There are numerous companies jumping on the SIPP bandwagon ,trying to keep track on which company is charging for their SIPP product and being able to compare prices have been difficult .I have started a list and aim to track SIPP charges.
SIPP Provider |
Setup /administration /ongoing charges |
Transfer in/out charge |
AJ Bell |
£425 setup £40 annual administration property purchase £550 annuity purchase £50 Phased retirement £150
|
From occupational £50
Personnel Pension £50
Transfer out £50
|
Charles Stanley |
Setup nil Annual admin 0.5% (min £350) Property Purchase NA Annuity purchase :they are negotiable Phased retirement £100 |
From occupational pension £750 Personal pension :negotiable
Transfer out £10 per stock |
Greyfairs Asset Management |
Setup £600 Annual Admin 0.25% (min £650 ,max £1290) Property purchase £200 Annuity purchase nil Phased retirement nil |
Occupational and personnel pension nil Transfer out charge nil |
Hargreaves Lansdown |
Setup nil Annual admin 0.5% (max £200) Phone 1% dealing charge Online (min £9.95 max 29.95) Annuity charge nil if done through HL other companies £150
|
Transfer in Occupational £75 Personnel pension nil Transfer out nil
|
Harsant Services
|
Setup £650 Property purchase £500 Annuity purchase £100 Phased retirement £100 |
Occupational transfer nil Personnel pension nil Transfer out £150 |
James Hay |
Setup £455 Dealing charge £30 per transaction (max £300) Property purchase £500 Annuity purchase £100 Phased retirement NA |
Occupational pension nil Personnel pension nil Transfer out nil |
Killik&Co |
Setup Nil Annual administration nil Property purchase £595 Annuity purchase £75
|
Transfer in occupational pension £50 Personnel pension £50 Transfer out £25 per line? |
Mattioli Woods |
Setup £765 Annual administration £375 Property purchase time cost Annuity purchase time cost Phased retirement time cost |
Transfer in for occupational /personnel pensions time cost Transfer out £250 |
Pointon York |
Setup £500 Annual admin £600 Property purchase £450 Annuity purchase £350 Phased retirement nil |
|
If you see any SIPP companies information that is not on the SIPP list please email me and I will add the info.