SIPP personal pensions while employed

pablojml

Hey there.

Been doing a bit of research and I'm trying to find some information (hopefully someone here has some knowledge) about personal pensions.

I am currently employed and looking to start a pension, I've looked around and called a few brokers and checked the government sites and find the fees they charge (3.5-5% per contribution and 1% of the fund annually) is a rip off.

Is there a way to start a pension that I could personally manage and also get the benefit of company contributing to it?

Thank you

Merowig

Check if your employer would contribute to a PRSA

Davy has a Self Directed PRSA with 0.75 AMC, 0 contribution Charge + x trading charges ( depending what you buy - e.g. ~0.10% for buying certain UKI listed ETFs).
http://www.davyselect.ie/pensions/personal-retirement-savings-account-prsa.html

LA Brokers has PRSAs with 1% AMC (also zero contribution charge).
https://www.labrokers.ie/pensions/
There are cheaper options available - but only if the fund value/ contribution is over a certain level. If you start a private pension the options mentioned above are afaik the best ones.


Stay away form anything with contribution charges - in my opinion this is legalised theft.

pablojml

Hello Merowig,

Thanks for you response. I will have a look at these and verify with my employer.

Indeed I share the same thoughts -> Stay away form anything with contribution charges - in my opinion this is legalized theft.