Allowable in a Sipp?
Discussion
IoT,
If it's the one I'm looking at, that's expensive. Those fixed costs are a hurdle that your 'pot' has to clear before you can benefit from any investment choice returns. Against a modest pot, the hurdle could well be crippling. Look on it like treading water with weights around your ankles.
Purple M has it right, take a look around.
If it's the one I'm looking at, that's expensive. Those fixed costs are a hurdle that your 'pot' has to clear before you can benefit from any investment choice returns. Against a modest pot, the hurdle could well be crippling. Look on it like treading water with weights around your ankles.
Purple M has it right, take a look around.
Because what you're suggesting comes with a far wider range of risks and consequences, I am being doubly sure that you don't assume I'm making a recommendation or commenting on the suitability of your specific course of action or the provider. But by way of information only, take a look at Boolers, Dentons, Mattioli Woods or Rowanmoor. Other providers of course, are available. Generally, the decision about how HMRC guidance is interpreted is left to the product provider.
The vast majority of pension providers are responsible and diligent but some have been rumoured to allow less than watertight transactions through, in an attempt to grow business or circumnavigate legislative intent. I'm sure that this isn't the case here but please take time to take some objective advice that you can trust, even if only to give you peace of mind that what you are trying to achieve can't be achieved elsewhere or more suitably.
The vast majority of pension providers are responsible and diligent but some have been rumoured to allow less than watertight transactions through, in an attempt to grow business or circumnavigate legislative intent. I'm sure that this isn't the case here but please take time to take some objective advice that you can trust, even if only to give you peace of mind that what you are trying to achieve can't be achieved elsewhere or more suitably.
isleofthorns said:
any recommendations?
looking for a sip that will hold an agricultural property, without heavy management fees, annual fees etc
Your problem is that most of the 'full SIPP' providers will only accept business via a regulated individual/firm. They won't establish a new SIPP direct with the public.looking for a sip that will hold an agricultural property, without heavy management fees, annual fees etc
You could try Hargreaves Lansdown or the full product with SIPPdeal.
Hornbuckle Mitchell got into a scrap a while back about some, erm, mad investments which an IFA placed into one of it's SIPPs. Service pretty bad too. New rules will see about 10% of the smaller SIPP providers dissapear so they ate going to be far more risk aware/risk averse.
That means that they are more inclined to accept new business which will have had the risk ironed out (hopefully) through diligent and appropriate advice. Having said that, some will accept business that walks in directly, but they don't like handholding or creching. They want to transact business with the groundwork already done, as much as anything, to save on cost as well as regulatory and compliancy risk.
That means that they are more inclined to accept new business which will have had the risk ironed out (hopefully) through diligent and appropriate advice. Having said that, some will accept business that walks in directly, but they don't like handholding or creching. They want to transact business with the groundwork already done, as much as anything, to save on cost as well as regulatory and compliancy risk.
Further to my last, those smaller SIPP providers fight back.
http://www.ftadviser.com/2014/10/27/pensions/sipps...
http://www.ftadviser.com/2014/10/27/pensions/sipps...
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