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    • soul_fool
    • By soul_fool 10th Oct 17, 3:26 PM
    • 11Posts
    • 0Thanks
    Recommended SIPP platform
    • #1
    • 10th Oct 17, 3:26 PM
    Recommended SIPP platform 10th Oct 17 at 3:26 PM
    Hi All,

    I have 2 old workplace pensions from previous jobs that I no longer pay into and I would like to amalgamate them by transferring them into a SIPP. I am keeping my current pension as is and will continue to pay into that monthly (15% combined contribution between me and my employer).

    The value of the 2 pensions I'd like to transfer is around 115k and I'd like to have them in one place as well as have access to a wider range of investment options. The 2 that stand out for me are Hargreaves Lansdown and Interactive Investor. The 0.45% charge for HL is a bit off-putting though given the size of my pot - although they do have a vast array of investments and excellent customer service.

    I am 41 and would like to retire at around 65, give or take a couple of years. My thoughts at the moment are to grow the SIPP as much as possible through sensible asset allocation and use that as drawdown, whilst gradually increasing the contributions to my workplace pension and using that to buy an annuity.

    Is anyone planning something similar or have advice regarding SIPP platforms?

    Many thanks.
Page 1
    • dunstonh
    • By dunstonh 10th Oct 17, 4:07 PM
    • 93,005 Posts
    • 60,391 Thanks
    • #2
    • 10th Oct 17, 4:07 PM
    • #2
    • 10th Oct 17, 4:07 PM
    although they do have a vast array of investments
    They have no more or no less than every other SIPP.

    HL has good software. That is its main selling point. Investment choice is irrelevant because if it is a SIPP.
    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.
    • MoneyGeoff
    • By MoneyGeoff 10th Oct 17, 4:17 PM
    • 106 Posts
    • 62 Thanks
    • #3
    • 10th Oct 17, 4:17 PM
    • #3
    • 10th Oct 17, 4:17 PM
    What are the fees on your current workplace pension? Do they accept transfer ins?
    • pip895
    • By pip895 10th Oct 17, 4:36 PM
    • 577 Posts
    • 321 Thanks
    • #4
    • 10th Oct 17, 4:36 PM
    • #4
    • 10th Oct 17, 4:36 PM
    I am looking at opening an iWeb SIPP (administered through AJ Bell) the charges seem VERY low. 180/anum and a 60 transfer in fee. They do charge 5/trade though.

    iWeb have updated their software and it is much better than it was - I assume the SIPP will use the same interface.
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