Cheapest Sipp: build yourself a low cost DIY pension article

gadgetmind

liger78 wrote: »

If they go bust do I automatically get access to my investments to transfer them to another provider or am I just another creditor?

Your investments always remain your property and the platform just holds them on your behalf. Unless the platform disposes of the assets without your permission would you have problems.

Does this help?

http://www.moneyobserver.com/news/11-02-14/gold-bullion-now-accepted-standard-life-sipp

GTG

liger 78,

For exposure to physical gold: -

SIPP administors/trustees Berkerley Burke have an arrangement with Gold Money http://www.goldmoney.com/gold-sipp.html

EPML have an arrangement with Bullion Vault https://www.epml.co.uk/sipp/epm-stockmarket-sipp

BB claim to be able to tailor make your SIPP so they should be able to cover your land investment requirements and EPML are very accommodative. I would give EPML a call if you like what they have to offer, I have had no problems with them.

mawallace

I am looking for a SIPP where I can invest £100 per month in a spread of unit ttists.

Any recommendations?

dunstonh

mawallace wrote: »

I am looking for a SIPP where I can invest £100 per month in a spread of unit ttists.

Any recommendations?

All of them fit that criteria.

beefio

Hi

Is anyone able to advise if I am able to buy shares in my own Ltd company via a SIPP. So essentially use my pension pot to invest in my own company?

If so, who can I do this through and is it likely to be prohibitively difficult and/or expensive?

This could essentially be a way of providing free/cheap short term finance to me/my business which is otherwise difficult in the current climate, and will aid growth.

My thanks

Stuart

gadgetmind

beefio wrote: »

Is anyone able to advise if I am able to buy shares in my own Ltd company via a SIPP. So essentially use my pension pot to invest in my own company?

Very few SIPPs will allow you to hold shares in unquoted companies in a SIPP, and those that do will limited the percentage of your SIPP you can invest in this way, and the percentage of the company that can be held.

In your case this would also be seen as a "connected party transaction" and you'd need to have the company's shares professionally assessed to establish a full market value.

HMRC will more than likely challenge this valuation, so you need to be able to clearly substantiate it.

My view is that it's complex and expensive, and will also put too many eggs in one basket.

BrenUK_2

Annuities are so poor that I now wish to use drawdown. The funds I hold in private pensions funds (several) add to about £200,000 and I would wish to take 25% cash. I am 66.

I understand the principles - the fund is invested in something I chose and I can draw down up to the GAD ammount each year so long as the fund supports this value. If the investment does better than the rate at which I draw off funds plus any charges made by the draw down provider, then the pot will grow, else it will decline.

First, I have no idea how to do this without simply plucking a name from a hat and asking them to do it (eg Billy Burrows or HL say)

Secondly, it is difficult to choose the investments. Some funds seem to make huge annual charges.

Is there any advice on how to set up a drawdown? What do I need to see (i.e. what is important)? Do I need to have a SIPP?

dunstonh

First, I have no idea how to do this without simply plucking a name from a hat and asking them to do it (eg Billy Burrows or HL say)

Or a local IFA if you prefer local contact.

Secondly, it is difficult to choose the investments. Some funds seem to make huge annual charges.

Depends on what you mean by huge. Most funds have explicit charges which are lower than implicit charges that exist on savings accounts.

Drawdown requires an investment strategy. There are several that could be used with it.

Is there any advice on how to set up a drawdown?

Via, an adviser yes. Anywhere else is just comment and discussion.

Do I need to have a SIPP?

No. Indeed,the biggest drawdown provider uses a personal pension. It really depends on how you want to structure your investments and what investments you wish to utilise.

gadgetmind

BrenUK wrote: »

First, I have no idea how to do this without simply plucking a name from a hat and asking them to do it (eg Billy Burrows or HL say)

Secondly, it is difficult to choose the investments. Some funds seem to make huge annual charges.

Your pot is large enough for it to be well worthwhile paying a one-off fee for advice.

You can avoid higher fee funds, particularly if you're not wanting more adventurous markets/niches, but if you don't know how to put a portfolio together that suits your needs, then you need advice rather than a pin.

Is there any advice on how to set up a drawdown? What do I need to see (i.e. what is important)? Do I need to have a SIPP?

You can go to a SIPP provider, or a pension provider such as Aviva, and some such as HL and BestInvest will provide advice for a fee. I have no idea how the quality and cost of this advice will compare to that from an IFA.

Switchking

I am looking for a SIPP administrator that will allow me to invest in relatively safe if not boring funds. Most want to only allow from there own list. I have been looking at 3-6 year funds with Barclays, Legal and general, Investec, Gilliat etc. Anyone came accross such a company?