Invest your money as cost-efficiently
as possible
For over 20 years, we have helped people to invest in their tomorrow.
AJ Bell Investcentre is only available through financial advisers, but we never forget whose money is being invested and how hard you have worked for it.
To help you benefit more from the money you invest, we always strive to keep our charges as low as possible.
Our approach to charging is designed to be simple, while at the same time recognising the need for fairness across a wide variety of customers with different requirements.
For illustrative purposes only.
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Mr Richards
Retirement Investment Account – tax-free lump sum payment only
Fund value £112,500 (invested via the Funds & Shares Service)
Total annual charge £281.25
Mr Richard needs a capital lump sum, and his adviser recommends that he withdraws his 25% tax-free entitlement from his Retirement Investment Account. He receives his 25% tax-free lump sum, with the rest of his funds now being held in drawdown.
Breakdown of annual charges
£0 There is no administration charge on assets that are invested using the Retirement Investment Account. £281.25 The custody charge is based on 0.25% of the remaining £112,500 when using the Funds & Shares Service in the Retirement Investment Account. £0 There is no annual flexi-access drawdown charge payable for drawdown funds held in the Retirement Investment Account. Taxable income can be withdrawn from funds held in drawdown at no additional cost. -
Mrs Graham
ISA and General Investment Account
Fund value £100,000 (across both accounts)
Total annual charge £200
Mrs Graham’s adviser recommended that she consolidates her existing stocks and shares ISA and General Investment Account (GIA) with AJ Bell Investcentre.
Breakdown of annual charges
£0 There is no administration charge on ISAs or GIAs £200 The custody charge is based on 0.20% of £100,000. -
Mr Singh
SIPP, ISA and General Investment Account
Fund value £210,000 (£150,000 in his SIPP, £45,000 in his ISA and £15,000 in his GIA)
Total annual charge £420
Mr Singh has transferred his existing savings to an AJ Bell Investcentre SIPP, ISA and General Investment Account (GIA) on his financial adviser’s recommendation.
Breakdown of annual charges
£0 The quarterly administration charge covers standard administration on the SIPP and is waived if £200,000 or more of SIPP, ISA and GIA assets are invested using our Funds & Shares Service. £420 The custody charge is based on 0.20% of £210,000. -
Mr Ward
SIPP account at retirement – regular pension lump sum payments, including 25% tax free
Fund value £400,000 (invested via the Funds & Shares Service)
Total annual charge £920
Mr Ward’s financial adviser recommends that he takes regular pension lump sum payments from his SIPP. For each regular payment, 25% is paid free of tax and the remainder is taxable.
Breakdown of annual charges
£0 The quarterly administration charge covers standard administration on the SIPP and is waived if £200,000 or more of SIPP, ISA and GIA assets are invested using our Funds & Shares Service. £770 The custody charge is based on 0.20% on the reducing balance when using the Funds & Shares Service. £150 The regular pension lump sum payment charge is payable when regular pension lump sum payments are taken from the SIPP. -
Mrs Jones
SIPP account at retirement – full closure, pension lump sum payment, with 25% tax free
Fund value £80,000
Total annual charge £435
Mrs Jones’s financial adviser has recommended that she transfers in an existing pension arrangement into an AJ Bell Investcentre SIPP, prior to drawing benefits. She wants to withdraw the full value of the account in one go.
Breakdown of annual charges
£0 SIPP initial setup charge. £50 The quarterly administration charge would be £50 and covers the standard administration on the SIPP. This would be payable for one quarter only. £0 There would be no charges for custody or investment administration, as no investments are being made. £60 The transfer-in charge covers the cost of administering a pension transfer from another provider. £75 The one-off pension lump sum charge covers the administration in processing the payment. £250 An account closure charge is applicable when closing a SIPP account within 12 months of opening. -
Mr Evans
SIPP account at retirement – Conversion to flexi-access drawdown
Fund value £500,000 (invested via the Funds & Shares Service)
Year 1 charge £1,074
Year 2 charge £757
Mr Evans’s financial adviser recommends that he converts his capped drawdown fund to flexi-access drawdown, so he can draw a higher level of income. He wishes to draw £10,000 per month, which is more than his current annual maximum.
Breakdown of annual charges
£0 The quarterly administration charge covers standard administration on the SIPP and is waived if £200,000 or more of SIPP, ISA and General Investment Account assets are invested using our Funds & Shares Service. £849 The custody charge is based on 0.20% on the reducing balance when using the Funds & Shares Service. £75 This is a one-off charge for converting capped drawdown funds to a flexi-access drawdown fund. £150 The annual flexi-access drawdown charge is payable while drawdown funds are in the SIPP. Taxable income can be withdrawn from funds held in drawdown at no additional cost. -
Mr Smith
SIPP invested via the Managed Portfolio Service
Fund value £250,000
Total annual charge £875
Breakdown of annual charges
£0 The quarterly administration charge covers standard administration on the SIPP and is waived if £200,000 or more of SIPP, ISA and General Investment Account assets are invested using our Funds & Shares Service. £500 The custody charge is based on 0.20% of £250,000 when using the Funds & Shares Service. £375 The MPS charge is based on 0.15% of the total fund value invested using the MPS. -
Miss Davies
Lifetime ISA invested into the AJ Bell Funds
Fund value £5,000
Total annual charge £10
Miss Davies wishes to open a Lifetime ISA to help save for her first house. She contributes the maximum annual subscription allowed into a LISA of £4,000 which is then topped up by the 25% government bonus, meaning she has £5,000.
Breakdown of annual charges
£0 No administration charge is applicable on an ISA £10 Custody charge - based on 0.20% of £5,000 when using the Funds & Shares Service.
