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Sipp management fees how can I reduce

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  • Albermarle
    Albermarle Posts: 31,044 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    TBC15 said:

    An ETF SIPP with Fidelity in drawdown would cost £63 pa.

    I thought Fidelity charged a max of £45 service charge if you only hold ETFs + assuming you're on their new system a £10 charge per each normal online buy or sell of an ETF. So wouldn't it depend on the activity as to what the charge is?
    I was also wondering where this exact £63 came from . There is a also a £1.50 charge for reinvesting dividends.
  • TBC15
    TBC15 Posts: 1,521 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    TBC15 said:

    An ETF SIPP with Fidelity in drawdown would cost £63 pa.

    I thought Fidelity charged a max of £45 service charge if you only hold ETFs + assuming you're on their new system a £10 charge per each normal online buy or sell of an ETF. So wouldn't it depend on the activity as to what the charge is?

    ETF fee is £45. Every month Fidelity does what is required to pay my monthly income and this costs £1.50 per sale.


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