete a paper application and pre fund the cost, £100

International dealing and foreign currency funds, up to 0.75%

Other fees:

CHAPS payments, £25

Disinvestment to cover charges, £9.95 per holding(no VAT)

Dividends on corporate action payments - foreign exchange charge, 0.50% (no VAT)


Access: Direct or via IFA

Direct only

Online capability


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


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


Sale fee


Annual property administration fee


VAT registration fee


VAT return fees


Other fees


SIPP Bank Account

SIPP bank account provider


Current interest rate

£0–£10,000: 2.95%
Above £10,000: 3.45%


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


AJ Bell is a public limited company, listed on the Main Market of the London Stock Exchange.

Year established


Funds under management

£70.4 billion across AJ Bell group

Number of SIPPs administered

480,000 total customers across the AJ Bell group

Defaqto rating

Five Stars


Accepts benefits from defined benefit / final salary schemes?

Yes, advised only


Flexible Drawdown offered


Scheme Pension offered




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.