Starting a new SIPP, with a pension transfer

[northernladuk]

I should really offer an example...

Pension pot: £80,000
Platform charge: 0.35%
Imaginary fund OCF/TER: 0.45%
Cost over 12 months: £640

Pension pot: £80,000
Platform charge: £24 pcm
Imaginary fund OCF/TER: 0.45%
Cost over 12 months: £648

Usual caveats and excludes dealing charges.

Corrections welcome.

How dat?

[Spoiler]

Just looking at transferring existing pension pot to a SIPP (~£110k).
Ltd pays monthly employer contributions, which will probably be used to buy Vanguard ETFs (still got to watch Lars Kroijer videos!).

Looking around at provider costs, Interactive Investor looks good - £240 a year flat fees (currently works out at ~0.22% fees decreasing as pot increases).

Anyone compared fees recently and found an alternative ?

[Petrolhead]

Mike before you simply open a new SIPP check out the pension transfer cashback offers most provide eg HL and AJBell.

You’ll get a tiered amount depending on how much pension you transfer in from your existing arrangement to a new SIPP on opening.

Not huge but enough for a nice meal or two.

[WordIsBond]

Looking around at provider costs, Interactive Investor looks good - £240 a year flat fees (currently works out at ~0.22% fees decreasing as pot increases).

Anyone compared fees recently and found an alternative ?

This is share dealing fees and so you'd want to find out if it's the same within a pension, and I don't think it covers fund fees, but The Best Share Dealing Accounts | MyWalletHero

[Spoiler]

ii still looking good - £19.99 a month flat fee, which includes 1 trade (works for me as my Ltd is paying in monthly)

- Our administration fee is just £10 per month while you are building your pension pot, in addition to the service plan fee of £9.99 per month.
- UK trades are charged at £7.99. Every month we give you a free credit of £7.99 to be used against any trade.

Plus, currently offering £250 cashback for transferring in a SIPP.

Still looking around, but at the moment these lot look the best option for now.