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  • FIRST POST
    • MSE Archna
    • By MSE Archna 8th Dec 06, 6:55 PM
    • 1,874Posts
    • 6,140Thanks
    MSE Archna
    Cheapest Sipp: build yourself a low cost DIY pension article
    • #1
    • 8th Dec 06, 6:55 PM
    Cheapest Sipp: build yourself a low cost DIY pension article 8th Dec 06 at 6:55 PM
    This discussion relates to the
    Last edited by MSE Andrea; 09-10-2014 at 1:57 PM.
    Report inappropriate posts: forumteam@moneysavingexpert.com




Page 18
    • jonon
    • By jonon 11th Aug 17, 1:27 PM
    • 15 Posts
    • 0 Thanks
    jonon
    thanks James
    • jonon
    • By jonon 11th Aug 17, 1:34 PM
    • 15 Posts
    • 0 Thanks
    jonon
    Is an ETF (Exchange traded fund) not a fund?

    Is an S&P 500 index a "Fund, OEICS and unit trust" or "Shares & ETF's"

    Is the FTSE 100 index a fund?

    Thanks
    Last edited by jonon; 11-08-2017 at 1:45 PM.
  • jamesd
    An ETF is a share. Pricing for dealing or holding an ETF doesn't have to be the same as for other shares.

    The S&P 500 index and the FTSE 100 are indexes, not funds, OEICs, unit trusts, shares or ETFs. Index trackers can be any of the things listed.
    • dunstonh
    • By dunstonh 11th Aug 17, 4:46 PM
    • 93,430 Posts
    • 60,958 Thanks
    dunstonh
    Is the FTSE 100 index a fund?
    But not one you would want to invest in.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
    • jonon
    • By jonon 11th Aug 17, 6:23 PM
    • 15 Posts
    • 0 Thanks
    jonon
    Thanks guys, sorry these questions must be painful!

    Is the Vanguard LifeStrategy 80% a fund?

    Just trying to find out whats free to make regular deposits into.
    • AlanP
    • By AlanP 11th Aug 17, 9:12 PM
    • 1,214 Posts
    • 874 Thanks
    AlanP
    Thanks guys, sorry these questions must be painful!

    Is the Vanguard LifeStrategy 80% a fund?

    Just trying to find out whats free to make regular deposits into.
    Originally posted by jonon
    It is a "fund" in terms of any charge to invest in it by a platform that acts as a basket for a handful of Vanguard sector/asset specific funds that your money actually purchases.
    • thecolonel62
    • By thecolonel62 21st Aug 17, 5:33 PM
    • 4 Posts
    • 0 Thanks
    thecolonel62
    i have a SIPP which comprises of a number of bank accounts which hold cash either in a fixed term deposit or notice account and straight current account, current provider/administrator AJ Bell are expensive and not very effecient .....looking for better and cheaper , any thoughts /links, i dont trade shares etc just hold cash, so easy peasy .....thanks
    • cancunia
    • By cancunia 6th Sep 17, 9:42 AM
    • 92 Posts
    • 22 Thanks
    cancunia
    I'm thinking of moving some of my HL Sipp holdings in-specie to Bestinvest due to lower platform fees and Bestinvest will cover the transfer out fees from HL. I'm just a bit worried about the levels of service I can expect from Bestinvest. Does anyone have experience of the Bestinvest Sipp platform services?
    Thanks
    • stephennt
    • By stephennt 6th Sep 17, 4:39 PM
    • 28 Posts
    • 22 Thanks
    stephennt
    Afraid I can't comment on Bestinvest, but I recently moved my SIPP from HL to II for the same reason. I should warn you to allow HL 3 months to complete the transfer, as they've been absolutely awful as managing my xfer out...
    • cancunia
    • By cancunia 6th Sep 17, 5:08 PM
    • 92 Posts
    • 22 Thanks
    cancunia
    Thanks, I'll take a look at II.

    I've dug a bit deeper into the Bestinvest offering, seems that although their management fees are lower than HL, they start to charge for drawdown on a yearly basis once you want your money out.I've looked at the HL website & can't see any drawdown fees so have asked them about it. Overall, I'm not sure which is better value.
    • Laycity
    • By Laycity 7th Sep 17, 1:12 PM
    • 1,543 Posts
    • 2,371 Thanks
    Laycity
    Thanks, I'll take a look at II.

    I've dug a bit deeper into the Bestinvest offering, seems that although their management fees are lower than HL, they start to charge for drawdown on a yearly basis once you want your money out.I've looked at the HL website & can't see any drawdown fees so have asked them about it. Overall, I'm not sure which is better value.
    Originally posted by cancunia
    Depends on your pot value, number of years until you go into drawdown and how long you plan to be in drawdown for.
    • cancunia
    • By cancunia 7th Sep 17, 1:25 PM
    • 92 Posts
    • 22 Thanks
    cancunia
    It's true there are a lot of variables to weigh. HL have just confirmed that there are no charges for Drawdown so while Bestinvest may be cheaper upfront, they will cost 100 per year or more to get your money back out.
    • richjdavies
    • By richjdavies 24th Jan 18, 5:00 PM
    • 4 Posts
    • 1 Thanks
    richjdavies
    Iii
    Following the article I tried to get an III SIPP months and months ago, but kept getting the run around.

    Has anyone actually been able to open an III SIPP - I'm starting to believe it's just a big 'beagles-about' honey pot.

    I've had three secure messages tell me "yes we've opened your SIPP now"; but they haven't... the account has shown SIPP closed since August.

    Anyway - would be good to get some reassurance that I will eventually be able to move my SIPP from HL to III... as Im petrified that the transfer experience will take until I am RETIRED
    • MallyGirl
    • By MallyGirl 24th Jan 18, 5:25 PM
    • 2,820 Posts
    • 7,829 Thanks
    MallyGirl
    yes - I opened one just before the merger with TD. I managed one transfer in before they put a hold on them in December and I have managed one further transfer in January with 2 more still in progress.
    So far all has been well. I did have to make one trade by phone but they applied the web commission rate so that was OK
    • johnD17
    • By johnD17 25th Jan 18, 5:57 PM
    • 59 Posts
    • 0 Thanks
    johnD17
    Interesting reading

    I'm new to real investment both from a stocks and shares ISA and a Pension point of view.

    The main reason I am wanting to chuck any spare income I have at a SIPP (rather than ISA) is that I am a self employed contractor, therefore I get the tax break from investing 'from the company'

    Just wanted to confirm that in my position, the SIPP should win hands down vs ISA on the tax savings (for an ISA i would need to draw out as dividends and invest as a person, not as the company)?
    • atilla
    • By atilla 28th Jan 18, 2:02 PM
    • 839 Posts
    • 710 Thanks
    atilla
    Interesting reading

    I'm new to real investment both from a stocks and shares ISA and a Pension point of view.

    The main reason I am wanting to chuck any spare income I have at a SIPP (rather than ISA) is that I am a self employed contractor, therefore I get the tax break from investing 'from the company'

    Just wanted to confirm that in my position, the SIPP should win hands down vs ISA on the tax savings (for an ISA i would need to draw out as dividends and invest as a person, not as the company)?
    Originally posted by johnD17
    If you are self employed you don't have a company.
    • Prism
    • By Prism 28th Jan 18, 11:05 PM
    • 404 Posts
    • 315 Thanks
    Prism
    Just wanted to confirm that in my position, the SIPP should win hands down vs ISA on the tax savings (for an ISA i would need to draw out as dividends and invest as a person, not as the company)?
    Originally posted by johnD17
    Assuming your position is you are a director for your own limited company then yes the best option for a SIPP is to pay directly from the business. This saves on corporation tax and dividend tax. You are not self employed if you have a company btw.
    • ducatidemon100
    • By ducatidemon100 30th Jan 18, 1:28 PM
    • 14 Posts
    • 4 Thanks
    ducatidemon100
    Having run a SIPP with Bestinvest (or Worstinvest as I ilke to call them) since 2013, I am a little surprised to see them at the top of the leader board. I have also used several other platforms and find that HL has a superior website: not only can you easily access all transactions for a particular holding (rather than having to plough through all transactions), but more importantly I have have never 1. logged on to find half my invests missing from the screen (at least twice); 2. had the same share purchase actioned twice (on one occasion making me overdrawn); 3. regularly been told that the back-room team need to get this in sync. So far as I can tell, I am charged a monthly fee for funds held only, not for shares. II are also better the Worstinvest as you can also see transaction history for each shareholding and I don't recall one instance of investments not appearing on screen. Sadly, II has changed it's platform recently and is not only suffering bugs (errors in presentation) but also, without warning, ceased to use automatic dividend investment if the dividend is not paid in sterling and also does not convert the foreign currency dividends to sterling automatically. HL wins EXCEPT on fees. I'm about to open a child SIPP with either A J Bell or Alliance Trust, based on ETF use and DRIP using all currencies.
    • maureenbulman
    • By maureenbulman 30th Jan 18, 1:33 PM
    • 38 Posts
    • 0 Thanks
    maureenbulman
    posting a new thread
    Could anybody please tell me how to post a question on here.Thanking you in advance
    • ducatidemon100
    • By ducatidemon100 30th Jan 18, 1:39 PM
    • 14 Posts
    • 4 Thanks
    ducatidemon100
    IIi
    Hi richjdavies - I would call II (be prepared for a long wait). It seems that when they switched platforms in December, all SIPP users were required to complete new SIPP contribution forms. You will probably need to re-submit forms. Somewhere a little way down the list of posts is one by me pointing out other changes which I believe are steps back rather than improvements. (IMNSHO they did not adequately flag this need; certainly I missed secure messages and failed to fully read the "New platform transfer complete" email as it did not occur to me they might hide something important in it). Good luck.
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