We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
The MSE Forum Team would like to wish you all a Merry Christmas. However, we know this time of year can be difficult for some. If you're struggling during the festive period, here's a list of organisations that might be able to help
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Has MSE helped you to save or reclaim money this year? Share your 2025 MoneySaving success stories!
Newbie - Stakeholder vs SIPP
Comments
-
Yeah right - Cavendish offer pensions under 0.5%, advice charges alone are typically 0.5% or more.
On a transactional case, you are probably looking at 0.29% for the pension & fund and £500 fee under advice.
So, there will be a breakeven point. The larger the amount, the earlier the breakeven point. The smaller the longer.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
I currently don't have any ISA.
Why not go for stock and share ISA first and once you have max'd it out and have money left - then go for the pension (SIPP, stakeholder, personal, .... )0 -
harshitguptaiitr wrote: »Why not go for stock and share ISA first and once you have max'd it out and have money left - then go for the pension (SIPP, stakeholder, personal, .... )
Because they won't get 20% tax relief on an ISA....0 -
harshitguptaiitr wrote: »Why not go for stock and share ISA first and once you have max'd it out and have money left - then go for the pension (SIPP, stakeholder, personal, .... )
ISAs don't have any tax advantages for a non/basic rate taxpayer who isn't likely to have IHT issues when they die.0 -
True. But they will have access to money whenever they want?Because they won't get 20% tax relief on an ISA....
With SIPP, the money is locked for 20 years in case of OP.0 -
harshitguptaiitr wrote: »True. But they will have access to money whenever they want?
With SIPP, the money is locked for 20 years in case of OP.
Yes, but the OP is specifically asking about pensions, SIpp v Stakeholder. So it's clear they are interested in pensions primarily.
Not sure why they even mentioned the ISA angle.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.9K Banking & Borrowing
- 253.9K Reduce Debt & Boost Income
- 454.7K Spending & Discounts
- 246K Work, Benefits & Business
- 602.1K Mortgages, Homes & Bills
- 177.8K Life & Family
- 259.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards