Charges and disclosure documents

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
Cofunds' platform fee 0.20%
Chelsea's fee 0.40%

Amounts between £250,000 and £500,000
Cofunds' platform fee 0.20%
Chelsea's fee 0.35%

Amounts between £500,000 and £1m
Cofunds' platform fee 0.20%
Chelsea's fee 0.30%

Amounts between £1m and £2m
Cofunds' platform fee 0.15%
Chelsea's fee 0.25%

Amounts over £2m
Cofunds' platform fee 0.15%
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 0.6%, then for the next £250,000 you pay 0.55% and so on.

 

Disclosure documents

Below are some important documents that you need to read before signing up to the Cofunds SIPP via Chelsea FundStore. Please make sure that you visit our general disclosure documents section for the general terms and conditions of both Chelsea and the Cofunds platform. If you would like these documents sent to you in the post, please let us know.