November 2008
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Alliance Trust Full SIPP – Protected Rights Transfers
 
This page contains examples of how our fees for protected rights will apply in practice.
 

Mr Smith

Mr Smith has an existing Alliance Trust Full SIPP, and currently pays £400 +VAT per annum for Alliance Trust to administer his SIPP. He wishes to transfer his Protected Rights plan that is currently administered by XY Pensions Limited.

Alliance Trust will charge £100 +VAT for the protected rights transfer and an additional £100 +VAT annual administration fee for administering the protected rights in a separate plan. Therefore, Mr Smith will subsequently pay £500 +VAT per annum to Alliance Trust for administering his SIPP, including the Protected Rights element.


Mr Singh

Mr Singh has an existing Alliance Trust Full SIPP from which he is withdrawing an income under the Unsecured Pension rules.

He currently pays a £400 +VAT annual fee and a £150 +VAT annual drawdown fee to Alliance Trust for administering the SIPP. He wishes to put his Protected Rights policy that is currently administered by Orion Pensions Limited into the SIPP and subsequently put it into drawdown and draw an Unsecured Pension from it.

Alliance Trust will charge a £100 +VAT transfer fee for arranging the protected right transfer, and a £100 +VAT fee for setting up the protected rights Unsecured Pension under the SIPP.

Alliance Trust will also charge a £400 +VAT annual fee, plus two annual Unsecured Pension administration fees of £150 +VAT. In total Mr Singh will pay £800 +VAT per annum for the administration of this SIPP.


Mr Rodriguez

Mr Rodriguez has an existing Alliance Trust Full SIPP. Alliance Trust currently charges a £400 +VAT annual administration charge. Mr Rodriquez has two protected rights plans that he wishes to transfer into his SIPP.

Alliance Trust will charge a £100 +VAT transfer fee for each transfer into the SIPP. However, there is only one annual Protected Rights administration charge of £100 +VAT. Therefore, Mr Rodriguez will subsequently pay £500 +VAT per annum for the administration of the SIPP.




 
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