Join the thousands of people with a Freetrade SIPP
Start saving for your future today. Download the app, choose the Plus plan and open your SIPP account in minutes.
Head to the app, choose the Plus plan, open a SIPP account and click ‘Transfer a pension’.
Before transferring your pension to Freetrade, make sure it is the right action for you to take. Please ensure that you will not lose valuable guarantees or incur excessive transfer penalties. Some people speak to a financial advisor to help them make this decision.
Why choose a self-invested personal pension?
Contribute up to 100% of your salary and receive tax relief on contributions up to £40,000 per tax
Decide exactly how your pension is invested, choosing products that reflect your outlook on our changing world
Gather multiple pensions in one accessible and low-cost account
Monitor performance and make decisions at the click of a button
And much, much more.
Receive HMRC tax relief with our SIPP
For your pension contributions, we'll claim the 'Basic Rate' tax relief from HMRC on your behalf and deposit it in your Freetrade SIPP account automatically. It normally takes around 6-11 weeks from the contribution to the tax relief appearing in your account. The HMRC tax relief depends on your eligibility. You can read more about tax relief here.
Why open a SIPP account with Freetrade?
SIPP account fees and charges
Your SIPP is included as part of the Plus plan for just £9.99 per month. With a simple and low monthly fee, your pension pot can grow without your fees growing too.
Buying or selling shares
Read comparison disclosure
Buying or selling shares
Disclaimer: Comparisons to other SIPP providers are based on our understanding of their published costs on their websites as at 5 July 2022, for trading shares and ETFs within a SIPP account. They are shown for illustrative purposes only. For confirmation of their up to date charges and product information, you should visit their websites.
Before initiating a pension transfer make sure that you believe, with the help of a financial adviser if required, that this is the right action for you to take. This requires you to read and understand the Freetrade SIPP Key Features Document, Terms and Conditions, SIPP Charges and SIPP Declarations.
Comparison Disclosure ⓘ
SIPP account charges are 0.45% of the value of shares in your account, capped at £200/year.
Fee per trade reduces to £8.95 per trade for 10-19 trades, and £5.95 for 20 or more trades.
FX fee reduces to 0.75% after £5,000 value of trades, 0.5% for the next £10,000 and to 0.25% for over £20,000 value of trades.
We compared to the Pension Builder Plan account for ease of comparison, where you get one free trade per month, then £7.99 per trade.
FX fee reduces on a tiered scale, based on transaction value: £25,000 - £49,999 is 1.25%, £50,000 - £99,999.99 is 1%, £100,000 - £599,999 is 0.5%, and £600,000 - £999,999.99 is 0.25%.
SIPP account charges 0.25% of the value of the shares in your account, capped at £10/ month.
Fee per trade reduced to £4.95 when there were ten or more share deals in the previous month.
FX fee reduces on a tiered scale, based on transaction value: for the first £10,000 is 0.75%, £10,001 - £20,000 is 0.50%, and 0.25% for over £20,000.
Transfer out charges. No charge for transfers out in cash to another UK registered pension scheme. £9.95 per holding (excluding VAT) for in specie transfers to another UK registered pension scheme.
What can I invest in?
See which are the most traded shares by the total value of buy orders over the past week on the Freetrade app.
US and UK stocks
Invest in thousands of NYSE, NASDAQ and London Stock Exchange-listed companies across many sectors such as tech, energy, consumer staples or healthcare.
Choose from a wide range of exchange-traded funds covering index funds, stock and bond ETFs from providers like Vanguard, iShares and Invesco, as well as HSBC and Xtrackers.
Diversify your investments with REITs, which allow you to add residential or commercial real estate assets to your portfolio without the hassle of buying and managing the properties yourself.
Choose from over 150 investment trusts to diversify your portfolio across a wide range of sectors, geographical areas and markets worldwide.
SIPP Frequently Asked Questions
What does a SIPP stand for?
A SIPP is a self-invested personal pension. It's a pension pot you build yourself to live off in retirement. Unlike other types of personal pension, a SIPP gives you much more flexibility when it comes to what you can invest in.
To find out more about SIPPs and how they can help you save for retirement, check out our SIPPs explained jargon-free guide.
What type of pension can I transfer?
You can transfer the below types of pensions to a Freetrade 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.
What can I invest in with Freetrade?
Your SIPP is included as part of the Plus plan, which gives you access to everything Freetrade has to offer. Invest in the full range of 6,000 stocks and ETFs, use limit orders and stop losses to stay in control of your trading and earn 3% interest on uninvested cash up to £4,000. Your Plus plan also includes a tax-efficient stocks and shares ISA.
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 to my Freetrade SIPP?
Currently, we are not allowing for SIPP employer contributions 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.
Can I move cash from other Freetrade accounts to my Freetrade SIPP?
How can I close or cancel my Plus plan?
To close your Plus plan or downgrade to a Standard plan, you’ll have to transfer your SIPP to another provider first. This is because SIPPs are a bit different to other investment accounts and operate under slightly different rules.
You can only cancel or close a SIPP within the first 30 days of opening it. After this point your SIPP cannot be closed and the pot of money you’ve built up will be preserved until you reach the age at which you’re allowed to access your pension (currently 55).
To cancel within the first 30 days of opening your Plus plan, let us know through the in-app chat within the 30 day cancellation period. When you cancel within the first 30 days we will refund any account fees taken.
For more information take a look at SIPP key features.
What is the difference between a personal pension and a SIPP pension?
The first thing to know is that a SIPP or self-invested personal pension, is a type of personal pension. They are both pension pots that you build yourself.
The key thing to know about a SIPP is that it tends to offer investors a wider choice of investment options. Other types of personal pensions such as personal and stakeholder pensions, tend to have restricted invested options.
For more details on how pensions work in the UK, check our guide on what pensions are.
Have questions? Email us at firstname.lastname@example.org or reach out via in-app chat.
Learn more about SIPPs
Get a Freetrade SIPP on
our Plus plan
- Commission-free trades (other charges apply. See full pricing table here.)
- Fractional US Shares
- Access to more than 1,500 stocks, including the most popular shares and ETFs
- Full range of over 6,000 US, UK and EU stocks and ETfs
- Limit orders & stop losses
- Analyst ratings
- 1% on uninvested cash, up to a maximum of £2,000
- 3% on uninvested cash, up to a maximum of £4,000
- Priority customer service
- Recurring orders beta
- Freetrade Web beta