The BEST SIPP ?

whiteflag_3

TRUSt_NO_1 wrote: »

4% growth ?

Come on !

I was starting to enjoy this thread as informative .

Then you say 4% growth.

Whatever you choose at 4% growth you're going to get poorer.

Can you explain this?

Poorer what - quality of life?

If 4% is "worry free" and going to get you to where you want to be, why take the risk to get more?

Personally if I new I could maintain my desired lifestyle @ 4% growth I would be far happier sitting on the beach reading that the stockmarket had fallen, than if I was trying to achieve 7% and working out I had lost 20%!

dunstonh

Better to assume 4% and get 6% rather than to assume 6% and get 4%.

Gatser

dunstonh wrote: »

Better to assume 4% and get 6% rather than to assume 6% and get 4%.

Absolutely... that is the very stategy that I am using, for peace of mind in (semi) retirement.

Gatser

Thanks for all feedback to date

I am currently progressing a transfer of non-WP funds to a SIPP.
Awaiting a reply to see if I can transfer "in specie" but I suppose if SL will not allow this... it will not be a total disaster if I have to cash in all funds to transfer the cash over and start buying funds again.
Or am I wrong? (I may not have any other option)

Gatser

The SIPP Finalists on best pricing IMHO appear to be HL & SIPPDEAL

...but how do they compare for online access, user friendly screens, easy to understand information ?

How do they show the "Drawdown Account" online?

EdInvestor

Gatser wrote: »

The SIPP Finalists on best pricing IMHO appear to be HL & SIPPDEAL

...but how do they compare for online access, user friendly screens, easy to understand information ?

How do they show the "Drawdown Account" online?

I've had no problems with Sippdeal, excllent and very quick email based customer service dept. When you log on (there is a demo on their website) they show you the general statement of your account. Then you click through to James Brearley, the house broker, where the updated details will be shown.

There's no real "drawdown account" as such.The drawdown related info is in the benefits section, which lists your income details, when you've asked to be paid etc and in the payments section which shows money coming into the cash account (eg dividends ) and being paid out (eg as new investments or as drawdown income paymentsj).

Gatser

It would appear that I must not rule out Personal Pensions too if I am looking to keep mainly Unit Trusts in my pension.

With a slight slant on the original topic... What is the best PP, that I should compare with the "Best SIPP"... to see overall what is the BEST PENSION?

Gatser

EdInvestor wrote: »

I've had no problems with Sippdeal, excellent and very quick email based customer service dept.

If I am understanding the charges correctly...
Assuming:
a. Transfer in £200k
b. Buy 25 x £4k in UT
c. Buy 20 x £2.5k Shares/Gilts
d. Keep £50k in cash (for TFB)
e. set up a USP(Drawdown) inc 25%TFB
f. take 2 drawdown payments p.a.
g. include a USP review (which I believe you have to do to kick start the drawdown)

I reckon the first years costs would be £1170 with SIPPDEAL and £675 with HL. (In year 2 though, it looks like: £20 SIPPDEAL ; £200 HL)
Am I correct?

EdInvestor

I haven't actually got time to work it out Gatser, but is sounds right as H-L will charge you a fee if you buy and hold shares and gilts (Sippdeal won't) but H-L will charge a lower fee to invest in funds.

IIRC their transfer in, drawdown and review costs are much the same.

purch

H-L will charge you a fee if you buy and hold shares and gilts (Sippdeal won't)

Sippdeal trade securities for free ??