AJ Bell Youinvest SIPP

Initial/Set up fee

None

Annual fee

None

Transfer in fee

None

Transfer out fee

Cash transfer, Nil

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

To a QROPS, £250

In-specie transfer in fee

None

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

£150

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

Details

Full online access

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

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 provider

Various

Current interest rate

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

Scheme trustees

Youinvest Trustees Limited

Scheme administrator

AJ Bell Management Ltd

Regular payments

No minimum

Transfers/Single Premiums

No minimum

Min additional

No minimum

Ownership

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

Year established

1995

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

Yes

Scheme Pension offered

No

Notes

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.