If you have any stockmarket assets in your SIPP, check you're not being ripped off with exorbitant SIPP charges with this comparison tool
Are You Paying 10 Times More Than You Need For Your SIPP?
A Sure Way To Grow Your SIPP Is To Cut Its Running Costs
According to The Telegraph, you could be paying thousands of pounds a year more than you need for stockmarket assets in your SIPP.
Simply moving your SIPP from a costly provider to a more competitive firm could leave you with considerably more money in your pension fund, without affecting your choice of stockmarket assets.
Within its article is a table comparing 17 major SIPP platforms on a like-for-like basis. It reveals the costs of running a SIPP from a fund as small as £5,000 to one of £1 million, with a variety of fund sizes in between.
The numbers are staggering.
At £1 million, your annual SIPP fee could £220. Or it could be shocking £2,699.
That’s 12 times more!
And it doesn’t end there.
Over the years, the compounding effect of paying way over the odds could wipe out a large part of your retirement fund.
Literally tens of thousands of pounds: money missing from your retirement and unavailable for those you leave behind.
In a Victor Kiam kind of moment (he who loved the Remington razor so much he bought the company), SIPP-holder Charlie Johnson discovered he could save around £50,000 by switching SIPP providers.
Charlie is now shareholder in BrokerCompare, the company that runs this Stockmarket SIPP Comparison Service.
6 SIPP Tips To Help You Save Money
How To Check You're Not Paying Over The Odds In Charges
Use this Stockmarket SIPP Comparison Service.
It could save you many thousands of pounds, which would be great for you and your family.
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