Kept outside of tax wrappers (ISA is elsewhere) - my tax return is currently a manageable headache and I’d rather not make it too much worse if I can help it
I think it’s still pretty straightforward for tax reporting purposes with T212, I hold ETFs and the documents I get are sufficient for my tax return
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T212 will give you an annual report in April which shows capital growth and dividends received, even if they were within an accumulating ETF.
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Perfect - I might add to the challenge and throw some fx calcs into the mix just for fun (I don’t get out much)
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I got access to the T212 SIPP today!
Have added my beneficiaries and initiated a partial in specie transfer from my AJ Bell SIPP. The transfer process so far was very straightforward, just selecting the investment and the quantity of which I want transferred over, as well as an option to enter the cost price for gains tracking.
Will be interesting to see how long it takes, I assume in specie takes longer than cash, but no rush with everything remaining invested. T212 have quoted around 12 weeks.
I look forward to T212 rolling out employer contributions then I can move fully across provided all goes smoothly.
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I need them to add withdrawals first, though tempted to move a chunk over from the work pension.
Can the SIPP have OEIC funds, or is it limited to the same ETFs/shares etc as available on the platform for GIA / ISA?
I believe just the same investment options as in the ISAs; stocks and ETFs.
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It’s the same as the Invest and ISA accounts.
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So the question becomes: how to make a “recurring subscription” from scratch at low cost ? Assuming I don’t want to move my existing recurring subscription (if any) around.
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As in avoiding this fee? It bugs me probably more than it should that I’ve used up the limited auto-deposit allowance and that it’s not possible to just have a direct debit.
You can deposit by standing order.
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There’s a page on money saving expert with places taking low DD, SO, and card deposits.
@Arnie7 Yes I know about this thread A regularly updated list of accounts that allow direct debit and/or debit card deposits — MoneySavingExpert Forum
but
-SO wouldn’t work as the top up needs to be pulled from the T212 debit card (into the receiving bank/savings account), and not sent by SO periodically from a sending bank account (in this case the T212 emoney account) into the receiving one
-The thread doesn’t seem to list any bank/savings account which would support a recurring top up via a CPA-style pull from the T212 debit card.
Oh well I will see if I have a CPA pull on one of my cards somewhere and switch it to the T212 dc. Or give up on the 1.5% cashback.
Amazing, that worked a treat ~15mins deposit time as a test and should fire off every 1st of the month for all eternity now
Fidelity SIPP : Can deposit into either Cash Management Account or SIPP. Minimum £1
Should do the business. The cash management account is basically a savings account.
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Got my SIPP invite this morning.
Now let’s see if my workplace Aviva pension will let me do a partial transfer out once a year…
Don’t know about Aviva, but Legal & General support partial transfers, Standard Life only full transfers.
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Yeah can imagine aviva will be full only.
It’s my workplace one and the fees and investment options are not really competitive.