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Vanguard or Interactive Investor SIPP to hold Vanguard fund?

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Comments

  • Albermarle
    Albermarle Posts: 29,025 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    coyrls said:
    II will charge another £120 again for drawdown , so £360 pa altogether + extra charges for one off withdrawals etc 
    But most of the cheaper platforms do the same . At this moment only HL & Fidelity offer a one price fits all for ISA's; SIPP;s and SIPP's in drawdown. So they are uncompetitive for large ISA's, but more in the frame for SIPPs in drawdown, especially if some shares/IT's/ETF's are held instead of all OEIC funds. 
    There are no extra charges for one off withdrawals that I am aware of.  They currently have an offer of no SIPP fee until April 2021 if you open a SIPP by the end of this month.

    My mistake , probably confusing them with another provider who do charge.
  • Mutton_Geoff
    Mutton_Geoff Posts: 4,028 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Vanguard just told me they won't accept SIPPs that are in drawdown (mines crystallised but actually not being drawn upon but it's status is drawdown). This is because their own drawdown scheme is not in place yet and they are not able to differentiate between crystallised and uncrystallised funds.
    Signature on holiday for two weeks
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