Because we allow our customers to choose from a panel, you can choose a SIPP provider with pricing that suits you; the EQi SIPP, provided by Gaudi, has a low flat annual fee of £118.80
We charge a fee of £17.49 per quarter for holding your assets. Because it is a flat fee, no matter how high the value of your investments climb, the custody fee remains the same
When you buy and sell investments you pay a dealing commission, this applies to all assets except fund purchases which are free; we charge a percentage-based fee called the "funds platform fee" for holding funds
Anything you pay in online dealing commissions and funds platform fees will be deducted from your custody fee. Over half of our SIPP customers fully offset their custody fee, so they only pay to trade
Fees matter as, like interest rates, costs compound over time.
If you pay out less year on year, you’ll have more to invest which can go a long way to helping you meet your long-term retirement goals.
We are committed to remaining competitive for every DIY investor and our pricing is tailored to your activity. As well as low fees, the more you trade, the more you can save. Over half of our SIPP customers fully offset their custody fees, saving £70.00 per annum.
The quarterly custody fee for your SIPP
The cost of two share trades at £10.99 each
As the dealing commission of £21.98 fully offsets the custody fee of £17.49, no custody fee is payable in this quarter
You’ll pay no dealing commission if we don’t meet best execution
Open a SIPP and you'll get a dealing account free of charge
Join us and pay no custody fee in your first two quarters
Workplace pension costs vary. Annual fund charges are capped at 0.75% for workplace pensions, however employers often negotiate a rate closer to 0.5%* (not including transaction or drawdown fees). On a pension pot of £150,000, this would be £750.00 per year.
With the same £150,000 pension pot in an EQi SIPP, you would pay a funds platform fee of £400.00 per year (fully offsetting the Custody Fee) and £118.80 in administration fees to Gaudi. This could be a saving of £231.00 per year.
And, like many of us who have had several jobs, you may be paying fees to several different pension providers. A SIPP allows you to combine many pensions into one pension pot, to avoid paying multiple fees. Consolidating pensions is not right for everyone and you should speak to a financial adviser before doing so.
A SIPP also allows you to invest in a wider range of investments than most workplace pensions so you can create a more diversified portfolio, which could have a positive impact on your investment over time.