pension lump sum top up charges

[Mkdoor]

Hi All,
Have ltd co and advisor has suddenly retired need to know what is the going rate for putting the £40k in would help if they were near me eg Bucks area.

[trickywoo]

Surely it depends on the terms of your SIPP provider.

I don’t have any charges for putting money in other than an increase in the standard monthly charges which come from a higher balance.

You can also put £60k in and carry forward unused from previous three years.

[Rufus Stone]

Mkdoor said:

Hi All,
Have ltd co and advisor has suddenly retired need to know what is the going rate for putting the £40k in would help if they were near me eg Bucks area.

What type of pension vehicle are you seeking to put the contribution in to?

[Mkdoor]

Hi Rufus,
Not a sipp me and the mrs both have what I call normal managed pension with Royal London and I do not understand why we can longer due execution only and pay them direct as do not require any advise.

[C69]

I believe that Royal London pension products are only available via a financial adviser, so there's no DIY route.

[Mkdoor]

Hi C69,
Yep just found that out and so far have been quoted 4% think I will shut my door business and become an advisor lol.

[dingg]

Mkdoor said:

Hi C69,
Yep just found that out and so far have been quoted 4% think I will shut my door business and become an advisor lol.

Just transfer the sipp to a different provider