Charges Calculator

Select all the accounts that you need

Are you in Flexi Access Drawdown?

Based on what you told us, we estimate your annual account charges to be: £ {{Calculator.AnnualTotal | number:2}}

Item Total
Platform Fee £ {{Calculator.PlatformFee | number:2}}
SIPP Administration Fee £ {{Calculator.AdminFee | number:2}}
Flexible Drawdown Fee £ {{Calculator.FlexiDrawdowmFee | number:2}}
Trades £ {{Calculator.TradesTotal | number:2}}

We've provided this calculator to help you assess the impact of some of the charges, but it doesn't take into account all charges or your personal circumstances. The results are for illustrative purposes only, they are not, and should not, be regarded as personal advice. If you're in doubt as to the impact of these charges and other factors, you should seek independent financial advice.

Rebates: &
Price Benefits

Free
Set-up

Annual SIPP Fees, inclusive of VAT

Annual SIPP Fees, inclusive of VAT

Click here to view fees for capped drawdown (not available to new clients)

Charge Cost including VAT Frequency Description
SIPP administration fees £96 Per annum The annual cost of administering your SIPP
Flexible drawdown / flexi access £204 Per annum Calculation of benefits including payment of a lump sum and pension income, plus issuing relevant documentation (only applicable for flexible drawdown)
Uncrystallised Funds Pension Lump Sum(UFPLS) £48 Per payment The first 25% of each payment is tax-free, with the remainder paid net of tax. Tax-free payment normally paid within 3 working days. The taxable part will be paid on 14th / 28th of the month, or next working day, whichever is the next available taking into account processing time.

SIPP-Ad Hoc Charges, Inclusive of VAT

Charge Cost including VAT Frequency Description
Settlement of death benefits £360 Per event To calculate and process lump sum death benefits from the SIPP
Pension Sharing on Divorce £360 Per event To calculate and action pension sharing on divorce
Projection of benefits £192 Per projection Covers preparation for the projection of benefits payable from the SIPP.
Full fund payment in cash and SIPP closure £302 One-off Calculation and payment of benefits and issuing relevant documentation. This covers the payment out of the full fund all in cash, with exception of transfer to another pension arrangement and full wind-up of SIPP.
Full fund payment in specie and SIPP closure £442 One-off Calculation and payment of benefits and issuing relevant documentation. This covers the payment out of the full fund which hold an in specie element, with exception of transfer to another pension arrangement and full wind-up of SIPP.
Insufficient Liquidity Charge £60 Per event Covers the cost of administration caused by insufficient funds to pay benefits
Switch from Capped to Flexi Access/Flexible Drawdown £90 Per switch Administration required to change from Capped drawdown to Flexi Access/Flexible Drawdown.
Transfer in £60 Per pension transfer The administration involved in transferring a SIPP from one provider to ourselves. Capped at £360 including VAT per SIPP.
Transfer out £120 Per pension transfer The administration involved in transferring a SIPP from ourselves to another provider.

Additional SIPP charges only apply when you activate your SIPP (by making your first SIPP
investment). All SIPP fees are subject to VAT at the prevailing rate and are subject to annual review.

Good Value

Further Administration Charges

Registration of legal documents
(Estates)
£25
Same-day payment - on request £25
CHAPS payment £25
Payment by cheque or cash £25 for each cheque issued
Unpaid direct debits
(or bounced cheque)
£20
Insufficient funds
(to pay charges)
£25
Late settlement Charge
Sell out / Buy back charge
£40 per investment
Hard copy of any documents
(Contract note, statement, CTV)
£10 per document
Dividend Pay-away The minimum amount which we will pay away must exceed £25 per line of stock
Overdue payment £5 for first communication, £10 for each
additional communication
Valuation of holdings for probate £10 per stock
Registration of legal documents
(Estates)
£25
Copy of telephone call recording
(This fee is waived when we are found at fault)
£20
Transcript of telephone
call recording
(This fee is waived when we are found at fault)
£20

No charge on transfers
in

Other Charges

Transfers in
(Investment, JISA & ISA account only)
No charge
Transfers out
(Investment, JISA & ISA account only)
£15 per line stock
Dividend reinvestment 1% of the value of the dividend paid (capped at £10)
Stamp duty 0.5% for UK equities, 1% for Irish equities
PTM levy* £1
Share certificate conversion
(to online holding)
Free (only available for Crest securities)
Online share holding
conversion
(to paper certificate)
£20 per certificate (only available for Crest securities)

* Flat-rate charge on equity sales and purchases where the consideration is £10,000 or more to finance the Panel of Takeovers and Mergers.

Transfer to
Trustnet Direct

A BETTER HOME FOR YOUR FUNDS

First Class Service Trustnet Direct ISA

ISA ACCOUNTS FOR INVESTING

Trustnet Direct
Top 100 Funds

THE TRUSTNET DIRECT 100

Help me choose.
Ideas to get you
Investing

VIEW THE SELECTION
 
CLOSE