Charges
Competitive charges
The SIT SIPP charges are transparent with the combination of a flat rate annual charge and transaction charges. The key charges are set out below.
Initial plan charge
There is no initial or set up plan charge.
Annual charge
The annual charge is a flat rate, payable quarterly in arrears.
For portfolios valued at less than £50,000:
- The annual charge is £75 + VAT
- This is paid quarterly at £18.75 + VAT
For portfolios valued at £50,000 and over:
- The annual charge is £150 + VAT
- This is paid quarterly at £37.50 + VAT
Transaction charges
SIT stock
Monthly or one-off planned investment purchase no charge
Real-time online purchase £11.95
Real-time online sales over £250 £11.95
Real-time telephone purchase / sale from £25
Other UK investments
Monthly or one-off planned investment purchase £1.50
Real-time online purchase £11.95
Real-time online sale over £250 £11.95
Real-time telephone purchase / sale from £25
International investments
Real-time online purchase £11.95
Real-time online sale over £250 £11.95
Real-time telephone purchase / sale £11.95
The table below shows the transaction charges in more detail. Please note that the charges below are per trade.
|
Option
|
Investment
|
Charge
|
|
Purchases
|
|
Monthly or one-off planned purchases
|
SIT stock
|
Nil
|
|
Other UK investments
|
£1.50
|
|
International investments
|
n/a
|
|
|
Real-time online purchases
|
UK investments
|
£11.95
|
|
International investments
|
£11.95
|
|
|
Real-time telephone purchases
|
UK investments
|
Up to £5,000 - £25
Over £5,000 to £50,000 - £50
Over £50,000 to £100,000 - £75
Over £100,000 - 0.1%
|
|
International investments
|
£11.95
|
|
Sales
|
|
Real-time online sales up to £250
|
UK investments
|
£5
|
|
International investments
|
£11.95
|
|
|
Real-time online sales over £250
|
UK investments
|
£11.95
|
|
International investments
|
£11.95
|
|
|
Real-time telephone sales
|
UK investments
|
Up to £5,000 - £25
Over £5,000 to £50,000 - £50
Over £50,000 to £100,000 - £75
Over £100,000 - 0.1%
|
|
International investments
|
£11.95
|
|
Dividend Reinvestment
|
|
Re-investment of dividends
|
SIT
|
Nil
|
|
Other Investments
|
1% of the value of the deal, capped at the appropriate trading commission for that deal
|
Please remember with purchases of any UK equities, including shares and stock units of investment trusts, there is compulsory government stamp duty (currently 0.5%) on the amount invested. Also, there is a PTM (Panel on Takeovers and Mergers) levy of £1.00 for all deals in UK quoted shares over £10,000. With purchases of certain international equities there may be additional stamp duty charges in other jurisdictions on the amount invested. Purchases and sales of investments, including SIT stock, are often subject to a dealing spread (the difference between the buying and selling prices).
Transfer In
There is a transfer in charge of £50 + VAT per transfer in from another UK registered pension scheme (maximum £300 + VAT per SIPP over the lifetime of your SIT SIPP).
Transfer Out
There is a transfer out charge of £75 + VAT for The SIT SIPP plus £15 per investment transferred out.
For full details of charges please click here. Please note that charges for The SIT SIPP may be higher than for a stakeholder plan.
How to apply