In Specie SIPP Transfer

ffacoffipawb

I am considering transferring my SIPP (invested in IT's not OEICS / Funds) from A J Bell Youinvest to Hargreaves Lansdown in advance of crystallisation in June.

I know that Hargreaves are more expensive (£200 pa for IT SIPP compared to £100 for AJ Bell) but they may be cheaper in drawdown without extra ad hic fees.

Anyway, I digress. How long would an in specie transfer of investment trusts take (I know that funds take a while, but ITs are just listed equities).

Thanks

xylophone

without extra ad hic fees.

Too much champagne celebrating retirement?:)

https://www.hl.co.uk/investment-services/vantage-service/transferring-your-existing-investments/frequently-asked-questions

Sue58

ffacoffipawb wrote: »

I am considering transferring my SIPP (invested in IT's not OEICS / Funds) from A J Bell Youinvest to Hargreaves Lansdown in advance of crystallisation in June.

I know that Hargreaves are more expensive (£200 pa for IT SIPP compared to £100 for AJ Bell) but they may be cheaper in drawdown without extra ad hic fees.

Anyway, I digress. How long would an in specie transfer of investment trusts take (I know that funds take a while, but ITs are just listed equities).

Thanks

Fidelity only charge £45 per annum for IT’s with no charge for drawdown or any exit fees.

StellaN

Sue58 wrote: »

Fidelity only charge £45 per annum for IT’s with no charge for drawdown or any exit fees.

You are quite correct Fidelity is the best platform price wise for IT’s. But we are still waiting for their new website to display ‘live’ buy and sells.