The Plum SIPP is an integral part of the Plum platform, which is designed to help you save more, manage your budget, and make investments.
Using the Plum SIPP doesn't come with any subscription charges. You don't need to subscribe to Plum Pro, Plum Ultra, or Plum Premium for access. However, there are some other fees to be aware of:
Product Provider Fee: This fee amounts to 0.45% per year. It's an annual fee billed on a monthly basis, and it's deducted from your SIPP investments.
Fund Management Fee: The funds you choose for your Plum SIPP are managed by specific fund managers, each of whom charges a fee for their service. These fees can vary slightly from one fund to another, but they are typically a percentage of the total amount you have invested in the fund. Fund managers automatically deduct their fees from the funds they manage.
Each fund has a Key Investor Information Document (KIID) provided by the fund manager. This document provides comprehensive information about the fund, including its associated fees. You can find a summary of the fees linked to each of the funds available through the Plum app for your SIPP below.
Future World Climate Change