Full details of all the charges can be found in the Charges Guide.
As there are numerous investment options within the active money SIPP, different charges apply. The information contained here details the SLIP and SIPP FundZone charges.
Your client may receive a discount to reduce the effect of the fund management charge (FMC) on their SLIP funds. It depends on the value of their combined SLIP and SIPP FundZone holding and the funds in which they're invested in.
The allocation rate for all payments is 100%
Yearly administration charge for SLIP funds |
£0 |
Fund Management Charge |
From 0.5% to around 2.0% a year depending on the funds chosen |
Additional expenses |
May apply depending on the funds chosen |
Switch charge |
Currently free but we reserve the right to make a charge in the future |
Your client may receive a discount to reduce the effect of the fund management charge (FMC). It depends on the value of their plan and the funds in which they're invested.
Each month we'll use the value of your client's combined SLIP and SIPP FundZone holding, to work out which discount percentage, if any, applies to them. the thresholds for the different percentages are set out in the table below.
| Fund (combined value of SLIP and SIPP FundZone Funds) | Discount % |
Less that £50,000 |
None |
£50,000 to £249,999 |
0.3% a year |
| £250,000 to £499,999 | 0.4% a year |
| £500,000 or more | 0.5% a year |
In any month where your client is eligible for a discount, we'll apply that discount to any fund they're invested in which has a standard FMC of 1% a year or more by adding extra units to that fund. We won't apply any discount to a fund with a standard FMC that's less than 1%. But any investment your client has in these funds will still count towards their plan value when we work out the discount percentage that applies to them.
The allocation rate for all payments is 100%
Yearly administration charge for SIPP FundZone funds |
£0 / £108 / £215 (dependant on the combined value of SLIP and SIPP FundZone funds) |
Fund Management Charge |
From 0.5% to around 2.0% a year depending on the funds chosen |
Additional expenses |
May apply depending on the funds chosen |
Switch charge |
0.25% of monies switched (Please note this charge is waived until 30 June 2010) |
Your client may receive a discount to reduce the effect of the fund management charge (FMC) on their SIPP FundZone funds. It depends on the value of their combined SLIP and SIPP FundZone holding.
Each month we'll use the value of your client's combined SLIP and SIPP FundZone holding, to work out which discount percentage, if any, applies to their SIPP FundZone funds. The thresholds for the different percentages are set out in the table below.
| Fund (combined value of SLIP and SIPP FundZone Funds) | Discount % |
Less that £50,000 |
None |
£50,000 to £249,999 |
0.25% a year |
| £250,000 to £499,999 | 0.3% a year |
| £500,000 or more | 0.35% a year |
In any month where your client is eligible for a discount, we'll apply the discount by paying cash into the SIPP Bank Account once a month.
Daniel is a 31–year–old freelance business analyst, earning £40,000 a year. He recently bought his first property — a two–bedroom flat in a modern development right in the heart of Bristol city centre. For him, the location of his flat is key as he loves the buzz of city living and the fact that he lives so close to many of his clients.
At this stage in his life, Daniel is making the most of his disposable income by splashing out on good restaurants and nights out. Every year, he likes to go on a surfing holiday and a couple of golfing weekends with his friends. He enjoys life’s little luxuries, so he’ll usually stay in good accommodation.
At the moment, Daniel’s not interested in spending too much time managing his money. He’s just started thinking about investing his money rather than simply saving — particularly when it comes to his pension. While he normally researches financial products online, he feels he needs some additional guidance from an expert in planning for his future.
He’d like to start putting away money for tomorrow but as he wants to carry on enjoying a full social life, he only wants to invest £200 per month right now. This makes the active money personal pension the ideal starting point for him, as it offers him the opportunity to invest in a pension that is easy to manage. And, later on in life when he wants to become more involved with his money, he has the flexibility to switch to the more hands–on active money SIPP.
This case study is not based on a real life example and is for illustration only. Standard Life does not accept any responsibility for advice given based on this case study. Any advice given is the responsibility of the adviser. Other arrangements may be equally valid.
As a 40–year–old working mum of three, Amanda leads a hectic life. She works four days a week as an accountant, while her husband is a full–time PR consultant. As her role is part–time and she is able to work more flexible hours, she takes on the bulk of the childcare.
Both of them are passionate about their careers and work hard, but they like to make the most of their leisure time too, limited though it is. They love to travel and are keen to take the kids abroad as often as possible — at least once a year. Both of them love wine tasting and walking, so France and Italy are favourite destinations.
Amanda and her husband have always been careful with their money, saving as much as possible and searching out the best mortgage deals. Now they’re starting to do more with their money — moving from saving products towards building a portfolio of investments. They’re keen to build up a substantial pot of money for the future — they’re already putting money aside for their children’s school fees, as well as for their own retirement.
Amanda has a couple of old company pensions from her previous jobs, but she’s now looking for something with a bit more flexibility. While she’s keen to prepare for her financial future, she wants an easy–to–manage pension that gives her complete control over her payments — so the active money personal pension offers her the flexibility she needs. What’s more, she might even be interested in combining her various pension investments in the future, so it would be good to have that option available too.
This case study is not based on a real life example and is for illustration only. Standard Life does not accept any responsibility for advice given based on this case study. Any advice given is the responsibility of the adviser. Other arrangements may be equally valid.
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