Enhanced choice, convenience & control built into this flexible pension

Product charges
Collectives through Cofunds
Installation charge	Nil
Fund transaction charge	Nil
Transfer charge	Nil
Switch charge	Nil
Annual charge	Less than £150,000	£200 pa + VAT*
	£150,000 - £275,000	£100 pa + VAT*
	More than £275,000	Nil

Insured funds available through Legal & General
Installation charge	Nil
Switch charge	Nil
Annual management charge (AMC)	Less than £25,000	0.6% p.a.
	£25,000 and over	0.1% p.a.
0.5% a year additional AMC until the insured fund(s) value first reaches £15,000 at the start of the plan month.
Potential additional 1% could be payable depending on the commission basis selected by the intermediary.

Other self investment – not through Cofunds
	Installation charge	Annual charge

Option A Allowing investment in stocks, shares, unit trusts, OEICs and a single TIP etc.	£295 + VAT	£200 + VAT

Option B Allowing investment in any self invested assets permitted under the scheme.	£295 + VAT	£375 + VAT


Income withdrawal
Insured Funds	Set up and Annual charge – Nil
Any self-invested option, including collective investments through Cofunds.	Set up charge - £130 + VAT. Annual charge - £130 + VAT (if income payments have been made from self invested assets in the preceding 12 months).
Other charges may apply, please refer to the Portfolio Plus SIPP (CP) Terms Sheet.

*From 1 August 2008 until further notice, the annual charge for collective investments through Cofunds will be reduced by 14.9%. This reduction will mitigate the impact of the VAT applicable, so that the annual charge including VAT will remain at £200, £100 or Nil for the period of the special offer depending on the value of collective investments through Cofunds. If Option A or Option B assets are held in addition to collective investments through Cofunds, then the full annual charge of £200 plus VAT or £375 plus VAT will apply.