Legal & General
SELF-ADMINISTERED PENSION PLAN
Type: Small self-administered scheme offering a choice of four investment options.
Minimum investment: For Start-Up, Unit Trust and Select – ranges from £75 a month or £750 a year up to £500 a month or £5,000 a year dependent on investment option chosen and number of scheme members. For Full Service – no minimum.
Investment choice: Four options: Start-Up – 100 per cent invested in Legal & General's executive pension plans, Unit Trust – 90 per cent invested in Legal & General's executive pension plans, Select – partially invested in Legal & General's EPPs but also offering wider investment options, Full Service – full SSAS investment range.
Charges: For Start-up, Unit Trust and Select – monthly – £5, establishment – none, annual – Start-Up and Unit Trust – none, Select – investments of £5,000 to £9,999 – £250 a year, £10,000 to £14,999 – £150 a year and £15,000 plus – none. Full Service – typically £2,000 a year.
Allocation rates: Depends on option chosen and level of investment.
Special offer: Reduced plan charge to £3 a month on investments where there is some investment outside of Legal & General's policies.
Offer period: Until April 5, 1999.
Commission: In-house investments – 100 per cent of Lautro plus uplift.
Tel: 01737 374346.