The income withdrawal establishment fee is charged each time your client designates further funds into UI or ASP. If these further funds are designated within 60 days of the reporting date of another arrangement, we can align the reporting dates. If we are unable to align the reporting dates, then an additional annual valuation will be required and a fee applied when income limits are reviewed.

Your client will be charged an income facility fee for any income taken in each year under each arrangement. If they take some income from a pre A-Day arrangement and some from a post A-Day arrangement, then this will incur two charges. The same applies to ‘transfer in’ arrangements. If no income is taken then there will be no income facility fee.