Hi
I have a 400K PPP which I am contemplating moving to a SIPP, I am unsure if I will be using the services of an IFA, still undecided. I have 30K spare in my Ltd company and instead of paying into my current PPP I was thinking of opening a SIPP as a DIY starter and reviewing my performance before making the decision to go 100% DIY with my 400K pot.
I am not a fan of % charges, so I am leaning towards fixed price SIPPS, Interactive Investor is looking favourite at the moment. Anyone else using II or similar fixed price SIPPS. I could be 4 - 5 years away from drawdown and my strategy for investment is still WIP.
Regards
John
SIPP Choice
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- 2 Lemon pips
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- Joined: November 5th, 2016, 9:11 am
Re: SIPP Choice
John,
I have used Alliance Trust SIPP for the past few years, which has a fixed fee. So far no problems. I moved transferred the SIPP from AJ Bell and all worked speedily.
Lets us know how you get on.
Hardgrafter
I have used Alliance Trust SIPP for the past few years, which has a fixed fee. So far no problems. I moved transferred the SIPP from AJ Bell and all worked speedily.
Lets us know how you get on.
Hardgrafter
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- Lemon Quarter
- Posts: 1519
- Joined: November 5th, 2016, 11:16 am
Re: SIPP Choice
Ditto! (I didn't want to move to II.)Hardgrafter wrote:John,
I have used Alliance Trust SIPP for the past few years, which has a fixed fee. So far no problems. I moved transferred the SIPP from AJ Bell and all worked speedily.
Lets us know how you get on.
Hardgrafter
And as I hold only ITs and shares, I only pay a 0.25% platform fee which is capped at £100 - whereas I was paying ATS £252 a year as a fixed charge.
Best wishes
Mark.
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- Posts: 2
- Joined: July 10th, 2019, 9:27 am
Re: SIPP Choice
Mark, who are you with? ATS is £252.00 a year based on current prices,ADrunkenMarcus wrote:Ditto! (I didn't want to move to II.)Hardgrafter wrote:John,
I have used Alliance Trust SIPP for the past few years, which has a fixed fee. So far no problems. I moved transferred the SIPP from AJ Bell and all worked speedily.
Lets us know how you get on.
Hardgrafter
And as I hold only ITs and shares, I only pay a 0.25% platform fee which is capped at £100 - whereas I was paying ATS £252 a year as a fixed charge.
Best wishes
Mark.
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- Lemon Slice
- Posts: 551
- Joined: November 4th, 2016, 12:57 pm
Re: SIPP Choice
I have SIPPs with both II and ATS. II will be taking over ATS later this year, so at some point I guess they will merge.segovia123 wrote:I am not a fan of % charges, so I am leaning towards fixed price SIPPS, Interactive Investor is looking favourite at the moment. Anyone else using II or similar fixed price SIPPS.
Overall, I'm happy with both of them. That said, I use only tracker funds and am not contributing to either SIPP, so in a sense I have no need of anything other than a 'parking place' for my pensions. I have however saved multiple £thousands over the years by using them rather than YouInvest or the exceptionally pricey (at retirement-levels of SIPP) Hargreaves Lansdown. I can certainly tolerate a few rough edges for that. Both execute trades on time, provide statements and contract notes, and generally do all the things you want from a platform. Sometimes with snail-mail rather than online (for example, when entering drawdown), but nothing too onerous.
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- Lemon Quarter
- Posts: 1519
- Joined: November 5th, 2016, 11:16 am
Re: SIPP Choice
I did exactly as Hardgrafter and went to A. J. Bell.segovia123 wrote:Mark, who are you with? ATS is £252.00 a year based on current prices,
Best wishes
Mark.