What are the charges that are applied to my Aegon Secure Capital bond?

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Here you can find out about the charges that apply to your Aegon Secure Capital bond.

How much we charge depends on the guarantee(s) you’ve selected, your choice of funds and when the bond was taken out. Your 'Policy schedule' will clearly show what guarantee options you chose. Please note that our policy conditions allow us to change our charges in certain conditions.

To find out the charges that apply to your bond, you should first check the number that appears on  'Your policy conditions' booklet and then view the details below corresponding to the number.

Annual management charge

The annual management charge is specific to the fund(s) you’re invested in.

Funds

Annual management charge

UK Cash fund  0.50%

Core Portfolios

0.50%

Guarantee option fee

If the bond is invested in a mixture of the Core Portfolios and/or UK Cash fund, we’ll calculate the percentage fee proportionately. Each quarter, we’ll average the daily percentage fees and apply them to the bond.

We’ll apply the fee as a percentage of the guaranteed capital value. The guarantee option fee will be deducted assuming there’s a fund value.  At the end of your guaranteed capital term, we stop deducting the guarantee option fee.

Guarantee option A - guaranteed capital and guaranteed death benefit option selected

The table below sets out our guarantee option fee if your bond was taken out on or before 22 March 2012.

Guaranteed capital term selected

UK Cash fund

Core Portfolios
(UK fixed interest/UK equities split)

   

80/20

70/30

60/40

50/50

8

0.30%

1.15%

1.90%

n/a

n/a

9

0.30%

1.00%

1.60%

n/a

n/a

10

0.25%

0.80%

1.25%

1.90%

n/a

11

0.25%

0.70%

1.10%

1.65%

n/a

12

0.20%

0.60%

0.95%

1.40%

2.05%

13

0.20%

0.55%

0.90%

1.30%

1.90%

14

0.20%

0.55%

0.80%

1.20%

1.70%

15

0.15%

0.50%

0.75%

1.10%

1.55%

16

0.15%

0.50%

0.70%

1.05%

1.50%

17

0.15%

0.45%

0.70%

1.00%

1.45%

18

0.15%

0.45%

0.65%

1.00%

1.40%

19

0.15%

0.40%

0.65%

0.95%

1.35%

20

0.10%

0.40%

0.60%

0.90%

1.30%

The table below sets out our guarantee option fee if your bond was taken out from 23 March 2012 onwards. In some instances, where your bond was set up from 23 March 2012 up to and including 13 April 2012, your bond will have the guarantee option fees shown in the table above. If your bond was started within these dates then you should call our Client Relations team on lo-call 0345 6000 173 if you're calling from the UK, or 00 353 1 673 8840 if your calling from outside the UK to confirm which guarantee option fees apply to your bond. Your 'Policy schedule' will confirm when your bond was started.

Guaranteed capital term selected

UK Cash fund

Core Portfolios
(UK fixed interest/UK equities split)

   

80/20

70/30

60/40

10

0.45%

1.60%

2.40%

n/a

11

0.45%

1.35%

2.00%

n/a

12

0.35%

1.05%

1.60%

2.30%

13

0.35%

0.90%

1.45%

2.00%

14

0.35%

0.90%

1.25%

1.80%

15

0.25%

0.70%

1.05%

1.60%

16

0.25%

0.65%

0.90%

1.45%

17

0.25%

0.60%

0.90%

1.35%

18

0.25%

0.60%

0.80%

1.25%

19

0.25%

0.55%

0.80%

1.15%

20

0.15%

0.50%

0.70%

1.05%

Guarantee option B - guaranteed capital option only

The table below sets out our guarantee option fee if your bond was taken out on or before 22 March 2012.

Guaranteed capital term selected

UK Cash fund

Core Portfolios
(UK fixed interest/UK equities split)

   

80/20

70/30

60/40

50/50

8

0.25%

1.05%

1.75%

n/a

n/a

9

0.25%

0.90%

1.45%

n/a

n/a

10

0.20%

0.70%

1.10%

1.70%

n/a

11

0.20%

0.60%

0.95%

1.45%

n/a

12

0.15%

0.50%

0.80%

1.20%

1.75%

13

0.15%

0.45%

0.75%

1.10%

1.60%

14

0.15%

0.45%

0.65%

1.00%

1.40%

15

0.10%

0.40%

0.60%

0.90%

1.25%

16

0.10%

0.40%

0.55%

0.85%

1.20%

17

0.10%

0.35%

0.55%

0.80%

1.15%

18

0.10%

0.35%

0.50%

0.80%

1.10%

19

0.10%

0.30%

0.50%

0.75%

1.05%

20

0.05%

0.30%

0.45%

0.70%

1.00%

The table below sets out our guarantee option fee if your bond was taken out from 23 March 2012 onwards. In some instances, where your bond was set up from 23 March 2012 up to and including 13 April 2012, your bond will have the guarantee option fees shown in the table above. If your bond was started within these dates then you should call our Client Relations team on lo-call 0345 6000 173 if you're calling from the UK, or 00 353 1 673 8840 if you're calling from outside the UK to confirm which guarantee option fees apply to your bond. Your policy schedule will confirm when your bond was started.

Guaranteed capital term selected

UK Cash fund

Core Portfolios
(UK fixed interest/UK equities split)

   

80/20

70/30

60/40

10

0.40%

1.50%

2.25%

n/a

11

0.40%

1.25%

1.85%

n/a

12

0.30%

0.95%

1.45%

2.10%

13

0.30%

0.85%

1.30%

1.80%

14

0.30%

0.85%

1.10%

1.60%

15

0.20%

0.60%

0.90%

1.40%

16

0.20%

0.55%

0.80%

1.25%

17

0.20%

0.55%

0.80%

1.15%

18

0.20%

0.50%

0.70%

1.05%

19

0.20%

0.50%

0.70%

0.95%

20

0.15%

0.45%

0.60%

0.85%

Initial charge

An initial charge may apply to your bond. Your 'Charges schedule' will give you full details of this charge.

Establishment charge

An establishment charge may apply to your bond. Your 'Charges schedule' will give you full details of this charge.

Fund based trail charge

A fund based trail charge may apply to your bond. Your 'Charges schedule' will give you full details of this charge.

Cash-in charges

Cash-in charges may apply. Your 'Charges schedule' will give you full details of this charge.

Switching charge

We’ll give you 12 free switches a year. We’ll charge £25 or 0.25% of the value of units to be cancelled, whichever is the highest, for each switch over and above the limit.

One free switch covers the sale and purchase of funds.

Currency conversion charge

If the premium isn’t paid in UK Sterling and we need to convert the currency, we’ll deduct a currency conversion charge. This will be a percentage of the amount being converted. Your 'Charges schedule' will give you full details of this charge.

We'll send you a statement each year telling you the current value of your bond. You can have a further three statements each bond year free of charge. We'll charge £40 for each valuation statement request over and above the four free statements each bond year.

Valuation charge

Annual management charge

The annual management charge is specific to the fund(s) you’re invested in.

Funds

Annual management charge

UK Cash fund

0.10%

Core Portfolios

0.10%

Guarantee option fee

If the bond is invested in a mix of funds, we’ll calculate the percentage fee proportionately. Each quarter, we’ll average the daily percentage fees and apply them to the bond.

We’ll apply the fee as a percentage of the guaranteed capital value. The guarantee option fee will be deducted assuming there’s a fund value. At the end of your guaranteed capital term, we stop deducting the guarantee option fee.

Guarantee option A - guaranteed capital and guaranteed death benefit option selected

This table shows our guarantee option fee where both the guaranteed capital and guaranteed death benefit options have been selected.

Guaranteed capital term selected

UK Cash fund

Core Portfolios
(UK fixed interest/UK equities split)

   

80/20

70/30

60/40

10

0.30%

1.15%

1.70%

n/a

11

0.30%

0.95%

1.45%

n/a

12

0.25%

0.80%

1.25%

1.65%

13

0.25%

0.70%

1.05%

1.45%

14

0.20%

0.60%

0.90%

1.35%

15

0.20%

0.55%

0.80%

1.25%

16

0.20%

0.50%

0.75%

1.10%

17

0.20%

0.50%

0.70%

1.00%

18

0.15%

0.45%

0.65%

0.90%

19

0.15%

0.45%

0.60%

0.85%

20

0.10%

0.40%

0.55%

0.80%

Guarantee option B - guaranteed capital option only

This table shows our guarantee option fee where only the guaranteed capital option has been selected.

Guaranteed capital term selected

UK Cash fund

Core Portfolios
(UK fixed interest/UK equities split)

   

80/20

70/30

60/40

10

0.25%

1.10%

1.60%

n/a

11

0.25%

0.90%

1.35%

n/a

12

0.20%

0.70%

1.15%

1.50%

13

0.20%

0.60%

1.00%

1.35%

14

0.20%

0.55%

0.85%

1.20%

15

0.15%

0.50%

0.70%

1.10%

16

0.15%

0.45%

0.65%

1.00%

17

0.15%

0.45%

0.60%

0.90%

18

0.10%

0.40%

0.55%

0.80%

19

0.10%

0.40%

0.55%

0.70%

20

0.10%

0.35%

0.50%

0.65%

Administration charge

The administration charge is a specific percentage (based on the amount of money you invested - the premium).

Premium band (£)

Administration charge (% of fund each year)

20,000 - 24,999.99

0.95%

25,000 - 49,999.99

0.70%

50,000 - 74,999.99

0.60%

75,000 - 149,999.99

0.55%

150,000+

0.50%

Switching

We'll give you 12 free switches each bond year. You will not be able to make more than 12 switches a year.

One free switch covers the sale and purchase of funds.

Currency conversion charge

If the premium isn’t paid in UK Sterling and we need to convert the currency, we’ll deduct a currency conversion charge. This will be a percentage of the amount being converted. Your 'Charges schedule' will give you full details of this charge.

Valuation statements

We'll send you a statement each year telling you the current value of your bond. You can request a maximum three more valuations each year, free of charge.

Adviser charges

If you agree to pay a fee to your financial adviser for their advice and/or services, we can facilitate those payments to your adviser from your plan. You and your adviser agree how much this charge will be.

Annual management charge

The annual management charge is specific to the fund(s) you’re invested in.

Funds

Annual management charge

Managed Risk Portfolios

0.20%

Core Portfolios

0.10%

UK Cash fund

0.10%

Guarantee option fee

If the bond is invested in a mix of funds, we’ll calculate the percentage fee proportionately. Each quarter, we’ll average the daily percentage fees and apply them to the bond.

We’ll apply the fee as a percentage of the guaranteed capital value.  The guarantee option fee will be deducted assuming there’s a fund value. At the end of your guaranteed capital term, we stop deducting the guarantee option fee.

Guarantee option A - guaranteed capital and guaranteed death benefit option selected

This table shows our guarantee option fee where both the guaranteed capital and guaranteed death benefit options have been selected.

Guaranteed capital term selected

UK Cash fund

Core Portfolios
(UK fixed interest/UK equities split)

Managed Risk Portfolios

   

80/20

70/30

60/40

Defensive

Cautious

Balanced

10

0.30%

1.15%

1.70%

n/a

0.95%

1.45%

n/a

11

0.30%

0.95%

1.45%

n/a

0.75%

1.20%

n/a

12

0.25%

0.80%

1.25%

1.65%

0.60%

1.00%

1.50%

13

0.25%

0.70%

1.05%

1.45%

0.50%

0.85%

1.30%

14

0.20%

0.60%

0.90%

1.35%

0.40%

0.70%

1.15%

15

0.20%

0.55%

0.80%

1.25%

0.40%

0.65%

1.05%

16

0.20%

0.50%

0.75%

1.10%

0.35%

0.60%

1.00%

17

0.20%

0.50%

0.70%

1.00%

0.35%

0.55%

0.90%

18

0.15%

0.45%

0.65%

0.90%

0.30%

0.50%

0.80%

19

0.15%

0.45%

0.60%

0.85%

0.30%

0.45%

0.70%

20

0.10%

0.40%

0.55%

0.80%

0.25%

0.40%

0.60%

Guarantee option B - guaranteed capital option only

This table shows our guarantee option fee where only the guaranteed capital option has been selected.

Guaranteed capital term selected

UK Cash fund

Core Portfolios
(UK fixed interest/UK equities split)

Managed Risk Portfolios

   

80/20

70/30

60/40

Defensive

Cautious

Balanced

10

0.25%

1.10%

1.60%

n/a

0.85%

1.30%

n/a

11

0.25%

0.90%

1.35%

n/a

0.65%

1.05%

n/a

12

0.20%

0.70%

1.15%

1.50%

0.55%

0.90%

1.30%

13

0.20%

0.60%

1.00%

1.35%

0.45%

0.75%

1.10%

14

0.20%

0.55%

0.85%

1.20%

0.35%

0.60%

1.00%

15

0.15%

0.50%

0.70%

1.10%

0.35%

0.55%

0.95%

16

0.15%

0.45%

0.65%

1.00%

0.25%

0.50%

0.85%

17

0.15%

0.45%

0.60%

0.90%

0.25%

0.45%

0.75%

18

0.10%

0.40%

0.55%

0.80%

0.25%

0.40%

0.65%

19

0.10%

0.40%

0.55%

0.70%

0.25%

0.35%

0.55%

20

0.10%

0.35%

0.50%

0.65%

0.20%

0.30%

0.45%

Administration charge

The administration charge is a specific percentage (based on the amount of money you invested - the premium).

Premium band (£)

Administration charge (% of fund each year)

20,000 - 24,999.99

0.95%

25,000 - 49,999.99

0.70%

50,000 - 74,999.99

0.60%

75,000 - 149,999.99

0.55%

150,000+

0.50%

Switching

We'll give you 12 free switches each bond year. You will not be able to make more than 12 switches a year.

One free switch covers the sale and purchase of funds.

Currency conversion charge

If the premium isn’t paid in UK Sterling and we need to convert the currency, we’ll deduct a currency conversion charge. This will be a percentage of the amount being converted. Your 'Charges schedule' will give you full details of this charge.

Valuation statements

We'll send you a statement each year telling you the current value of your bond. You can request a maximum three more valuations each year, free of charge.

Adviser charges

If you agree to pay a fee to your financial adviser for their advice and/or services, we can facilitate those payments to your adviser from your plan. You and your adviser agree how much this charge will be.