Tax Free lump sum

EdGasket

OK I have 2 pensions of approx 46K each, currently with different providers that I am thinking of moving to 1 or 2 SIPPS. Would I be best combining them both into one SIPP or using two, each with a different provider. I am pretty certain that the answer is the former i.e. consolidate pensions as this will reduce costs (e.g. the annual SIPP management charge and the drawdown fee) but I wanted to check.

EdInvestor

What would you invest the money in?

With the 2 cheaqpest SIPPs there is no annual charge and drawdown costs are similar.One SIPP will be cheaper for funds, the other for shares/bonds/ITs/ETFs etc.

EdGasket

I expect I would invest in Index-linked Gilts either directly or a fund, shares directly, and maybe a corporate bond fund or two.

What are the two cheapest SIPPs please? If I had two SIPPs wouldn't I end up paying double the drawdown charges when I eventually take the pension benefits?

I am looking at TD Waterhouse as they are the 7th biggest (still thinking of security !!) and I have already had good dealings with them for sharedealing and ISAs

EdInvestor

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