The Vanguard fee will be £4 per month if your account is worth less than £32K
£375 is the highest annual fee charged by Vanguard, it is not in addition to the monthly £4 free.
Once your account reaches £32K your fee will be 0.15% per year.
The Vanguard fee will be £4 per month if your account is worth less than £32K
£375 is the highest annual fee charged by Vanguard, it is not in addition to the monthly £4 free.
Once your account reaches £32K your fee will be 0.15% per year.
Brilliant, thanks for your response Sisaket
But am I correct in thinking that the 0.15% platform fee with Vanguard would be Free with invest engine?
Yes, that is correct. The only fee you would be paying at IE would be the actual ETF fee.
@ShaneGB85
Morning
,
As you can see from all the post s about Employer Contributions - there is no committed timeline confirmed as to when employer contributions are actually possible.
Therefore … I think you need to act on the basis of this available information and open a SIPP with whoever is already offering the option of employer contributions.
This will also eliminate the need for your daily checks. As this is quite a big subject, together with the general transfer facility, I think you can expect that IE is going to make a public announcement about it when this option comes online.
Once this option is available you can then still decide to transfer your account.
I am waiting for this as well. Been told Trading 212 is on it as well - if they come up with employer’s contribution option, I am sure loads will go for them. My partner is here, and ideally, we would be on the same platform which should have both ISA and SIPP.
Morning
The latest update I can find about the TRading212 SIPP is this
Sooooo for now it looks like Christmas this year might be the start of Trading212 SIPP.
Who knows?
Thanks @Pinch ! Made first SIPP contribution on IE. Do you know 1) where and 2) when HMRC top-up shows up in the account?
Morning
,
This is what IE advises about tax relief… - the last sentence states “6-11 weeks” - these are calendar weeks.
It should show up in the same account which you have your contribution going into.
My money goes directly into the SIPP (and not into the Cash part of the SIPP) therefore the tax relief also gets credited into the SIPP (and not into the Cash part).
Other platforms I have SIPP’s with have advised the following with regards to tax relief:
For instance right now this would mean (as a general guide to timeline) for my other accounts:
Pay in by: 04/04/2025 (Friday)
Reported to HMRC: 05/04/2025 (this is a Saturday so it may be reported to HMRC only on Monday 07/04 but I wouldn’t count on it).
Tax Relief credited into account: around 25/05 - as this is a weekend the money may be back in the account on the Friday before the weekend (23/05) - this counts out to around 7 calendar weeks.
@Pinch , thank you. I manually transferred to my SIPP account on IE (which has some reference) and it is set to auto-invest. I assume I am putting funds like you and not into the cash part. Right? Apologies for the newbie questions.
Sounds like it - but you could also contact IE CS asking them to advise.
I prefer not to have to transfer the money manually each time - hence I set up my standing order in such way that the money goes directly into the SIPP (and not into the Cash part).
Hi, just give us a shout at support@investengine.com, and we’ll check out your SIPP portfolio and guide you from there.
@Pinch absolutely nailed this ongoing and now a boring thread…just wait until IE emails you when/if Employer SiPP Contributions are possible. It’s not rocket science.