TD Waterhouse SIPP

jameswilliams_2

.....sorry to be a pain.

Any views or experience of the TD Waterhouse SIPP ?

I know from experience that their dealing platform is second to none, and they appear to offer access to all the instruments I wouild need.

It say's their administration is done by Capita SIP.

Thank you.

Gatser

No, its good to ask!
I deliberated for ages about a SIPP.
Eventually went with HORNBUCKLE MITCHELL as the costs seem very reasonable
once set up... and it will accept just about any investment.
BTW, do you have any hints and tips on where to (safely) invest the cash once its in the SIPP? Now, that's my problem at present!
Thanks

EdInvestor

I don't see how anyone could consider a high end SIPP provider with expensive charges if they want to invest their money in cash.

This is a sure way to unsuccessful drawdown.

purch

It's probably a question about whether the administration is good, because TD Waterhouse are one of, if not the, best online broker.

I can't answer that one, so I'll shut up now :cool:

jamesd

EdInvestor wrote: »

I don't see how anyone could consider a high end SIPP provider with expensive charges if they want to invest their money in cash.

Take a look at the TD Waterhouse rate card. Their administration charge is 0.5% a year (in two 0.25% chunks, so really a little higher) with a maximum of £200, equivalent to 0.5% on £40,000 invested.

For comparison, Hargreaves Lansdown charges 0.5% a year up to a maximum of £200 on those investments that don't pay them commission.

TD Waterhouse offers a larger range of investments in their SIPP. HL is a good deal cheaper for funds, with no dealing charge, but more expensive for pure fund holdings than some other SIPPs.

EdInvestor

I was referring to Hornbuckle Mitchell.

jamesd

Sorry about that. You might want to look at their fees, particularly the cap on dealing charges for normal investments. That could be cheaper than options like HL for some pension pot sizes and some will like the options to hold domestic and foreign property directly in their SIPP. Gatser wasn't looking to stay in cash.

DD4

EdInvestor wrote: »

I don't see how anyone could consider a high end SIPP provider with expensive charges if they want to invest their money in cash.

This is a sure way to unsuccessful drawdown.

The poster didn't say he was investing in cash, he was asking what to invest his cash (aka money) in once it's in the SIPP:

Gatser wrote: »

BTW, do you have any hints and tips on where to (safely) invest the cash once its in the SIPP?

EdInvestor

Gatser's post here was the reason for my comment:

http://forums.moneysavingexpert.com/showthread.html?t=1942829&highlight=