What would you like to do?
Explore how I can invest for retirement
Our Modular iPlan brings pensions, ISAs and other investments together in one place.Find out more
See what I could get in retirement
Get a personalised illustration to see what you could get by investing with James Hay.
How can I take money out of my pension
If you are 55 or over, you can start accessing your pensions now – and we’re here to help.
Register for an online account
Set up your James Hay Online Account now – and get ready to invest.
Summary of charges
- If set up online, NO cost to set up a SIPP, ISA or GIA
- £175 SIPP annual administration charge, reducing to nil if £200,000 + held in qualifying investments Any combination of cash held in your SIPP Bank Account (as well as any bank account held in relation to a property and, if applicable, your Modular GIA or Modular ISA Bank Account), model portfolios held via the Managed Portfolio Panel, balances on fixed term deposit accounts with one or more of the providers on the Cash Panel and investments within the Investment Centre. across Modular iPlan
- Annual platform charge of 0.25% of what you hold in the Investment Centre, falling to 0.01% on portfolios of £1.5 million+
A summary of charges is shown below. Please note these are the charges that apply if the plan is set up and managed completely online. Other charges may apply. See our full Charges Summary for details.
|To set up the plan||Modular iSIPP||Modular ISA||Modular GIA|
|To set up the plan online||Nil||N/A||N/A|
|Annual administration charge (taken in advance)||£175 (Nil if £200,000+ in qualifying investments Any combination of cash held in your SIPP Bank Account (as well as any bank account held in relation to a property and, if applicable, your Modular GIA or Modular ISA Bank Account), model portfolios held via the Managed Portfolio Panel, balances on fixed term deposit accounts with one or more of the providers on the Cash Panel and investments within the Investment Centre.||N/A||N/A|
|To administer investments||Modular iSIPP||Modular ISA||Modular GIA|
|Annual platform charge||First £300,000 - 0.25%
On next £300,000 – 0.20%
On next £400,000 - 0.15%
On next £500,000 - 0.05%
Over £1.5 million - 0.01%
|Buy, sell or switch Investment Centre investments online||Nil||Nil||Nil|
|Optional Whole of Market Module*||£100pa||£100 + VAT pa||£100 + VAT pa|
|Optional Commercial Property Module*||£100pa||N/A||N/A|
|*Further administration and transaction charges apply within these modules. Please see our full Charges Summary for details.|
|Putting Money In||Modular iSIPP||Modular ISA||Modular GIA|
|Single ad-hoc cash contributions||Nil||Nil||Nil|
|Cash Transfer from another plan (per transfer)||Nil||Nil||Nil|
|In-specie Transfer from another plan (per transfer)||£50||£50 + VAT*||£50 + VAT*|
|*Subject to maximum of £200pa per product transferred in.|
|Taking money out||Modular iSIPP||Modular ISA||Modular GIA|
|Set up income drawdown||£100*||N/A||N/A|
|Annual income drawdown charges||£150pa**||N/A||N/A|
|Uncrystallised funds pension lump sum payment||£100||N/A||N/A|
|Arranging annuity purchase||£150||N/A||N/A|
|*Applies every time a pension commencement lump sum (PCLS) The tax-free lump sum available on both defined benefit and defined contribution pension schemes. Typically 25% of the pension fund (subject to a maximum of 25% of the lifetime allowance) can be taken as a tax-free sum. The rest of the pension fund must be used to provide an income ñ in the case of a defined contribution scheme this can be done by buying an annuity or using income drawdown. is paid. Also applies to set up drawdown for a transferred plan where no further PCLS is payable.
** Applies as soon as drawdown is set up, even if no income drawn
Other charges apply. Please see our full Charges Summary for details.