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Hargreaves Lansdowne SIPP Reinvest Income
Comments
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Surely not if you manually re-invest the dividend?
I read it as drawing the money out and paying it back in.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 -
Just out of curiosity... on the automated income reinvestment on HLs SIPP they charge 1% up to £10 to do this. Couldnt I just take the cash then invest it back into the SIPP myself for free?
Yes you can do this so long as the money remains as cash in the SIPP and isn't withdrawn0 -
Brilliant thanks a lot for your help!
I’ve got a long way to go to understand the complexities of pensions.
I thought a Sipp might be good because I need the flexibility to pay in whatever and whenever I want but to be honest I dont think I have the time to manage it. Thats I was looking at the ready made portfolios.
Any advice on other options that would give me the flexibility but that I personally wouldn't have to manage?0 -
You don't need to be "managing" it. Pick a global fund (with a bond % if that's your thing ) and just stick to that.
Start here and follow the links within. https://theescapeartist.me/2015/09/07/honey-i-fired-the-financial-adviser/0
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