| Establishment & Administration | |||||||||||||||||
| Establishment Charge | Nil | ||||||||||||||||
| Transfer in of another registered pension scheme | £60 per transfer | ||||||||||||||||
| Quarterly administration charge (Note 1) |
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| Transaction charge (See Investment Charges below) | Nil | ||||||||||||||||
| Change of stockbroker | £50 | ||||||||||||||||
| Insufficient Funds e.g. to pay benefits or charges | £25 | ||||||||||||||||
| Benefits | |||||||||||||||||
| Income drawdown - to age 75, or Income drawdown - from age 75 (Note 2) |
£150 per annum, or £250 per annum, payable annually in advance |
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| Designation of additional funds to existing income drawdown (Note 3) | £75 | ||||||||||||||||
| Payment of death benefits | Time/cost basis | ||||||||||||||||
| Transfer out to another registered pension scheme, or annuity purchase | £75 | ||||||||||||||||
| Flexible drawdown registration (Note 5) | £75 | ||||||||||||||||
| SIPP closure through flexible drawdown or trivial commutation | £75 | ||||||||||||||||
Notes
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Charges  |
Literature Request 
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So what does it all cost?
Our charges are explicit and are set at a level to reflect the amount of work involved. Everyone pays their fair share of the administration costs and you will see that the charges become cost effective at a low threshold of contribution input or fund size.Pricing Structure
Charges (Effective from the 1 October 2010)
Interest Rates
Please note that all un-invested cash can only be held in your individual SIPP Cash Account with Bank of Scotland, or in the client account of your stockbroker. There are no routine bank transaction charges and interest is paid to your account without any deduction of tax. Interest rates are subject to variation.The Annual Equivalent Rate, AER, represents the annual rate effectively received by a customer if the interest at the gross rate applied during a year remained in the account and itself earned interest. As every advert for a savings product where a rate is displayed will contain an AER, you will be able to compare more easily the return you can expect from your savings over time.
A J Bell Group receives commission payments from Bank of Scotland based on aggregate cash balances held across all SIPP cash accounts.
Investment Charges
For investment and dealing charges please contact your stockbroker. Investment and dealing charges are payable in addition to the charges shown above.
