How best to get a good interest rate on cash sitting in SIPP?

aaj123

I have a fair amount of gold etf in my SIPP. I normally have considered it a cash equivalent but now cash should give a decent yield which gold isn't nor is showing much promise of price upside. What is the best way of getting a good yield on cash within a SIPP? Money market fund?

Doctor_Who

aaj123 said:

I have a fair amount of gold etf in my SIPP. I normally have considered it a cash equivalent but now cash should give a decent yield which gold isn't nor is showing much promise of price upside. What is the best way of getting a good yield on cash within a SIPP? Money market fund?

I use a short term money market fund in my SIPP, but only for money being held for 1-2 years. There are several threads either here or on the pensions board.

aaj123

Doctor_Who said:

aaj123 said:

I have a fair amount of gold etf in my SIPP. I normally have considered it a cash equivalent but now cash should give a decent yield which gold isn't nor is showing much promise of price upside. What is the best way of getting a good yield on cash within a SIPP? Money market fund?

I use a short term money market fund in my SIPP, but only for money being held for 1-2 years. There are several threads either here or on the pensions board.

Is there an alternative way though to get decent hotels on cash within a SIPP? I mean do SIPP providers offer interest rates on cash comparable to the easy access best buy rates?

Doctor_Who

aaj123 said:

Doctor_Who said:

aaj123 said:

I have a fair amount of gold etf in my SIPP. I normally have considered it a cash equivalent but now cash should give a decent yield which gold isn't nor is showing much promise of price upside. What is the best way of getting a good yield on cash within a SIPP? Money market fund?

I use a short term money market fund in my SIPP, but only for money being held for 1-2 years. There are several threads either here or on the pensions board.

Is there an alternative way though to get decent hotels on cash within a SIPP? I mean do SIPP providers offer interest rates on cash comparable to the easy access best buy rates?

I use Interactive Investor and their interest rates are here, easily beaten by a STMMF. I've been told that some (not many) SIPP providers offer fixed rate cash options, but II don't.

dunstonh

a)  check your SIPP cash interest rate.  Some fo the platforms have fairly decent cash rates
b) STMM funds are giving just under 5% currently
c) full SIPPs have access to deposits and structured deposits.

northAthenian

If your SIPP has the option to invest in structured products or bank accounts, that may be an option. often that means the asset in question needs to be open to a Trustee (ie the SIPP trustee) holding that account/investment as part of the pension. It might however mean you pay higher fees to the SIPP provider to access that type of investment in comparison to their standard funds - so it may be a balance between how much cash you have to invest & expected interest rate /returns vs the charges to hold those assets..