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SIPP charges
SpeedSouth
Posts: 361 Forumite
Currently have a work pension with £430k in it. AMC is 0.4%.
So annual charge of £1720.
Vanguard looks capped at £375 and II is £144 per year for platform.
I guess none of these include fund charges which my work one does.
I have small amount in a Vanguard Sipp at present, invested in FTSE global all cap.
Do Vanguard charge fund costs ontop of the £375 for their own funds.
Work is pretty cheap but the figures are getting larger now, so wondering of to move it out. Then keep the work one going for the contributions going forward.
So annual charge of £1720.
Vanguard looks capped at £375 and II is £144 per year for platform.
I guess none of these include fund charges which my work one does.
I have small amount in a Vanguard Sipp at present, invested in FTSE global all cap.
Do Vanguard charge fund costs ontop of the £375 for their own funds.
Work is pretty cheap but the figures are getting larger now, so wondering of to move it out. Then keep the work one going for the contributions going forward.
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Comments
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Yes. 0.2% on average
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Are you sure 0.4% includes fund charges?I’m a Forum Ambassador and I support the Forum Team on the Credit Cards, Savings & investments, and Budgeting & Bank Accounts boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.
All views are my own and not the official line of MoneySavingExpert.0 -
Are you sure 0.4% includes fund charges?Sounds in the ballpark of expectation.I guess none of these include fund charges which my work one does.Correct.I have small amount in a Vanguard Sipp at present, invested in FTSE global all cap.The fund has an OCF of 0.23% and TC of 0.04% = 0.27% p.a.Do Vanguard charge fund costs ontop of the £375 for their own funds.yes.
I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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