Living Annuity Plan: Charges

The charges applicable from 1 January 2012 are as follows:

Set-up	GBP 10,000
Annual administration	0.6% p.a. (min GBP 2,500 max GBP 7,000)
Transaction fee	GBP 36 per purchase or sale of security within the Plan.

The charges are increased if unquoted securities are included in the Plan to cover additional costs.

Set-up	GBP 1,500 per unquoted security
Annual administration	GBP 500 per unquoted security

The charges are deducted quarterly in arrears.  

The above charges can be varied.