I wonder if anyone could clarify the fee structure for the SIPP?
Is the cost of the platform and ETF management charge included in the £9.99pm
Vanguard make it clear there is a 0.15% platform charge (capped at £375pm for 250,000 and over) and also a fund management charge for each ETF, for instance 0.22% for the VWRL which is ongoing and not capped. This makes a total of 0.37%. If I added more ETFs to the portfolio the cost would increase. So for example if I added VUSA at 0.07% this would increase the total to 0.44%.
I didn’t see any indication of ETF management fees? If this is the case Freetrade seem to be suggesting I could have several ETFs in my portfolio and only pay the £9.99pm. In effect I could run my SIPP for 15 years at a cost of 1798.20 ie 9.99 x 12 = 119.88 x 15 (years) = 1798.2. Surely this can’t be right??. If there are management costs for the ETFs I didn’t see these on the website. Can any one point me to where I can find them
Stamp duty and FX Fees is not included in this question.
Thanks in advance.