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Is II a no brainer

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  • MetaPhysical
    MetaPhysical Posts: 572 Forumite
    500 Posts Second Anniversary Photogenic Name Dropper
    edited 23 December 2025 at 2:53PM
    I got £800 cash back for moving my £650k SIPP over to II from Aviva in the Springtime this year.  That was not the reason I moved though, I moved because Aviva charged a % platform fee and they also added their mark-up fee on many funds.  It is very much cheaper for me and more flexible with II.
  • TBC15
    TBC15 Posts: 1,520 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 24 December 2025 at 1:57PM

    I’ve been with Fidelity for a few years now. My costs for a ETF SIPP in drawdown at the time was £63 pa

    I draw out a regular amount every month and the transactions come under the £1.50 regular transactions pricing

    Fidelity automatically cash in ETFs to pay for the monthly drawdown.

    The costs went up a couple of years ago they are now £108 all in, still quite good.

    Does anyone know what happened to the Snowmans spreadsheet for working out costs?


  • jaybeetoo
    jaybeetoo Posts: 1,504 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    SVaz said:
    No that’s wrong about HL,  my Wife does drawdown fully online every year.
    The only paper form she’s ever done was the very first time a few years ago. 
    She’s taken tax free cash online ( the web page does take a bit of finding so bookmark it)  and all she needed to do to request monthly drawdown was send a secure message. 
    I think you’re agreeing with me.  You say your wife had to fill out paper forms the very first time.  That is a manual process.  If you go into drawdown with ii it’s all online.
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