Join the thousands of people with a Freetrade SIPP

Open a sipp

Open SIPP

Start saving for your future today. Download the app, choose the Plus plan and open your SIPP account in minutes.

Transfer SIPP

Transfer pension

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.

Top rated SIPP provider

The Freetrade SIPP pension account was voted the best low-cost SIPP platform by the Investors' Chronicle.

We received the highest rating for website and app accessibility, value for money and customer service.

Why choose a self-invested personal pension?

Tax benefits and annual contributions
Contribute up to 100% of your salary and receive tax relief on contributions up to £40,000 per tax
Take control
Decide exactly how your pension is invested, choosing products that reflect your outlook on our changing world
Consolidate your pensions
Gather multiple pensions in one accessible and low-cost account
Easy to use SIPP platform
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?

Low fee - We’re building a low-cost SIPP. Your SIPP is included in the Plus plan for just £9.99 per month.
Commission-free dealing - Investing should be free, and we’re committed to providing this to our customers, forever.
Your pensions in one place - With our tracing service, combining old pensions makes it easier to keep track of investment performance and charges. 
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 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.

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 ⓘ

Hargreaves Lansdown:

  • 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.

Interactive Investor:

  • 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%.

AJ Bell:

  • 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.

While you’re on the waitlist, why not download the app and start investing today?

How to set up a Freetrade SIPP account

It only takes a couple of minutes to set up a SIPP account with Freetrade. Start by downloading the Freetrade app, then follow the steps below.

Step 1:

Tap on the profile icon at the top right of your screen.

Step 2:

Upgrade to the Plus plan.

Step 3:

Then follow the in-app steps to open a SIPP.

You’ll be sorted in no time. Once your SIPP is open, you can start investing straight away or transfer old pensions. Before starting a pension transfer, make sure it’s the right action for you to take. Some people speak to a financial advisor to help them make this decision.

 For more info, see our SIPP Key Features Document, Terms and Conditions, SIPP Charges and SIPP Declarations.

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, UK and European stocks

Invest in thousands of companies listed on the LSE, NYSE, NASDAQ and across Europe.

ETFs

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.

REITs

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.

Investment trusts

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:

  • 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?

Yes, you are able to move cash from your stocks and shares ISA or general investment account (GIA) directly into your 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 hello@freetrade.io or reach out via in-app chat.

Learn more about SIPPs

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February 10, 2022
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June 21, 2022
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April 5, 2022

Get a Freetrade SIPP on
our Plus plan

£0.00/mo

Accounts

GIA pink
General investment account

Benefits

  • 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
£4.99/mo

Accounts

GIA white
General investment account
ISA
Stocks and shares ISA

Benefits
Everything in Basic, plus:

  • Full range of over 6,000 US, UK and EU stocks and ETfs
  • Automated order types
  • Advanced stock fundamentals
  • 1% on uninvested cash, up to a maximum of £2,000
NEW
£9.99/mo

Accounts

GIA white
General investment account
ISA
Stocks and shares ISA
SIPP white
Self-invested personal pension (SIPP)

Benefits
Everything in Standard, plus:

  • 3% on uninvested cash, up to a maximum of £4,000
  • Priority customer service
  • Freetrade Web beta

Download the app to start investing now



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