Question
I would like to include ETFs in my pension investments what is the easiest way to gain access to this investment option?Answer
To hold exchange traded funds (ETFs) in your pension you'll need to use a scheme that allows share trading.
If you have an occupational pension chances are this is not available, although some employers are starting to use pension schemes with wider investment choice.
If you're planning to use a personal pension then there are some low cost self-invested personal pensions (SIPPs) that might suit your needs. If you're investing lump sums then Sippdeal currently tends to be cheapest when just holding shares (including ETFs) as there's no annual SIPP fee, just a £9.95 dealing fee. For regular saving both Interactive Investor and Alliance Trust Savings offer £1.50 monthly dealing, although both companies charge annual SIPP fees that may not be economic when holding just a few thousand pounds.
For further details take a look at our low cost SIPP comparison.
I would like to include ETFs in my pension investments what is the easiest way to gain access to this investment option?Answer
To hold exchange traded funds (ETFs) in your pension you'll need to use a scheme that allows share trading.
If you have an occupational pension chances are this is not available, although some employers are starting to use pension schemes with wider investment choice.
If you're planning to use a personal pension then there are some low cost self-invested personal pensions (SIPPs) that might suit your needs. If you're investing lump sums then Sippdeal currently tends to be cheapest when just holding shares (including ETFs) as there's no annual SIPP fee, just a £9.95 dealing fee. For regular saving both Interactive Investor and Alliance Trust Savings offer £1.50 monthly dealing, although both companies charge annual SIPP fees that may not be economic when holding just a few thousand pounds.
For further details take a look at our low cost SIPP comparison.
Read this Q and A at http://www.candidmoney.com/questions/question680.aspx
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