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How do I pay charges?

We'll take them from the cash you hold in your SIPP account automatically each month.

How much cash you’ll need for fees depends on the value of your investments. We’ll suggest an amount for you based on your holdings, which you can see in your SIPP when you log in. Just look for the 'suggested minimum balance' on your account dashboard.

Remember any available cash held on your account will be used to pay fees first over any pending income withdrawal. So if you’re planning on making withdrawals from your drawdown plan, you’ll need to make sure you have enough available cash to cover both your fees and withdrawals.

Please see the drawdown charges page for full details, including dealing charges.

What happens if there's not enough cash in my account?

If there isn’t enough cash in your SIPP to pay charges each month, we’ll take charges from any cash in your HL Fund and Share Account (if you have one). If there’s not enough cash in your account, we’ll sell some of your investments to cover charges. To sell shares, we'll charge £1.50 per deal. There is no charge to sell funds. Full details can be found in our terms and conditions.

You can set up an alert and we’ll notify you if there isn’t enough cash available.

Paying charges from a different account

If you’d like to always pay your SIPP charges from cash in your HL Fund and Share Account, it’s easy to set this up online.

  1. Log in and click on the 'Account Settings' tab
  2. Select the 'Fees and Minimum Cash Balance' section
  3. Click on 'Edit fee collection options' and follow the instructions

Still need help?

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