Charges

Chelsea has always been renowned for its investment expertise and for being the first fund broker to discount the initial charge. To continue with this trend, opening a SIPP via us remains a competitive way of saving.

• 0% set-up charge
• 0% initial charge on funds
• Competitive service and platform charge
• Free telephone dealing
• Free transfer in
• Free switching
• Low-cost drawdown option
• Twice-yearly statement with expert research commentary
• Pre and post sale illustration
• 20% tax relief automatically reclaimed by Suffolk Life (based on relevant earnings)
• Access to tax-free cash from 55
• 0% charge processing probate
• Dedicated Chelsea pension administrator

Investing in a pension has the same charges as if you were to open an ISA, or (non-ISA wrapped product) via us:

Up to £250,000 held with Chelsea
Aegon's platform fee 0.15%
Chelsea's fee 0.40%

Amounts between £250,000 and £500,000
Aegon's platform fee 0.15%
Chelsea's fee 0.35%

Amounts between £500,000 and £1m
Aegon's platform fee 0.10%
Chelsea's fee 0.30%

Amounts between £1m and £2m
Aegon's platform fee 0.10%
Chelsea's fee 0.25%

Amounts over £2m
Aegon's platform fee 0.10%
Chelsea's fee 0%

These costs are based on the whole portfolio, so all of your assets contribute to the total and are not product specific (for example ISA, SIPP). On the first £250,000 invested you pay 0.55%, then for the next £250,000 you pay 0.50% and so on.

For full details of platform and drawdown charges for the SIPP, click here.