AJ Bell SIPP and charges

[mylittlefidget]

I'm looking at getting an AJ Bell SIPP, but does anyone know whether I need to pay a fee every time I transfer money into it? I would look at topping it up monthly, but there seems to be a fee for buying funds- does it mean I buy a little more every time I put money into the SIPP?

There would be a transer fee if you are transferring a new pension pot into that one if its over £30,000, if you're using a financial advisor or a final salary/defined benefits pension. To contribute your own money into a SIPP it doesn't charge you to put the money in. However there will be platform and fund charges, so a percentage of your fund would be taken each month for the costs of that. Those charges are normally less than 2% of the overall fund.

Thank you! I am happy with platform and fund charges, just want to be sure there are no hidden extras. Thank you!