SIPP - No fees

Albermarle

cloud_dog said:

Albermarle said:

chrismriley said:

Hi
I am looking for a SIPP to pay salary sacrifice into, which has no fee for just holding cash with them; I don’t want to invest in stocks

Also it needs to pay good interest

I already know AJ Bell and Hargreaves Lansdown do this, but are there any others please?

thank you for any help

The trade off for no platform fees for holding cash, is a poorer interest rate than you get in a normal easy access account. HL, AJ Bell etc pocket the difference.

As @Linton suggests you maybe be better of paying the platform fees and the fund charge for a money market fund. HL = 0.55% ; A J bell = 0.35%

I'm sure you just made a typo, but AJ Bell charge is 0.25%.

The oft mentioned RL STMMF costs 0.1% in addition to the platform fee of 0.25% ( also why on HL it would cost 0.55% overall)