Early retirement

EdInvestor

dunstonh wrote: »

It is inaccurate to suggest there will be big fees.

A figure of 3% of fund value is often seen.Most low cost SIPPS charge less than £200 to transfer in and set up a drawdown.

dunstonh

A figure of 3% of fund value is often seen.

How often?

Most low cost SIPPS charge less than £200 to transfer in and set up a drawdown.

Many personal pension drawdowns have 50% lower annual charges than the SIPP and no initial charges.

EdInvestor

dunstonh wrote: »

How often?

At the start, the IFA's cut.Can be 5%, one hears.This is before investement and annual charges.

Many personal pension drawdowns have 50% lower annual charges than the SIPP and no initial charges.

Low cost SIPPs don't have annual charges or initial charges.

dunstonh

At the start, the IFA's cut.Can be 5%, one hears.This is before investement and annual charges.

You are just assuming worst case scenario and making out that its normal. There can often be no initial charge or just a very small one.

Low cost SIPPs don't have annual charges or initial charges.

Over 90% of SIPPs post A day utilise investment funds that do have charges. If the OP is planning to use direct investments. Your recommended provider in HL has annual management charges. Charges that are typically higher than a personal pension in drawdown.

For many people, the difference between using HL or an IFA is zero to a couple of hundred pounds at the start depending on their fund size and if they want a professional portfolio.