tonyr
Member of DD Central
Posts: 477 
Likes: 258
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Sipp
Apr 14, 2015 20:33:51 GMT
Post by tonyr on Apr 14, 2015 20:33:51 GMT
You must also keep 2 years fees in cash at all times (£3000). That £3k gets no interest. I'm hoping that Assetz Capital arrange for a single platform SIPP, which is now available on TC, fees are £350 p.a. That's open to negotiation. For a start, £1500 comes out straight away, so only leaving £1500. There's also the argument that AC is interest bearing assets so the clause doesn't apply. Thanks for the TC numbers - too late for me but very good to know.
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sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
Posts: 1,428
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Sipp
Apr 14, 2015 21:07:34 GMT
Post by sqh on Apr 14, 2015 21:07:34 GMT
You must also keep 2 years fees in cash at all times (£3000). That £3k gets no interest. I'm hoping that Assetz Capital arrange for a single platform SIPP, which is now available on TC, fees are £350 p.a. That's open to negotiation. For a start, £1500 comes out straight away, so only leaving £1500. There's also the argument that AC is interest bearing assets so the clause doesn't apply. Thanks for the TC numbers - too late for me but very good to know. I believe the annual fees can be paid externally from the SIPP.
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tonyr
Member of DD Central
Posts: 477
Likes: 258
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Sipp
Apr 15, 2015 14:04:16 GMT
Post by tonyr on Apr 15, 2015 14:04:16 GMT
That's open to negotiation. For a start, £1500 comes out straight away, so only leaving £1500. There's also the argument that AC is interest bearing assets so the clause doesn't apply. Thanks for the TC numbers - too late for me but very good to know. I believe the annual fees can be paid externally from the SIPP. I thought about asking for that, then realised it's better to pay the fees free of income tax.
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