SIPP Recommendation

FIREmenow

@ColdIron said
Hargreaves Lansdown are easy and free

The OP wants to leave some invested, which wouldn't be free would it?

ColdIron

FIREmenow said:

@ColdIron said
Hargreaves Lansdown are easy and free

The OP wants to leave some invested, which wouldn't be free would it?

Nope, missed that bit. It would be free if all the cash was withdrawn or left in cash

FIREmenow

ColdIron said:

FIREmenow said:

@ColdIron said
Hargreaves Lansdown are easy and free

The OP wants to leave some invested, which wouldn't be free would it?

Nope, missed that bit. It would be free if all the cash was withdrawn or left in cash

Thanks, same with Vanguard now too, although HL seem to have more positive customer service reviews on here. I've never needed to contact Vanguard so far.

ColdIron

HL are easy to deal with but just for completeness, to take the PCLS and invest the remainder or leave it as cash you would need to move the £2,700 into drawdown but this can be done online without needing to contact them. You can decide what to do with it then. Invest it or withdraw the £2,700 monthly or whatever

What I was getting at was that there are no opening/annual charges for the account or additional fees for drawdown

Sodium68

dunstonh said:

Not all of them, for example Aviva require a minimum one-off deposit of £5000 so as I was looking to invest only £2880 in one go I can't use them.

That must be a limitation on the product you are looking at. Aviva do accept £3600 on both their stakeholder pension and their platform SIPP via advisers.

it is rare for providers to have a minimum like that. Most are around £1,000.

According to Aviva's website you can only put a minimum of £1000 if you are then going to continue to pay in monthly. 

dunstonh

Sodium68 said:

dunstonh said:

Not all of them, for example Aviva require a minimum one-off deposit of £5000 so as I was looking to invest only £2880 in one go I can't use them.

That must be a limitation on the product you are looking at. Aviva do accept £3600 on both their stakeholder pension and their platform SIPP via advisers.

it is rare for providers to have a minimum like that. Most are around £1,000.

According to Aviva's website you can only put a minimum of £1000 if you are then going to continue to pay in monthly. 

I didn't disbelieve you.   It's just very unusual nowadays.  You have probably found the exception to the rule.   Aviva can be strange like that with its multiple versions of products.

A general rule of thumb if you are going to DIY is best to use a provider that is geared for the DIY market.   Aviva is one that caters mostly for intermediaries but has a couple of DIY products on the side.   In reality, Aviva isn't great for intermediaries or DIY.    

Albermarle

FIREmenow said:

ColdIron said:

FIREmenow said:

@ColdIron said
Hargreaves Lansdown are easy and free

The OP wants to leave some invested, which wouldn't be free would it?

Nope, missed that bit. It would be free if all the cash was withdrawn or left in cash

Thanks, same with Vanguard now too, although HL seem to have more positive customer service reviews on here. I've never needed to contact Vanguard so far.

Yes and the saving from using Vanguard instead of HL for these sorts of amounts would be about £10 pa. So not worth the risk of more possible issues.