An ISA, or Individual Savings Account, is a flexible and tax-efficient way to invest in thousands of global stocks and ETFs. Invest up to £20,000 each year, free of capital gains tax or UK dividend tax.
A SIPP, or Self-Invested Personal Pension, lets you save for your future in a tax-efficient way. Get tax relief on the first £60,000 you contribute each year. Contribute up to 100% of your annual income.
A General Investment Account, or GIA, is for investing outside tax-efficient wrappers like ISAs or SIPPs. There’s no limit to how much you can invest in your Freetrade GIA.
ISA and SIPP eligibility rules apply. US dividends received into your SIPP may be subject to US withholding tax.
A SIPP is a pension designed for you to save until your retirement and is for people who want to make their own investment decisions. You can normally only draw your pension from age 55 (57 from 2028), except in special circumstances.
At present, Freetrade only supports Uncrystallised Fund Pension Lump Sums (UFPLS) for customers who wish to withdraw funds from their SIPP after their 55th birthday. We strongly encourage you to seek financial advice before making any withdrawals from your SIPP.