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A J Bell passive SIPP
Comments
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I transferred into an AJ Bell SIPP. Was easy enough and website is fine. You then need to pick fund(s) and maintain adequate cash for platform charges.
I presume it's important to choose income units of the fund, rather than accumulation units, in order to yield the cash to pay fees?Thus the old Gentleman ended his Harangue. The People heard it, and approved the Doctrine, and immediately practised the Contrary, just as if it had been a common Sermon; for the Vendue opened ...THE WAY TO WEALTH, Benjamin Franklin, 1758 AD0 -
Thank you everyone, I can see the sense in staying with Aviva, I have tried to speak to them twice today and both times got cut off mid conversation and I am still unable to login to their user portal! I am probably cutting off my nose to spite my face but the customer service is so poor!FatherAbraham wrote: »Yeah, but SIPPs are so costly.
What's best?
Something expensive that works or something cheap that doesn't?0 -
I use accumulation funds and just leave a small amount in cash, periodically topped up with new funds/tax relief.FatherAbraham wrote: »I presume it's important to choose income units of the fund, rather than accumulation units, in order to yield the cash to pay fees?0 -
FatherAbraham wrote: »Yeah, but SIPPs are so costly.
SIPPs are not particularly expensive when compared to other types of pension accounts and (similar to LISAs) the increased manager effort required above simpler S&S ISA administration.
Much of the fee depends on the competitiveness of the provider, if you are using a suitable product in an appropriate way and the account valuation. Small accounts obviously have higher fees as there is a certain fixed average cost to maintain each customer relationship. Even then there is sometimes some attractive cross subsidisation in the hope the accounts will grow over time. SIPPs can offer particular value on larger valuations with fixed or capped platform fees.
Alex0
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