Starting a new SIPP, with a pension transfer Starting a new SIPP, with a pension transfer - Page 3
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  1. #21

    My post count is Majestic

    northernladuk's Avatar
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    Mar 2009
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    Quote Originally Posted by wattaj View Post
    I should really offer an example...

    Pension pot: £80,000
    Platform charge: 0.35%
    Imaginary fund OCF/TER: 0.45%
    Cost over 12 months: £640

    Pension pot: £80,000
    Platform charge: £24 pcm
    Imaginary fund OCF/TER: 0.45%
    Cost over 12 months: £648

    Usual caveats and excludes dealing charges.

    Corrections welcome.
    How dat?
    'CUK forum personality of 2011 - Winner - Yes really!!!!

  2. #22

    Fingers like lightning


    Join Date
    Jun 2007
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    Just looking at transferring existing pension pot to a SIPP (~£110k).
    Ltd pays monthly employer contributions, which will probably be used to buy Vanguard ETFs (still got to watch Lars Kroijer videos!).

    Looking around at provider costs, Interactive Investor looks good - £240 a year flat fees (currently works out at ~0.22% fees decreasing as pot increases).

    Anyone compared fees recently and found an alternative ?

  3. #23

    Nervous Newbie


    Join Date
    Mar 2012
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    Mike before you simply open a new SIPP check out the pension transfer cashback offers most provide eg HL and AJBell.

    You’ll get a tiered amount depending on how much pension you transfer in from your existing arrangement to a new SIPP on opening.

    Not huge but enough for a nice meal or two.

  4. #24

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    Quote Originally Posted by Spoiler View Post
    Looking around at provider costs, Interactive Investor looks good - £240 a year flat fees (currently works out at ~0.22% fees decreasing as pot increases).

    Anyone compared fees recently and found an alternative ?
    This is share dealing fees and so you'd want to find out if it's the same within a pension, and I don't think it covers fund fees, but The Best Share Dealing Accounts | MyWalletHero

  5. #25

    Fingers like lightning


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    Jun 2007
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    ii still looking good - £19.99 a month flat fee, which includes 1 trade (works for me as my Ltd is paying in monthly)

    - Our administration fee is just £10 per month while you are building your pension pot, in addition to the service plan fee of £9.99 per month.
    - UK trades are charged at £7.99. Every month we give you a free credit of £7.99 to be used against any trade.
    Plus, currently offering £250 cashback for transferring in a SIPP.

    Still looking around, but at the moment these lot look the best option for now.

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