Sippcentre offers you low cost charges and rates. Our low charging structure means that your client’s money is working harder for them.
Please read the charges and rates for Sippcentre along with the terms and conditions.
Select the charges and rates you want to view using the links below.
(last updated on 6 April 2013)
When comparing charges between different providers, you should also compare the interest rates payable on your cash, particularly if you intend to hold significant sums of money in cash. The amount of interest paid will depend on the amount you choose to hold in cash and market interest rates. The table below shows the current interest rate that will be paid on cash held in your SIPP cash account and your Funds & Shares Service cash account (if applicable). For SIPPs please note that all cash will be held in your cash account until transferred or invested using one of our investment options.
|Cash balance||Interest rates (gross)||Interest rates (AER)|
- Interest rates are subject to variation and interest is paid to your account quarterly, in arrears.
- There are no routine bank transaction charges and interest is paid to your account without any deduction of tax.
- The Annual Equivalent Rate (AER) represents the annual rate effectively received by your account if the interest at gross rate applied during a year remained in the account and itself earned interest.
Whilst not directly relevant when comparing charges and interest rates, you should be aware that AJ Bell receives payments from banks based on the aggregate cash balances held across all accounts. The amount we receive will vary depending on the total cash balances held and market interest rates. Over the foreseeable future, we expect to receive between 0.25% and 0.5% per annum above the prevailing base rate, although it may be higher or lower when interest rates are volatile. These payments are used to pay interest at the rates shown on our website, and we retain the amount received above this level to keep our administration, custody and dealing charges low.
We do not receive any payments on external deposit accounts set up for your SIPP or cash held by any of our investment partners, except under the execution-only option.
There is currently no requirement for you to hold a minimum amount in cash, although you, and your adviser, must always ensure that there is sufficient cash held to cover our charges, adviser charges and any SIPP benefits, or other payments, when they are due for payment.
See how we compare against our competitors, view the latest reports from the lang cat and The Platforum.The lang cat – ‘Guide to platform pricing AJ Bell special’