With the do-it-yourself option Personal Pension from Standard Life Assurance Limited you'll be able to choose from a wide range of funds.

  • No additional charge for switching funds
  • Access to hundreds of funds from leading fund managers

For your overall charge, you'll get this:

  • Access to a wide selection of funds covering different asset classes, regions and investment styles
  • Online features and flexibility makes it easy to manage and keep up to date

With no extra charge for this:

  • Transferring other pensions
  • Setting up your pension (no initial charge)

Minimum payments

Choose how much you’d like to put into your DIY option Personal Pension:

  • £100 per month - this can be £80 per month from you and £20 from the taxman
  • £1,000 single payment - this can be £800 from you and £200 from the taxman


If the value of your pension exceeds the below amounts, we’ll add money to your pension as a discount to fund charges.

Plan value less cash on depositDiscount %
Under £25,000 None
£25,000 - £249,999 0.3% a year
£250,000 - £499,999 0.4% a year
£500,000 + 0.5% a year

These discounts don’t apply to all funds. For more information have a look at our fund and charges guide.

Total fund charge

This is what we charge each year for investing in a fund. It’s made up of the annual management charge plus any additional expenses which apply.

  • Annual management charge
    A charge applies to money invested in funds to cover the costs of running them. This is known as the annual management charge (AMC) and is shown as an annual rate. However, the AMC is deducted from each fund on a daily basis, which has the effect of reducing its unit price. The AMC is also sometimes referred to as the fund management charge (FMC).
  • Additional expenses
    Additional expenses may be deducted from some funds. They include items such as custodian, third party administration, trustee, registrar, auditor and regulator fees. Where a fund invests in other underlying funds, they may also include the underlying management charges. As the additional expenses relate to expenses incurred during the fund management process, they will regularly increase and decrease as a percentage of the fund, sometimes significantly. The additional expenses figure shown is the annual rate of the charge. Where additional expenses apply, they are taken into account when the fund's unit price is calculated each day.

If a performance fee applies to a fund, it is included in the additional expenses figure retrospectively.

Overall charge

This is the total fund charge, minus any discount which applies.


These charges are not guaranteed. They are regularly reviewed and may change in the future.

Trustee cash account

We offer the facility to hold cash on deposit within the plan. We may pay an interest rate on the cash held in this account. For current interest rates.

ISA key featuresPlease read the full details of all charges, reductions to charges and terms in the

 fund and charges guide

Remember, as with any investment, the value of your funds can go down as well as up, and may be worth less than you paid in.

Looking for a simpler way to save for your retirement? Take a look at our easy option Personal Pension.