SIPP transfer

mika_dm

I hope it is not a daft question, but:
If in this financial year I opened a SIPP with Vanguard and I want to transfer it to Fidelity(due to reaching the threshold of fees), am I able to do it still in this financial year or do I have to wait until next financial year?

Thank you for your kind replies. 

cloud_dog

You can transfer whenever you like, once you have opened the Fidelity account as you initiate from Fidelity.

mika_dm

cloud_dog said:

You can transfer whenever you like, once you have opened the Fidelity account as you initiate from Fidelity.

So, you can open two SIPPs in the same financial year, contribute only in one and transfer to the new one. I got it.

Thank you.

Croeso69

mika_dm said:

cloud_dog said:

You can transfer whenever you like, once you have opened the Fidelity account as you initiate from Fidelity.

So, you can open two SIPPs in the same financial year, contribute only in one and transfer to the new one. I got it.

Thank you.

You can open as many as you like and contribute to as many as you like - subject to the same total contribution limits as would apply for just one SIPP (i.e. max of salary or £40,000 if lower or £3,600 if higher - ignoring any carry forward and any other nuances)..

mika_dm

Croeso69 said:

mika_dm said:

So, you can open two SIPPs in the same financial year, contribute only in one and transfer to the new one. I got it.

Thank you.

You can open as many as you like and contribute to as many as you like - subject to the same total contribution limits as would apply for just one SIPP (i.e. max of salary or £40,000 if lower or £3,600 if higher - ignoring any carry forward and any other nuances)..

Thank you.
I was under the impression you can open only one per financial year as ISA.
It is all clear now.