The following charges stated below apply to ALL accounts including, Investment Trading Account, Joint Investment Trading Account, Stocks and Shares ISA Trading Account, Stocks and Shares Junior ISA Trading Account and SIPP Trading Account.
|Set up cost||No charge|
|Cash payment in||No charge|
|Transfer in||No charge, except for SIPP Trading Account (see ‘Additional SIPP charges’ for pension transfer in charges)|
Annual administration charge
(applicable on all investments, including unit trusts, OEICs, investment trusts, ETFs, VCTs, shares and cash)
This charge applies to each account separately. It is tiered within bands as follows:
This charge is subject to a minimum of £12.50 per quarter. This charge is calculated daily, based upon the value of your investments and charged to the account at quarterly intervals on 31st March, 30th June, 30th September and 31st December each year.
Dealing or trading fee
Applies every time you buy or sell unit trusts, OEICs, investment trusts, ETFs, VCTs and UK shares
|£5.95 per trade (online only)|
|Telephone dealing||All telephone dealing instructions will be subject to an additional dealing charge of £25.|
|Dividend administration charge||£2 per dividend administration charge for each distribution (including accumulation distributions) allocated to the account, limited to the value of the distribution allocated where less than £2.|
|Receiving statements, contract notes and business confirmations in paper format||£10 plus VAT every 6 months|
|Receiving Company Reports and Accounts||£10 per report for supplying on request, a company’s Interim Report or Annual Report and Accounts|
|Arrange company meetings||£10 per occasion to arrange for you to attend and vote at company meetings|
|Cash withdrawal paid to your nominated bank account||No charge|
|Same day payment||Same day payments will incur a charge of £20|
|Cash transfer out to another provider||£15|
|Stock transfer to another provider or in your name||£15 per holding|
|Account closure fee||£25 plus VAT|
Taxes and Levies
|Stamp Duty or Stamp Duty Reserve Tax (SDRT)||
Stamp duty or SDRT on all UK share purchases is payable at the prevailing rate at the time of dealing.
The current rates are:
Stamp Duty apply primarily to transactions when you buy:
|PTM (Panel on Takeover and Mergers)||£1 on all UK share deals over £10,000|
Additional SIPP (pension) charges (For complete charges, please see Carey pensions full Fee Schedule on our website). The following SIPP charges are in addition to the above charges. All SIPP fees are subject to VAT, which is currently 20%.
|Establishment fee||No charge|
Annual administration fee
Annual fee depends on the value of your SIPP.
The first year fee is from the date of establishment to 31st December and charged in advance. Renewals are on 1st January each year thereafter.
|Transfer in from a Personal Pension||£60 per transfer|
|Transfer in from an Occupational Scheme||£250|
|In-specie transfers (transfer in) or in-specie contributions||
For the transfer of assets other than cash, excluding property and non-standard investments.
|Transfer in from overseas / international||Time cost, please contact us. The applicable rate will be advised beforehand.|
|Transfer out to any UK registered pension scheme||
|Transfer out to any overseas scheme||£500|
|Annuity Purchase - Partial or cash transfers||£300|
Flexi Access Drawdown
|Establishment of Flexi Access Drawdown and payment of Pension Commencement Lump Sum (PCLS)||£250 chargeable at each crystallisation event (i.e. when you access your pension)|
|Uncrystallised Fund Pension Lump Sum (UFPLS)||£250|
|Small Pots payment||£125 (For values of £10,000 or less)|
|Closure of Scheme following Flexi Access / UFPLS payment||One year’s annual administration fee (see above)|
|Calculation of Benefits||£150 per quote (in advance). Applies to partial, full or phased.|
|Review of Pension Income Limits||£150 charged at each review|
Banking (Sharia compliant bank account with Al Rayan Bank plc)
|Death Claims||£500. However, if a complex case it may be higher and move to time-cost basis @ £150 p/h|
|Divorce - partial transfer||£300. However, if a complex case it may be higher and move to time-cost basis @£150 p/h|
|Divorce - full transfer||£500. However, if a complex case it may be higher and move to time-cost basis @ £150 p/h|
|Client/Trustee meetings||£200 plus travel. Hourly rate for senior member of team/Trustee attendance. The applicable rate will be advised before the meeting is set up.|
The investments you choose may have their own initial and annual charges and bid/offer spread, set and levied by the manager of that investment. Please read the Key Investor Information Document (KIID), prospectus, factsheet and the key documents for your chosen investment carefully. Stamp duty may also be applicable for certain shares.
The charges above (excluding SIPP) will be shared between JBS and Simply Ethical as agreed between both parties. Simply Ethical or JBS does not receive anything from the above SIPP charges.
The SIPP allows access to standard or mainstream investments only. Please contact us, should you have any queries.