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Suffolk Life – SmartSipp

Suffolk Life – SmartSipp

Type: Platform-based full self-invested personal pension

Minimum investment: No minimum

Investment choice: Listed stock & shares, UK gilts, depositary interests, listed warrants, listed futures, options and derivatives, open-ended funds including Oeics, unit trusts and hedge funds, closed-ended funds, including investment trusts and Reits, tax exempt unit trusts, exchange traded funds and exchange traded commodities, structured products, deposit accounts, National Savings and Investments products permitted to be held by corporate trustees

Charges: Establishment fee £100 for paper applications, no fee for online applications, annual £250, additional annual fee £100 where one or more investments is held direct with fund provider, contributions made other than direct debit or cheque with original application and refund of contributions £25 each, cash transfers in other than where adviser complete transfer discharge form and chases the transferring scheme £75 each subject to £300 maximum, additional charges for in specie transfers, investment transaction fee £75 for investments held direct with fund provider, corporate actions processed through  Suffolk life £25, drawdown set up, lifetime allowance test at age 75, switching from capped to flexible drawdown, annual income fee and review of capped drawdown limits £155 each, payment of whole fund as penson income through flexible drawdown £300, lifetime annuity purchase/triviality payment £75, handling death/serious ill health claim or pension sharing order £300, cash transfer out £75, additional charges for in specie transfers out and transfers out to Qualifying Recognised Overseas Pension Schemes

Commission: Fee agreed between adviser and client

Tel: 0870 414 7000


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