Jèrriais translation: advanced (adj. - ahead of the times; progressive)

Avanchi Home Page  /  Lower-cost

Lower costs and charges: Avanchi makes planning for your retirement easy and straightforward, while keeping costs to a minimum.

It offers a competitive, transparent charging structure - there are no hidden costs or fees to pay. Furthermore, the twice-yearly statements allow you to see where every penny of your contributions is being invested and spent.

Transparent charging structure

There are no hidden fees or charges with Avanchi. You will know exactly where your money is being invested and our twice-yearly statements ensure that you have the latest information at your fingertips. In addition - because a pension is a tax-efficient way to save - we provide a set of accounts at the end of each year. These will help to take the strain out of completing your annual tax return. Charges can be broken down into three categories: establishment fees, on-going charges and fees payable to third parties.

There is a one-off establishment fee of £500 for each 'cell'. This is deducted from the funds received into your pension.

On-going charges inlcude a 1% contribution charge deducted from all contributions to your pension. Transfers from existing pension arrangements will attract a 0.25% charge (subject to a maximum of £500). There is twice-yearly administration fee that is calculated according to the rate of your pension fund value, as calculated at 30th June and 31st December each year. You will also receive a detailed statement on your fund so you know exactly how your pension is performing. The rates deducted are as follows:

Funds up to £200,000	0.50%
Funds from £200,000 to £500,000	0.25%
Funds over £500,000	0.10%

Fees payable to third parties include an annual filing fee of £150 which is payable to the Jersey Financial Services Commission. This is deducted from your pension. Fund managers also levy an Annual Management Charge which is payable directly from the underlying investment. Favourable terms are available.

Full details of the charges and fees can be found in the Avanchi Fee Schedule. Our advisers will be happy to provide these for you.  Call 755165 or email mail@osiristrustees.co.uk

Try the Avanchi pension calculator