L&G Portfolio Plus SIPP

Overview

Benefits In Brief

The Legal & General Portfolio Plus SIPP has one of the widest ranges of insured funds on the market (over 300) plus the opportunity to invest in collectives on Cofunds

• A minimum investment of £25,000 (which can now include Protected Rights) either in insured funds, collective investments or a combination of both before any other self investments
• Invest in up to 50 insured funds per contribution/payment type (with a maximum of 100 across the plan)
• Offers funded commission up to age 75 for single contributions transfer values and contracting out rebates (previously age 70)
• Accepts Pension Credits
• Accepts Protected Rights and has income withdrawal facilities
• Has competitive annual charges for larger fund sizes with no switching or installation charges for Cofunds collective investments
• Benefits from Cofunds award winning platform functionality which now includes electronic buy and switch capabilities for platform collectives.

Special Offer - Portfolio Plus Income Withdrawal

Income withdrawal minimums have been reduced for both designated and undesignated funds within the Legal & General Portfolio Plus SIPP and Portfolio Plus Pension.

Features

Investment option available

300+ insured funds
1,000 + collective funds from over 70 fund managers on Cofunds
A wide range of other self invested assets

Online features

Access to view online valuations and commission MI. Transaction history is currently unavailable.

Pre-fund tax relief

Yes

Protected rights

Yes

Drawdown

Yes

Flexible drawdown

No

Minimum transfer value & single premium

£5,000. Once minimum contribution levels have been met, subsequent single contributions or transfer values of £1,000 or more can be paid

Minimum regular contribution

£200 per month / £2,400 a year into insured funds

Collective fund switches

Free for funds through Cofunds

Charges

Collectives Through Cofunds

Charge	Fund Value	Rate
Installation charge	NA	Nil
Fund transaction charge	NA	Nil
Transfer charge	NA	Nil
Switch charge	NA	Nil
Annual charge	Less than £150,000	£200 pa + VAT
	£150,000 - £275,000	£100 pa + VAT
	More than £275,000	Nil

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