An IFA has developed a new SIPP provider charges calculator that compares charges from the top SIPP providers in the UK, based on specific portfolio values.
— Sam Hodgson, Founder of SIPP Advice
LONDON, UK, December 15, 2023 /EINPresswire.com/ — SIPP Advice, a specialist financial services company, has developed a new SIPP provider charges calculator, which can be used to accurately compare SIPP charges for specific pension portfolios based on value and asset allocation.
Why is it a big deal?
It’s very difficult to compare SIPP provider charges because every provider has a different charging structure. Some charge a fixed monthly fee, some an annual percentage, some a tiered annual percentage, and some charge different amounts for equities vs funds.
Therefore depending on how much your pension is worth, and what you’re actually invested in, the cheapest option changes from individual to individual.
The new calculator tool factors in all of these variations.
Users can simply enter a SIPP value, split between funds and equities, and see side-by-side which provider will charge the most.
It doesn’t include every single SIPP on the market, but does include the big players and most popular options.
SIPP Advice launch the calculator with the aim of bringing clarity and transparency to the self-invested pension industry, which is notoriously jargon-heavy and complex for everyday consumers.
Here is the SIPP charges calculator:
https://www.sippadvice.co.uk/calculators/sipp-provider-fees-calculator/
Sam Hodgson
SIPP Advice
+44 7954 569384
[email protected]
Originally published at https://www.einpresswire.com/article/675166596/financial-adviser-develops-new-calculator-that-compares-provider-sipp-charges-side-by-side
