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Aviva pension and drawdown
Durban
Posts: 485 Forumite
Does anyone have any thoughts on the Aviva Sipp.
My husband has an old Aviva Stakeholder pension that we would like to take the 25% lump sum from but no more than this.
I have had a look at various platforms but as this pension will now go into drawdown , some platforms charge quite a bit for this and one or two , even an annual charge when not making anymore withdrawals.
From my research , it appears that the Aviva Sipp charges 0.4% for the first £50,000 and 0.35% thereafter plus fund charges and no charges for drawdown.
Many thanks
My husband has an old Aviva Stakeholder pension that we would like to take the 25% lump sum from but no more than this.
I have had a look at various platforms but as this pension will now go into drawdown , some platforms charge quite a bit for this and one or two , even an annual charge when not making anymore withdrawals.
From my research , it appears that the Aviva Sipp charges 0.4% for the first £50,000 and 0.35% thereafter plus fund charges and no charges for drawdown.
Many thanks
0
Comments
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It's not the cheapest but it has an 'all in' charging structure , which can be useful for Drawdown, similar to HL and Fidelity . It is slightly cheaper than the former and slightly more expensive than the latter .
The main drawback is that it only seems to offer funds and not the wider range of most SIPPS ( Investment trusts ; ETF's individual shares etc )0 -
Does anyone have any thoughts on the Aviva Sipp.
The Aviva SIPP can be very cheap on IFA pricing but default pricing is not great. I set one up this week at 0.18% platform charge.From my research , it appears that the Aviva Sipp charges 0.4% for the first £50,000 and 0.35% thereafter plus fund charges and no charges for drawdown.
That is the non-IFA pricing. i.e. if you go direct.
its not worth using Aviva unless you are using an IFA. If you want to DIY then use a DIY provider.0
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