We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

SIPP Transfer after Crystalizaiton

I have crystallized my AJ BELL SIPP and taken the 25% lump sum and I have started to take a monthly taxable payment from it. Charges are circa £1,000.00. Could I transfer my AJ Bell over to my Interactive Investor account where the charges are more favourable? 

Comments

  • bolwin1
    bolwin1 Posts: 287 Forumite
    Ninth Anniversary 100 Posts Name Dropper
    segovia said:
    I have crystallized my AJ BELL SIPP and taken the 25% lump sum and I have started to take a monthly taxable payment from it. Charges are circa £1,000.00. Could I transfer my AJ Bell over to my Interactive Investor account where the charges are more favourable? 
    I did exactly that a few years ago, so unless they've changed their policies, you'll be fine. 
  • jaybeetoo
    jaybeetoo Posts: 1,504 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I moved my drawdown SIPP from HL to ii recently without problem.  I can’t see a problem with moving from AJ Bell.
  • tetrarch
    tetrarch Posts: 393 Forumite
    Part of the Furniture 100 Posts Name Dropper
    I did precisely this last August.

    Mine was all cash by the time of the transfer and was quick and easy

    Regards

    Tet
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354K Banking & Borrowing
  • 254.3K Reduce Debt & Boost Income
  • 455.3K Spending & Discounts
  • 247K Work, Benefits & Business
  • 603.6K Mortgages, Homes & Bills
  • 178.3K Life & Family
  • 261.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.