Here’s a brief outline of the charges and commission for our Alternatively Secured Pension. For a more detailed explanation, have a look at our Charges and Commission Summary.
| Age limit | Minimum 75, no maximum |
| Minimum transfer | £35,000 |
| Contributions permitted | Transfers only |
| Bid/Offer spread | n/a |
| Establishment charge | n/a |
| Annual management charge (AMC) | 0.6% on clean terms For certain funds there will be additional charges/expenses. Please have a look at our Investment options guide and the personal illustration for full details. |
| Surrender charge | Nil |
| Policy fee | Nil |
| Income payments | No charge to set up or change income payments and for ad hoc or one-off payments (Income taken must be between a minimum of 55% and a maximum of 90% of Government Actuary's Department (GAD) rates for a 75-year old). |
| Allocation rate | 100% |
| Switching | Up to 20 free for each plan year |
| Fund restrictions | Maximum of 10 may be chosen |
| Self-investment | Minimum of £35,000 must remain invested in the insured element |
| Self-investment charges | Please see our SIPP option charges guide for details |
| Early exit charge | Nil |