SIPP planning : help can DIY

SkinnySIPP

Hello,

I am 45 years and planning to put into SIPP for first time (funding self owned limited company). Fund amount approx. 30K

Looking to save for a commercial investment at later date or for own pension.
I have understood that I cannot withdraw the money till 55 years old.

Can I DIY via AJ Bell, H & L or Barclays....

Main points I have gathered from past posts are:-

1. Get SIPP were no annual fees.

2. Can I keep any of the above accounts for purchase of commercial property in 2-3 years time.

3. Can one keep in as cash in these accounts?

Any advice on which is best SIPP for March 2016?

Do reply, thanks!:A

jamesd

None of those will allow purchasing commercial property, it's not a mainstream area and you'll need to transfer to one of those which provides that feature. Those will normally have significant annual charges.

Paying an annual charge is not necessarily a bad thing. It depends how it compares to the percentage charges based on amount invested and for buying or selling investments as well as whatever other services you use. Annual fixed fees tend to be a less good deal at lower amounts, fixed fees at higher amounts.

SkinnySIPP

Thanks Jamesd, can you direct in your opinion which would be best to use when saving for commercial property?

Is it possible to transfer from these keeping within the SIPP umbrella within next 2-5years

dunstonh

Thanks Jamesd, can you direct in your opinion which would be best to use when saving for commercial property?

I doubt any consumer on the board here will be in a position to answer that as its a niche transaction. The SIPP providers that offer this can be finicky depending on property type. So, there is no one best option. It will depend on what type of property, amount, administration required, other investment options (in case its mix and match) etc.

SkinnySIPP

Thanks Dunstonh!

Much appreciated.

SkinnySIPP

For cash saving of SIPP is it to be done via AJ Bell etc or can one do direct via Investec? Saving SIpp rates are different drastically

SkinnySIPP

Have found this service where SIPP can be planned to buy commercial property at later date. Anyone else using AJ Bell Platinum SIpp services