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  • FIRST POST
    • MonroeM
    • By MonroeM 10th Sep 17, 4:29 PM
    • 114Posts
    • 32Thanks
    MonroeM
    Best Platform for just holding IT's in a SIPP?
    • #1
    • 10th Sep 17, 4:29 PM
    Best Platform for just holding IT's in a SIPP? 10th Sep 17 at 4:29 PM
    I've been looking into the best platform for only holding IT's in a £150K SIPP and currently it seems that Fidelity could be the cheapest as they only charge a maximum of £45 per annum.

    Also, there are no other extra charges for switches etc or indeed any drawdown charges. Does anybody else know of a better deal with another platform?
Page 2
    • IanSt
    • By IanSt 12th Sep 17, 5:54 PM
    • 113 Posts
    • 70 Thanks
    IanSt
    I found the letter. It talks about an online buy or sell charge of £10 and that this replaces the current fee of 0.1% for transactions in investment trusts and ETFs. The £45 annual charge cap does still remain as it was before. Regular transactions, including dividends is £1.50.

    It doesn't say when this change will happen, it just says that the various changes it talks about will happen over the coming months. It may actually be a good thing for you. 150k of trusts would cost £150 on a 0.1% charge, so provided you are investing into less than 15 trusts then you'll be ahead.

    There are some further details in https://www.fidelity.co.uk/doingbusiness.

    My sipp is actually with alliance trust as I've a mix of funds, ETFs and investment trusts.
    • A_T
    • By A_T 12th Sep 17, 6:24 PM
    • 220 Posts
    • 110 Thanks
    A_T
    I found the letter. It talks about an online buy or sell charge of £10 and that this replaces the current fee of 0.1% for transactions in investment trusts and ETFs. The £45 annual charge cap does still remain as it was before. Regular transactions, including dividends is £1.50.

    It doesn't say when this change will happen, it just says that the various changes it talks about will happen over the coming months. It may actually be a good thing for you. 150k of trusts would cost £150 on a 0.1% charge, so provided you are investing into less than 15 trusts then you'll be ahead.

    There are some further details in https://www.fidelity.co.uk/doingbusiness.

    My sipp is actually with alliance trust as I've a mix of funds, ETFs and investment trusts.
    Originally posted by IanSt
    they really ought to be making it clear that when you buy now it will cost you 0.1% but when you come to sell in the future it'll cost you £10
    • whats
    • By whats 12th Sep 17, 11:10 PM
    • 13 Posts
    • 2 Thanks
    whats
    I found the letter. It talks about an online buy or sell charge of £10 and that this replaces the current fee of 0.1% for transactions in investment trusts and ETFs. The £45 annual charge cap does still remain as it was before. Regular transactions, including dividends is £1.50.

    It doesn't say when this change will happen, it just says that the various changes it talks about will happen over the coming months. It may actually be a good thing for you. 150k of trusts would cost £150 on a 0.1% charge, so provided you are investing into less than 15 trusts then you'll be ahead.

    There are some further details in https://www.fidelity.co.uk/doingbusiness.

    My sipp is actually with alliance trust as I've a mix of funds, ETFs and investment trusts.
    Originally posted by IanSt
    I opened a SIPP with Fidelity last year, with carry over invested £150k over 27 IT/ETF (maybe to many)...
    I often asked myself why not go with Jarvis X-O...

    I've not been advised of the changes to FID 'proposed charges'. Bit annoyed over that!
    If they do this I'll reavulate X-O/II etc ( new money/move)
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