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Best SIPP Recommendation
gmgohara
Posts: 52 Forumite
Good Afternoon
I am looking at opening a SIPP and transferring approx. £80K from existing schemes into it
I also currently make a contribution of £160 net (£200 gross per month) and am looking to set that type of regular contribution up with the new provider.
Investment wise, I would be looking at funds and shares.
Bearing in mind the choice available and in particular charges, are their any recommendations as to the best providers based on my circumstances
Thanks
I am looking at opening a SIPP and transferring approx. £80K from existing schemes into it
I also currently make a contribution of £160 net (£200 gross per month) and am looking to set that type of regular contribution up with the new provider.
Investment wise, I would be looking at funds and shares.
Bearing in mind the choice available and in particular charges, are their any recommendations as to the best providers based on my circumstances
Thanks
0
Comments
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Well I am very happy with my HL SIPP http://www.hl.co.uk/pensions/sipp
They are a little more expensive than some but their web interface is excellent, their online and telephone service intuitive, flexible and reliable, and their customer service and product knowledge without rival. (No, I don't work for them!).
You could also consider the BestInvest Select SIPP which may work out a bit cheaper and is spoken of well by others.Old dog but always delighted to learn new tricks!0 -
I to am with HL, but selected my own selection of 4 funds (not used HL top 150 ) which have made good progress. May be worth looking at others, possibly Cavendish Online, who give commission and renewals back to the fund?
SamI'm a retired IFA who specialised for many years in Inheritance Tax, Wills and Trusts. I cannot offer advice now, but my comments here and on Legal Beagles as Sam101 are just meant to be helpful. Do ask questions from the Members who are here to help.0 -
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Would be nice to know what 4 funds you have?:D
All accumulation units - Invesco Perpetual Corporate Bond, Invesco Perpetual High Income, Invesco Perpetual Distribution and a small amount in Skandia Global Best Ideas. I wouldn't recommend the last one , but the other 3 have done very well and the overall growth has been good. I will probably pull out of the Skandia one and get something else or add to one of the others
SamI'm a retired IFA who specialised for many years in Inheritance Tax, Wills and Trusts. I cannot offer advice now, but my comments here and on Legal Beagles as Sam101 are just meant to be helpful. Do ask questions from the Members who are here to help.0 -
Sippdeal might be worth checking out too - esp if you intend to buy more shares than funds.
On the plus side they don't have a custody charge for shares (HL charge 0.5% up to max £200) but on minus side they charge dealing fee of £9.95 for fund sales/purchases (HL charge NIL).
Swings and roundabouts.0
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