The Plum SIPP is just one part of the Plum platform, which helps you save more, manage your budget and invest.
The Plum SIPP is available free of subscription charges (i.e. you do not have to subscribe to Plum Plus, Plum Pro or Plum Ultra), but there are other fees to consider:
Product provider fee: 0.45% per year. This fee is charged annually, billed monthly and deducted from your SIPP investments.
Fund management fee: The manager of the funds you choose for your Plum SIPP will charge a fee for this service. Each fund may have slightly different charges, but these will usually be a percentage of the amount you have in the fund. Fund managers will automatically deduct their fees from the fund they manage.
Each fund has a Key Investor Information Document (KIID), provided by the fund manager. This will give you details of the fund, including its fees. A summary of the fees associated with each of the feeds offered by the Plum app for your SIPP can be found below:
Fund | Fee |
Retirement 2040 | 0.24% |
Retirement 2045 | 0.24% |
Retirement 2050 | 0.24% |
Retirement 2055 | 0.24% |
Retirement 2060 | 0.24% |
Retirement 2065 | 0.24% |
Future World Climate Change | 0.30% |
Global Equity | 0.21% |