Barclays Direct Investing: sourced SIPP charges

The verdict at a glance

Official costs: £0 Barclays customer fee; SIPP administration £125 + VAT a year; flexi-access drawdown £100 + VAT a year plus £75 + VAT set-up, paid to AJ Bell.

Fees at a glance

• Platform fees: £0 customer fee; SIPP administration £125 + VAT a year (£150); flexi-access drawdown £100 + VAT a year (£120) plus £75 + VAT set-up
• Fund charges apply on top (typically 0.10%–0.50% for trackers)

Published charges

Barclays Direct Investing (formerly Smart Investor) publishes no customer platform fee. The SIPP is administered by AJ Bell, which publishes the administration and drawdown extras on the official costs page.

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