Take control of
your pensions

Open a Freetrade Self-Invested Personal Pension (SIPP) and combine your old pensions in one place.

Follow these steps after you’ve downloaded the app and completed account setup.

Enjoy tax-efficient pension savings that you fully control. Open a Freetrade SIPP and pay a subscription fee of £9.99/month*.

When you invest, your capital is at risk. Pension and tax rules apply. Other charges may apply. See our full pricing table. *£7/month with Plus membership.

Follow these steps after you’ve downloaded the app and completed account setup.

Enjoy tax-efficient pension savings that you fully control. Open a Freetrade SIPP and pay a subscription fee of £9.99/month*.

When you invest, your capital is at risk. Pension and tax rules apply. Other charges may apply. See our full pricing table. *£7/month with Plus membership.

How to transfer your old pensions

Why open a SIPP account with Freetrade?

Monthly fee - We're building a low-cost SIPP. You’ll either pay a £9.99/month subscription or a £7/month subscription if you’re a Plus member.
Commission-free dealing - Investing should be free, and we’re committed to providing this to our customers, forever.
FSCS protected - Customers' accounts are covered by the provisions of the Financial Services Compensation Scheme (FSCS) up to a maximum of £85,000. Read more about how we’re keeping your money safe.
Vast stock universe - You can choose from thousands of UK and US stocks and ETFs and we’re constantly adding more - see our full stock list.
Fractional shares - You can invest from £2 and own a piece of even the most expensive US stocks, helping you build a diversified portfolio.
Award-winning app - Manage your portfolio from anywhere via our beautiful iOS and Android apps.
Instant trades - Unlimited commission-free instant trades during stock market opening hours.
Support - Fast, friendly customer support when you need it.

SIPP Frequently Asked Questions

What is a SIPP?

A self-invested personal pension, or a “SIPP”, is a type of investment product that helps you build your savings for retirement. Notably, a SIPP gives you much more flexibility with the investments you can select when compared to typical personal pensions.

Once you invest money into a SIPP it will be locked up until you turn 55. You can then start drawing funds, even if you haven’t stopped working. You can withdraw up to 25% of your fund as a tax-free lump sum with the remainder used to provide an income.

For a full overview on self invested personal pensions you can check our 'What is a SIPP' guide.

What can I invest in with Freetrade?

You can invest in a wide range of investment assets, from listed shares to ETFs and trusts with your Freetrade SIPP account. We’ve got a full list of stocks and shares available on our platform that we update regularly.

Can I transfer old pension pots into a Freetrade SIPP?

Yes. You are able to transfer old pension pots (maybe some you forgot about!) into your Freetrade SIPP.

How much can I contribute each year?

Contributions are capped at 100% of your annual income. You’re also able to claim tax relief on the first £40,000 you contribute each year.

Do transfers count towards my contributions?

No, transfers don’t use up your annual allowance. You should be aware, though, that some providers may charge exit fees or other surcharges in order to transfer - check all SIPP charges.

Can my employer contribute?

We are not allowing this to start with, but hope to in the future.

Will the HMRC 25% tax relief be added to my Freetrade SIPP account if I make a contribution?

We claim the 'Basic Rate' tax relief on behalf of the customer and deposit it in their Freetrade SIPP account for them automatically. It normally takes around 6-11 weeks from the top-up to the money entering their account.

What type of pension can I transfer?

You can transfer the below types of pensions to a Freetrade SIPP:

- SIPP
- Individual Personal Pension (IPP)
- Stakeholder Pension Plan (SHP)
- Free Standing Additional Voluntary Contributions (FSAVC)
- Contract-Based Workplace Pension Plan*
- Trust-Based Workplace Pension Plan*
- Subject to current plan rules. Some workplace pension plans cannot be transferred whilst still active.

Currently, we are unable to accept Final Salary Personal Pension, Defined Benefit Pension Plan or any pensions that contain Safeguarded Benefits including Protected Tax-Free Cash (PTFC), Protected Retirement Ages (PRA), Guaranteed Annuity Rates (GARs) or Guaranteed Minimum Pensions (GMP).

There is no limit on how many pensions someone can have (e.g. NHS pension and a Freetrade SIPP), but clients should be aware of their own circumstances. Check more details on how to transfer your pension to Freetrade.

Can I move cash from other Freetrade accounts to my Freetrade SIPP?

Yes, you are able to move cash from your stocks and shares ISA or GIA, General Investment Account directly into your Freetrade SIPP.

Have questions? Email us at hello@freetrade.io or reach out via in-app chat.

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