We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
What's your drawdown percentage and how much of that do you spend on financial fees?
Comments
-
bostonerimus said:
Financial fees ~0.1% (no IFA , no platform fees, just fund fees)1 -
jamesd said:bostonerimus said:
Financial fees ~0.1% (no IFA , no platform fees, just fund fees)“So we beat on, boats against the current, borne back ceaselessly into the past.”0 -
53.
3 days
<£200 income (partner has just over PA at the moment)
Nothing from pension (will have to wait two years). Planned withdrawal rate between 1.6% and 2.2% depending on how much travel we can do and what hobbies we do. This is based on all investments (i.e. not just SIPP).
Fees c0.12% (cash, premium bonds, SIPP - of which platform fees are roughly 0.02%)0 -
Prism said:I am not retired quite yet but will be in a few years. Platform fees are 0.02% and fund fees around 0.75%/Similar not retired yet and across all our accounts are spending a weighted average of 0.03% on platform/trade fees and 0.20% on fund managers.The platform fees on our main accounts are mostly capped, fixed or zero and the 0.03% is higher than it will be as we are maintaining LISAs which would get transferred into the existing ISAs at 60 and I hope the assets will be more valuable by then so around 0.02% platform/trade fees in retirement if the current pricing models hold even if they increase with inflation.On the 0.20% fund manager charges it's my naughty active investment trust that's causing them to be around 0.05% higher than necessary.bostonerimus said:it will still be interesting for UK retirees to share their withdrawal rates and the amount that they spent on financial fees1
-
I don't have the inclination to work out my exact fee percentage,
I do have a relatively small SIPP (around 225k) with H&L and platform fees are 0.45% + fund fees so expensive, also have stock ISAs (around 200k) with them on same fee structure.
I'm not sure what my company DC pension costs are, but have no way of changing it so irrelevant. Once I retire I need to move the DC pension as they don't provide drawdown, so will need to research where to put it, fees will be one of the considerations, may move my H&L pots at the same time. Some of the quotes above are for very low platform fees.
I should also add I have around 600k in cash and premium bonds, so no fees but the opportunity cost over the last 18mths has been very large!It's just my opinion and not advice.1 -
SouthCoastBoy said:I'm not sure what my company DC pension costs are, but have no way of changing it so irrelevant.It might be worth looking as the various fund choices might have different charges and if they are expensive you might have the option to partially transfer lump sums into a SIPP etc for potentially lower charges.SouthCoastBoy said:Some of the quotes above are for very low platform fees.2
-
SouthCoastBoy said:I don't have the inclination to work out my exact fee percentage,
I do have a relatively small SIPP (around 225k) with H&L and platform fees are 0.45% + fund fees so expensive, also have stock ISAs (around 200k) with them on same fee structure.
I'm not sure what my company DC pension costs are, but have no way of changing it so irrelevant. Once I retire I need to move the DC pension as they don't provide drawdown, so will need to research where to put it, fees will be one of the considerations, may move my H&L pots at the same time. Some of the quotes above are for very low platform fees.
TB Amati UK Smaller Companies is a fund I have held for over 5 years - it is among - if not my most expensive funds at a cost of nearly 0.9%. Despite these costs it has returned over 150% over the 5 years. I also hold VMID a UK midcap tracker etf with one of my lowest charges of 0.1% and attracting effectively no platform fee. It has returned around 50% over the same 5 years. Swapping from TB Amati to VMID might have saved platform charges of a few percent but at what cost! It is not all about the charges!
p.s. HL also make no charges for moving funds into drawdown adjustments or one off lump sums etc- I think they are pretty good value for me.1 -
pip895 said:SouthCoastBoy said:I don't have the inclination to work out my exact fee percentage,
I do have a relatively small SIPP (around 225k) with H&L and platform fees are 0.45% + fund fees so expensive, also have stock ISAs (around 200k) with them on same fee structure.
I'm not sure what my company DC pension costs are, but have no way of changing it so irrelevant. Once I retire I need to move the DC pension as they don't provide drawdown, so will need to research where to put it, fees will be one of the considerations, may move my H&L pots at the same time. Some of the quotes above are for very low platform fees.
TB Amati UK Smaller Companies is a fund I have held for over 5 years - it is among - if not my most expensive funds at a cost of nearly 0.9%. Despite these costs it has returned over 150% over the 5 years. I also hold VMID a UK midcap tracker etf with one of my lowest charges of 0.1% and attracting effectively no platform fee. It has returned around 50% over the same 5 years. Swapping from TB Amati to VMID might have saved platform charges of a few percent but at what cost! It is not all about the charges!
p.s. HL also make no charges for moving funds into drawdown adjustments or one off lump sums etc- I think they are pretty good value for me.It's just my opinion and not advice.1 -
pip895 said:SouthCoastBoy said:I don't have the inclination to work out my exact fee percentage,
I do have a relatively small SIPP (around 225k) with H&L and platform fees are 0.45% + fund fees so expensive, also have stock ISAs (around 200k) with them on same fee structure.
I'm not sure what my company DC pension costs are, but have no way of changing it so irrelevant. Once I retire I need to move the DC pension as they don't provide drawdown, so will need to research where to put it, fees will be one of the considerations, may move my H&L pots at the same time. Some of the quotes above are for very low platform fees.
TB Amati UK Smaller Companies is a fund I have held for over 5 years - it is among - if not my most expensive funds at a cost of nearly 0.9%. Despite these costs it has returned over 150% over the 5 years. I also hold VMID a UK midcap tracker etf with one of my lowest charges of 0.1% and attracting effectively no platform fee. It has returned around 50% over the same 5 years. Swapping from TB Amati to VMID might have saved platform charges of a few percent but at what cost! It is not all about the charges!
p.s. HL also make no charges for moving funds into drawdown adjustments or one off lump sums etc- I think they are pretty good value for me.
Their charging structure is very similar to HL except they are cheaper.
0.35% standard but if you have over £250K ( in total on the platform) then 0.2% on all of it, not just the amount over £250K ( discounts with HL only apply above the £250K )
Shares /ETF's/IT's cost capped at £45 , again over the whole platform , not each individual account.
As Alexland details above , it is possible to have a SIPP ( and in drawdown ) for £51 pa1 -
Good to know regarding fidelity, what is their UI and customer service like?It's just my opinion and not advice.0
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 352K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245K Work, Benefits & Business
- 600.6K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards