SIPP fees

rickyhyde89

I am looking at moving my pension into a SIPP so I can invest into a couple of businesses. Does anyone know if I have to pay the set-up and annual fees out of my personal finances or can the fees be taken out of the pension funds???

jamesd

Fees can normally be taken from the pension pot.

rickyhyde89

jamesd wrote: »

Fees can normally be taken from the pension pot.

Thanks for the reply

mania112

Don't forget you'll have ongoing costs, so it would be prudent to leave 2% of your pension behind in cash to pay those bills in the future.

thenudeone

I have unlisted shares in a SIPP and the costs are all borne by the pension scheme, which is better because of the tax relief.