SIPP Pension Initial Costs - IFA

[eddie1507]

Hi Guys,

I have spoken to 2 IFA's as I need to set up a pension, i have decided to go for a SIPP Pension.

The first IFA wanted £3k to set up the second IFA a more reasonable £750, it still seems a little steep.

The service has been quoted is to set up a SIPP only not being managed etc as this would be pointless in the first couple of years until the balance grew.

Wondering how much fellow contractors paid when setting up their SIPP or did they do it on their own?

Cheers

[Scruff]

£0

Hargreaves Landsdown

DIY

[Lance]

£0

Hargreaves Landsdown

DIY

£0 for interactive investor as well but they need some validated documents so it’s a pain. Thumbs up for HL.

[GhostofTarbera]

£0 for interactive investor as well but they need some validated documents so it’s a pain. Thumbs up for HL.

£3k gets 4 new tyres on his Bentley surly ?


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[adubya]

I have an iWeb SIPP, £0 cost to open. What are these IFA's doing for their fees ?

IWeb Share Dealing | SIPP (Self Invested Personal Pension)

I also see that long awaited Vanguard SIPP is nearly with us

Vanguard: Helping you reach your investing goals | Vanguard

[Lance]

£3k gets 4 new tyres on his Bentley surly ?


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Cheap tyres then.

[GhostofTarbera]

Cheap tyres then.

You still got your Bentley sir ?


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[eddie1507]

Thank you all I thought it was a little step for a click of a few buttons ...

said no IT contractor ever


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[Lance]

You still got your Bentley sir ?


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Too vulgar.

[rootsnall]

I have an iWeb SIPP, £0 cost to open. What are these IFA's doing for their fees ?

IWeb Share Dealing | SIPP (Self Invested Personal Pension)

I also see that long awaited Vanguard SIPP is nearly with us

Vanguard: Helping you reach your investing goals | Vanguard

Vanguard doesn't look as good a deal as IWeb or AJ Bell !?!

Original poster - do it for free with any of the options mentioned here, invest it in a FTSE tracker and forget about it until you are retiring.