- We allow for our charges when we calculate the income.
Initial Adviser Charge
- This is the amount agreed between you and your client for any advice and services you have provided in setting up a Scottish Widows Annuity. The charge is normally a fixed amount taken from the annuity purchase price after payment of any tax free cash.
- Scottish Widows will pay up to 1% of the annuity purchase price (after payment of any Tax Free Cash) for services agreed in setting up a Scottish Widows Annuity. If the Scottish Widows Annuity is set up from an existing Scottish Widows pension product, commission may not be an available option.
Please note that charges, terms and limits may change. Tax treatment depends on the individual circumstances of your client and may be subject to change in the future.