SIPP Commissions & Charges

Dealing commission per deal, UK Equities, Preference Shares, Convertibles, Investment Trusts, Overseas Transactions, UK Gilts, Debentures, Loan Stocks and Unit Trusts/OEICS

1.65% on the first£10,000
0.50% on the next£90,000
0.40% on the excess over£100,000

For UK purchases add 0.5% Stamp Duty.

A US Compliance Charge of £10 will be applied on all purchases of US domiciled securities* (excluding DRIP trades)

Although most overseas transactions (excl US) can be accommodated within these rates, please enquire at time of dealing as additional charges may be applicable.

Bed & SIPP Charges

Sales are free of dealing commission, purchases are at normal rates. The minimum commission is £10. For sales of a different security to that repurchased we make a flat £10 charge.

Dividend Reinvestment Plan (DRIP Scheme)

0.5% (no minimum) plus UK purchases add 0.5% Stamp Duty.

SIPP Administration

Charges levied by Investcentre all are plus VAT:

up to £100,000£50 quarterly
£100,000 to £200,000£60 quarterly
over £200,000£70 quarterly
Transfer in (in specie only)£60 per scheme
Transfer out£75 per scheme
Flexi-access drawdown£150 pa
Capped drawdown up to age 75£150 pa in advance
Capped drawdown after age 75£250 pa in advance
Regular payments of uncrystallised funds pension lump sum£150 pa
One-off payment of uncrystallised funds pension lump sum£75 per request
Ad-hoc income payment from existing drawdown funds£25 per request
Designate additional funds to drawdown£75
Convert from capped to flexi-access drawdown£75
Account closure (when funds are depleted via withdrawal)£250
Annuity purchase, re-calculation of income£75

Charges levied by Pilling & Co:

Transfer out£24 per security
Probate/Certified Valuations (Nominees)£12.50 plus VAT per stock (min £37.50)
Probate/Certified Valuations (own name)£20 plus VAT per stock (min £60)
Returned cheques£20 plus VAT
Safe Custody of Foreign Stocks£tba enquire at time of deal
Individual Crest account£500 plus VAT per annum

Custody Fee

0.5% per annum charged six monthly in arrears on the total value of ALL your accounts with Pilling & Co. The annual fee has a minimum of £50.00 and a maximum of £180.00 if you are registered for using our on-line portal Client Web Access (CWA). For clients who request postal documents the annual fees have a minimum of £60.00 and a maximum of £200.00. In other words, any value over £40,000 (non CWA) and £36,000 (CWA) is free so you may wish to consolidate your investments from other managers.

US domiciled securities* will attract an annual custody fee of £25 per security (capped at £200 pa) and will be charged six monthly in arrears.

* US domiciled securities exclude Global Depository/shares and American Depository receipts/shares.