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SIPP Pension Initial Costs - IFA

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    SIPP Pension Initial Costs - IFA

    Hi Guys,

    I have spoken to 2 IFA's as I need to set up a pension, i have decided to go for a SIPP Pension.

    The first IFA wanted £3k to set up the second IFA a more reasonable £750, it still seems a little steep.

    The service has been quoted is to set up a SIPP only not being managed etc as this would be pointless in the first couple of years until the balance grew.

    Wondering how much fellow contractors paid when setting up their SIPP or did they do it on their own?

    Cheers

    #2
    £0

    Hargreaves Landsdown

    DIY
    I was an IPSE Consultative Council Member, until the BoD abolished it. I am not an IPSE Member, since they have no longer have any relevance to me, as an IT Contractor. Read my lips...I recommend QDOS for ALL your Insurance requirements (Contact me for a referral code).

    Comment


      #3
      Originally posted by Scruff View Post
      £0

      Hargreaves Landsdown

      DIY
      £0 for interactive investor as well but they need some validated documents so it’s a pain. Thumbs up for HL.
      See You Next Tuesday

      Comment


        #4
        Originally posted by Lance View Post
        £0 for interactive investor as well but they need some validated documents so it’s a pain. Thumbs up for HL.
        £3k gets 4 new tyres on his Bentley surly ?


        Sent from my iPhone using Contractor UK Forum

        Comment


          #5
          I have an iWeb SIPP, £0 cost to open. What are these IFA's doing for their fees ?

          IWeb Share Dealing | SIPP (Self Invested Personal Pension)

          I also see that long awaited Vanguard SIPP is nearly with us

          Vanguard: Helping you reach your investing goals | Vanguard

          Comment


            #6
            Originally posted by GhostofTarbera View Post
            £3k gets 4 new tyres on his Bentley surly ?


            Sent from my iPhone using Contractor UK Forum
            Cheap tyres then.
            See You Next Tuesday

            Comment


              #7
              Originally posted by Lance View Post
              Cheap tyres then.
              You still got your Bentley sir ?


              Sent from my iPhone using Contractor UK Forum

              Comment


                #8
                Thank you all I thought it was a little step for a click of a few buttons ...

                said no IT contractor ever


                Sent from my iPhone using Contractor UK Forum

                Comment


                  #9
                  Originally posted by GhostofTarbera View Post
                  You still got your Bentley sir ?


                  Sent from my iPhone using Contractor UK Forum
                  Too vulgar.
                  See You Next Tuesday

                  Comment


                    #10
                    Originally posted by adubya View Post
                    I have an iWeb SIPP, £0 cost to open. What are these IFA's doing for their fees ?

                    IWeb Share Dealing | SIPP (Self Invested Personal Pension)

                    I also see that long awaited Vanguard SIPP is nearly with us

                    Vanguard: Helping you reach your investing goals | Vanguard
                    Vanguard doesn't look as good a deal as IWeb or AJ Bell !?!

                    Original poster - do it for free with any of the options mentioned here, invest it in a FTSE tracker and forget about it until you are retiring.

                    Comment

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