SIPP Charges

Below is a full list of fees that you agree to pay to Willis Owen when holding your investments on the Willis Owen platform. The fees shown are inclusive of VAT where applicable.

Service fee

Tier
Rate
£0 - £50,000
0.60%
£50,001 - £100,000
0.40%
£100,001 - £250,000
0.25%
£250,000 +
0.15%

These costs are for each tiered rate of your SIPP only. So, on the first £50,000 invested, you pay 0.60%, which equates to £300 per annum, then for the next £50,000 you pay 0.40%, which equates to £200 per annum and so on.

Tier and fee calculations are based on Funds, Shares, Investment Trusts, ETFs and Cash balances.

Our fees are blended for ISA, GIA and SIPP products. For further details on all our fees please click here.

SIPP

Levy
Rate
Drawdown fee
£132

Trade fees - buying and selling

Investment Options
Single Transaction
Regular Saving
Funds
no fee
no fee
Shares
£7.50
n/a
Investment Trusts
£7.50
n/a
ETFs
£7.50
n/a

Government levies

Levy
Rate
UK Stamp Duty *
0.50%
PTM levy **
£1.00

* UK Share purchases
** UK Share deals over £10,000

Transfer fees

Levy
Rate
Transfer in
£0
Transfer out
£0

Interest

Embark receives interest at a rate of 0.40% which is currently passed on in full to customers. The Terms and Conditions allow for some or all of this interest received to be retained by Embark.

Timing of fees

All fees will be charged against the relevant transactions apart from:

  • Service fee - charged as 1/12th of the relevant annual percentage each month based on the value of your Account calculated each day
  • SIPP drawdown fee - charged each time you designate Funds to a drawdown arrangement.