SIPP provider with lowest fees

mugston

I want to invest my SIPP in a low cost all world fund.

I'm not in employment so can only contribute £2,880 yearly.

Who can I do this through with the lowest fees?

Thanks.

ColdIron

Isn't this essentially the same thread as your one less than a couple of hours ago?

https://forums.moneysavingexpert.com/discussion/6508987/cheapest-lifetime-isa-all-world-etf

j_netprofit

I don't think shopping around will save you an awful lot, even if you were investing the full available amount. In 10yrs it's still 'only' 50K so looking for the cheaest platform won't save a ton here I don't think.

mugston

@ColdIron this is where to invest my SIPP and the other thread is about a Lifetime ISA.

I am new to this - will the cheapest LISA provider automatically be the cheapest SIPP provider?

I thought maybe one provider will be more competitive in one area than another and each would have it's own fees.

@jay_ftw if there is a yearly % on the balance it could well add up, assuming the fund doubles every 8 years on average.

Albermarle

There are only a handful of LISA providers, whilst there are many SIPP providers.

Basically you probably want to avoid a fixed fee provider, as these are more suitable for larger amounts.
Also for the sale of a few pennies you may as well go with an established provider with good customer service.
Hargreaves Lansdown
AJ Bell /Dodl 

cloud_dog

For someone starting out, with a strategy you have implied, I would suggest simply going with Vanguard as a starter.  If the amounts or strategy change significantly you can always reassess / transfer.  Although I assume you would be employed (??), and therefore you could simply piggy back on the workplace scheme, if it offers what you require.

penners324

PensionBee a good option as well

boingy

Here ya go, comparison tables start about halfway down:

Find the best & cheapest SIPP in 2024 (moneytothemasses.com)

dunstonh

penners324 said:

PensionBee a good option as well

Not really as they don't have SIPP functionality and don't offer a global tracker.  Plus, they are quite expensive.

They are better suited to very small pots for youngsters who put app functionality ahead of investment decisions.

sighup

Albermarle said:

There are only a handful of LISA providers, whilst there are many SIPP providers.

Basically you probably want to avoid a fixed fee provider, as these are more suitable for larger amounts.
Also for the sale of a few pennies you may as well go with an established provider with good customer service.
Hargreaves Lansdown
AJ Bell /Dodl 

I agree. For a modest increase in costs, the added value of HL / AJ Bell will become apparent over time.

UncleK

I moved away from H&L as we were being charged a percentage for having stuff just sitting there. If you are active that doesn't apply, of course.