Summary of charges

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 planModular iSIPPModular ISAModular 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 investmentsModular iSIPPModular ISAModular GIA
Annual platform charge First £300,000 - 0.25%pa
On next £300,000 – 0.20%
On next £400,000 - 0.15%pa
On next £500,000 - 0.05%pa
Over £1.5 million - 0.01%pa
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 InModular iSIPPModular ISAModular 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 outModular iSIPPModular ISAModular 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.