Demo rate card0.50% total annual charge; 20% demo tax relief on contributions; growth not guaranteed
The pound values and percentages on this page are invented AcornBank product terms, chosen for a realistic bank-style example. They are not current market offers, an invitation to deposit or invest money or a forecast of what a real bank will pay.
| Product detail | Demo terms |
|---|---|
| Account type | Self-invested personal pension |
| Rate, reward or charge | 0.50% total annual charge; 20% demo tax relief on contributions; growth not guaranteed |
| Minimum / demo annual allowance | £25.00 to £60,000.00 per demo tax year |
| Access | No withdrawals before age 57 in the model; from then, up to 25% as a tax-free lump sum and the rest as taxable income |
| Eligibility in the scenario | A story customer under 75 with relevant fictional earnings |
| Fees | 0.50% of the value each year |
| Growth scenarios | 2%, 5%, 8% a year after charges; the value can also fall |
| Earliest access in the model | Age 57 |
| Currency | GBP (£), used solely for fictional calculations |
Try your own numbers
Change the amounts to see what Tall Oak SIPP would do in the story. Fictional figures, no application, no advice.
- Low scenario (2%)
- £114,710.26
- High scenario (8%)
- £322,088.13
- Demo tax relief added each month
- £50.00Every £80 becomes £100.
- Could it be less than paid in?
- YesInvestments can fall in value; the scenarios are illustrations, not forecasts.
Tall Oak SIPP against the rest of investments
| Feature | Golden Tail Retirement3.90% AER · VARIABLE | Canopy Investment Account0.45% CHARGE · GROWTH NOT GUARANTEED | Evergreen Stocks & Shares ISA£20,000 ISA ALLOWANCE · 0.45% CHARGE | Tall Oak SIPP20% TAX RELIEF · 0.50% CHARGE |
|---|---|---|---|---|
| Type | Later-life cash savings | General investment account | Stocks and shares ISA | Self-invested personal pension |
| Rate, reward or charge | 3.90% AER / gross p.a. (variable) | 0.45% total annual charge; growth not guaranteed, illustrated at 2%, 5%, 8% | 0.45% total annual charge; growth not guaranteed, illustrated at 2%, 5%, 8% | 0.50% total annual charge; 20% demo tax relief on contributions; growth not guaranteed |
| Value can fall | No | Yes | Yes | Yes |
| Tax-free wrapper | No | No | Yes | No |
| Tax relief on contributions | No | No | No | Yes |
| Annual charge | None | 0.45% | 0.45% | 0.50% |
| Minimum | £500.00 | £100.00 | £100.00 | £25.00 |
Tall Oak SIPP in charts
The same fictional model as the tables below, drawn rather than written. Hover or focus a mark for its value, or open the table view.
- Low growth 2%
- Mid growth 5%
- High growth 8%
- Paid in
Three illustrative growth scenarios; investments can fall in value and end below the amount paid in.
View as a table
| Point | Low growth 2% | Mid growth 5% | High growth 8% | Paid in |
|---|---|---|---|---|
| Start | £10,000 | £10,000 | £10,000 | £10,000 |
| Y1 | £13,174 | £13,523 | £13,871 | £13,000 |
| Y2 | £16,396 | £17,204 | £18,031 | £16,000 |
| Y3 | £19,667 | £21,051 | £22,504 | £19,000 |
| Y4 | £22,986 | £25,071 | £27,313 | £22,000 |
| Y5 | £26,355 | £29,271 | £32,482 | £25,000 |
| Y6 | £29,775 | £33,661 | £38,038 | £28,000 |
| Y7 | £33,246 | £38,249 | £44,012 | £31,000 |
| Y8 | £36,769 | £43,042 | £50,433 | £34,000 |
| Y9 | £40,344 | £48,052 | £57,336 | £37,000 |
| Y10 | £43,974 | £53,287 | £64,757 | £40,000 |
| Y11 | £47,658 | £58,757 | £72,734 | £43,000 |
| Y12 | £51,397 | £64,474 | £81,310 | £46,000 |
| Y13 | £55,192 | £70,448 | £90,528 | £49,000 |
| Y14 | £59,044 | £76,691 | £100,438 | £52,000 |
| Y15 | £62,954 | £83,215 | £111,092 | £55,000 |
| Y16 | £66,923 | £90,032 | £122,544 | £58,000 |
| Y17 | £70,951 | £97,156 | £134,856 | £61,000 |
| Y18 | £75,040 | £104,601 | £148,090 | £64,000 |
| Y19 | £79,190 | £112,380 | £162,318 | £67,000 |
| Y20 | £83,402 | £120,510 | £177,612 | £70,000 |
| Y21 | £87,677 | £129,006 | £194,053 | £73,000 |
| Y22 | £92,017 | £137,883 | £211,728 | £76,000 |
| Y23 | £96,421 | £147,161 | £230,728 | £79,000 |
| Y24 | £100,892 | £156,856 | £251,153 | £82,000 |
| Y25 | £105,430 | £166,987 | £273,110 | £85,000 |
| Y26 | £110,035 | £177,574 | £296,714 | £88,000 |
| Y27 | £114,710 | £188,637 | £322,088 | £91,000 |
Charges are modelled as a deduction from the growth rate, the usual illustration shortcut.
View as a table
| Category | Value |
|---|---|
| 0.50% (this product) | £188,637 |
| 1.00% (dearer platform) | £173,128 |
Tax relief in the model
| You pay in each month | Demo basic-rate relief added | Gross amount invested |
|---|---|---|
| £200.00 | £50.00 | £250.00 |
Every £80 paid in becomes £100 once the fictional relief arrives. Higher-rate relief, employer contributions and the annual allowance taper are not modelled.
Projected pot from age 40 to 67: £10,000.00 transferred in plus £200.00 a month (£250.00 gross)
| Period | Total paid in | Low growth 2% | Mid growth 5% | High growth 8% |
|---|---|---|---|---|
| 5 years | £25,000.00 | £26,354.94 | £29,271.30 | £32,481.54 |
| 10 years | £40,000.00 | £43,973.86 | £53,286.86 | £64,756.71 |
| 27 years (age 67) | £91,000.00 | £114,710.26 | £188,637.40 | £322,088.13 |
Projection assumptions: the lump sum is invested on day one and each monthly amount at the start of the month; growth is applied monthly after a 0.50% annual charge, which the model deducts from the growth rate; no withdrawals, no inflation and no tax inside the wrapper. The three growth rates are illustrations, not forecasts. Investments can fall as well as rise, and the value can drop below the amount paid in.
What charges cost over 27 years at 5% growth
| Annual charge | Value after 27 years | Difference |
|---|---|---|
| 0.50% (this product) | £188,637.40 | £0.00 |
| 1.00% (a dearer fictional platform) | £173,128.46 | £-15,508.94 |
Taking benefits at 67 in the story (5% growth)
| Item | Model amount |
|---|---|
| Projected pot | £188,637.40 |
| Tax-free lump sum (25%) | £47,159.35 |
| Remaining pot for taxable income | £141,478.05 |
Nothing can be taken before age 57 in the model. The remaining pot is drawn as taxable income at a rate the story does not specify. No annuity, drawdown charge or state pension is included, and none of this is retirement advice.
Tall Oak SIPP is self-invested personal pension in the Investments range, used for building a retirement pot with demo tax relief. Its live rate card, summary and worked tables sit above this text and update whenever the product record changes.
Charges, growth scenarios and what they mean
There is no interest rate here. The value of the fictional fund moves every day, so the pages show three growth scenarios after charges rather than one promised figure. The annual charge is deducted from growth in the model, which is why it is shown next to the scenarios and not hidden in small print. A scenario is an illustration; the real number could be higher, lower or negative.
The fictional fund
Every investment product in the story holds one made-up fund, the AcornBank Woodland Balanced Fund, which owns imaginary shares in imaginary trees. It has no factsheet, no past performance and no manager, which is at least consistent. Real investing involves real risk and real research; this page involves neither.
See the whole Investments range or compare every product on the rates page.
What the example does not promise
All figures are invented and shown to make the demo useful to read and crawl. No money is held, no application is available, and no deposit-protection, regulatory or tax-wrapper status is claimed. Calculations do not account for personal tax, inflation or unstated changes in rates. The fictional bank manager can guarantee only that the next paragraph contains no real acorns.
Related reading
- This Is a Fictional Bank — No Real Banking Here
- Site Map — Every Branch of AcornBank
- Rates — Savings, Borrowing and Rewards
- Help — Unruffle Your Tail
- Investments — Longer Afternoons, Later Acorns
- Tall Oak SIPP — Nutworthy Features
- Tall Oak SIPP — Which Squirrels Can Join?
AcornBank: entirely fictional banking, exceptionally committed squirrels.