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

Bed & SIPP Charges

Sales are free, purchases are at normal rates. The minimum 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:

Setup Fee£120
Annual Fee Up to £25,000£120
Annual Fee £25,000 to £50,000£160
Annual Fee Over £50,000£200
Transfer In£60 per scheme, maximum £300
Transfer Out£75 per scheme
Flexi-Access Drawdown£150 p.a.
Capped Drawdown Up To Age 75£150 p.a. in advance
Capped Drawdown After Age 75£250 p.a. in advance
Regular Payments of Uncrystallised Funds Pension Lump Sum£150 p.a.
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£10 plus VAT per stock (min. £30)
Returned Cheques£20 plus VAT
Safe Custody of Foreign Stocks£tba enquire at time of deal

Custody Fee

0.5% per annum charged six monthly in arrears on the total value of ALL your accounts with Pilling & Co. The fee has a minimum of £43.60 and a maximum of £152.60 per year. If you are registered for using Client Web Access (CWA) these fees reduce to a minimum of £41.80 and a maximum of £146.30. In other words, any value over £30,520 (non CWA) and £29,260 is free so you may wish to consolidate your investments from other managers.

Further SIPP Information