Pensions firm Harsant has launched a new Self Invested Personal Pension (Sipp) targeted at young aspiring investors.
Harsant says its new Starter Sipp is designed for young entrepreneurs, successful business people and retiring individuals with smaller funds, wishing to take drawdown.
Harsant says its Starter Sipp offers competitive start-up costs and annual fees, at £350 for members joining up, including all transfers and the establishment of a deed.
An annual charge of £250 is available for funds with a 0% value, up to £25,000, while funds exceeding that amount up to £60,000 and 1% of a fund, incur an annual charge of £350.
Any fund total above that reaches into Harsant’s premier Sipp, incurring a flat annual fee of £650.
Clients are also able to choose their own investment manager, with one stipulation that only one manager be appointed. Harsant has formed partnerships with investment managers, Midas Capital Partners and Tilney Investment Management.
Investment opportunities within the Starter Sipp include:
The Wirral based firm says that while there are many online Sipps providing competitive prices, Harsant provides a professional and personal service across its range of products.
Christine Brown, director at Harsant, says: “Over the next five years, it is anticipated that more than two million people with be grabbing the opportunity to invest in Sipps. We are excited about the new Starter Sipp which has been tailored to meet the demands of a growing market of would-be investors.”
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