Re: Vanguard SIPP.
Posted: July 7th, 2018, 1:43 pm
You had me excited there. I'm interested and have been signed up for months. Still no indication of it going live though!
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FredBloggs wrote:neversay wrote:You had me excited there. I'm interested and have been signed up for months. Still no indication of it going live though!
Apologies if you're already aware. Vanguard are still saying it will be launched in 2018. You may have a mere five months to wait now.
FredBloggs wrote:neversay wrote:You had me excited there. I'm interested and have been signed up for months. Still no indication of it going live though!
Apologies if you're already aware. Vanguard are still saying it will be launched in 2018. You may have a mere five months to wait now.
dingdong wrote:Why are people excited about Vanguard launching a SIPP on their own platform rather than just investing in Vanguard Target Retirement Funds on other (cheaper) platforms which they can do now?
b0f77 wrote:Which are the cheaper platforms to hold large accounts with Vanguard funds in a SIPP, especially if thinking of going into drawdown? My SIPP is with Hargreaves which charge 0.45% on funds uncapped, so I only hold ETFs in there (charges capped at £200 on ETFs). I think there are some cheaper platforms like Halifax, iWeb and Interactive Investor, but these look more expensive in drawdown than HL and I am close to doing that.
StepOne wrote:iWeb SIPP is £180 annually - same when in drawdown. ...
StepOne wrote:I think that Halifax will be the same as they are part of the same group. I often wonder if I must be missing something with iWeb charges, because they seem so much cheaper than other providers for large SIPPS.
TedSwippet wrote:StepOne wrote:iWeb SIPP is £180 annually - same when in drawdown. ...
I am pretty sure that £180 annual charge for drawdown is in addition to the £45/quarter (£180/year) charge for simply holding a SIPP. So £360/year once you get into drawdown, then.
StepOne wrote:Yes, you are right, I checked with iWeb and the drawdown charge is an addition, so it would be a total of £360 a year. Still a reasonable charge once your SIPP is into 6 figures.
swill453 wrote:Maybe, if you are investing in funds. ...
swill453 wrote:StepOne wrote:Yes, you are right, I checked with iWeb and the drawdown charge is an addition, so it would be a total of £360 a year. Still a reasonable charge once your SIPP is into 6 figures.
Maybe, if you are investing in funds.
My SIPP, well into six figures, costs me a total of £130 per year* with AJ Bell Youinvest. This is because it's invested in Investment Trusts and shares.
* - £100 per annum custody charge (the maximum they would charge) plus £25 + VAT for a one-off drawdown per year.
Scott.
StepOne wrote:They separate brokers into 'flat rate' and 'percentage' - I was only really interested in flat rate brokers and so missed the AJ Bell entry. Looking at it now says basic account fees are '0.25% of the first 250,000 of funds', then under SIPP it says '+0.25%', which makes it looks though the total charges for a SIPP would be 0.5%. But in fact I guess this only is true if you have funds in you SIPP (which I do, but they could easily be changed for equivalent ETFs).