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Select SIPP Charges

We think it's fair that you only pay a fee on your Select SIPP when you make a transaction, so we don't make an annual plan charge and there are no account set-up fees.

Online Dealing

	Commission *
Purchases †¹	£12.50
Sales †	£12.50

• †The charges for OEICs and unit trusts are £15.00 for a purchase and £30.00 for a sale.

Dealing by telephone and post

Purchases¹	Transaction Charge	Commission *
Weekly purchase - Alliance Trust PLC	£2.50	Nil
Weekly purchase - Other investments	£7.50	0.2%
Daily purchase - All investments	£15.00	0.2%
Sales	Transaction Charge	Commission *
Weekly sale	£15.00	0.2%
Daily sale	£30.00	0.2%

• ¹ Automatic dividend reinvestments are charged at the weekly purchase rate.
• Stamp duty of 0.5% is payable on all security purchases except for OEICs, unit trusts, ETFs, gilts, debentures and loan stocks.
• * The 0.2% commission is applied in respect of each individual purchase or sale of securities against the value of the investment.
• Investment switches are classed as two individual transactions eg: where an investment is switched, the 0.2% commission would apply twice; on the sale of the original investment, and again on the purchase of the new investment.
• Commission is not payable on OEIC and unit trust transactions. By concession, commission is not currently payable on transactions in Alliance Trust PLC. Alliance Trust Savings reserves the right to charge commission at any time in the future subject to the variation rights as specified in the Select Plans Terms and Conditions brochure.

Select SIPP Charges

Transfers

Type	Charge
Transfer in from another provider to Alliance Trust (including income withdrawal transfers)	£50.00 + VAT*
Transfer out from Alliance Trust to another provider (including to insurance company for immediate vesting)	£125.00 + VAT*
Administration of protected rights transfer to another provider	£100.00 + VAT*

Income Withdrawal

Type	Charge
Income withdrawal fund payments	£5.00
Income withdrawal fund payment variation	£10.00 + VAT
Unsecured pension
Set up charge	£200.00 + VAT
Recalculation of income limits	£100.00 + VAT
Provision of annual projection and lifetime allowance notification	£50.00 + VAT
Alternatively secured pension
Set up charge	£200.00 + VAT
Recalculation of income limits	£100.00 + VAT

Other Charges

Type	Charge
In-specie contribution (per security transferred)	£15.00#
Repayment of excess contribution	£50.00
Tax free lump sum - cheque payment	£10.00
Tax free lump sum - in-specie (per security transferred)	£15.00
Trivial payment charge	£100.00
Annuity purchase	£125.00 + VAT*
Valuation and termination on death	£125.00 + VAT*
Sharing of pension assets on divorce	Available on request

* You may send in a separate cheque to cover the charge

# This charge relates to in-specie contributions using shares arising from employee share schemes. You may send in a cheque to cover this charge. Details of our charge for other types of in-specie contributions are available on request.

Investment Administration Charges

Investment Transfer	Our Charge
Transfer out (per security)	£15.00
Transfer into Plan	Nil

 

Cash Transactions	Our Charge
Dividend and interest receipt	Nil
Income redirection between accounts	£1.00
Cash transfer between accounts²	£5.00

 

Corporate Actions	Our Charge
Bonus / scrip issue	Nil
Instalments paid	£5.00
Rights issues taken up	£25.00
Cash realised from takeovers, redemptions, conversions, reconstructions, liquidations and capital repayments	£25.00
Offers / new issues	£25.00
Conditional acceptance, or withdrawal of acceptance, for a takeover	£25.00 + VAT*
Voting and attendance service (per meeting)	£25.00 + VAT*

• You may send in a separate cheque to cover the charge

Other Charges	Our Charge
Duplicate statements², valuations² and tax certificates or additional statements	£10.00 + VAT*
Ad hoc valuations on request²	£25.00 + VAT*
Report & Accounts service per security	£5.00 + VAT*

• Some charges can be paid by cheque outside the Select Pension.
• *You may send in a separate chequet to cover the charge
• ² Not charged if effected by you through Alliance Trust Online

A full list of our transaction charges can be downloaded from here.

Any advisor you engage may charge you for the services provided to you.

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