Open SIPP account

Tax-efficient pension savings that you fully control. All for a subscription fee of £9.99/month*.

Start making your own investment decisions.
Open a Self-Invested Personal Pension (SIPP) to transfer and combine your old pensions.

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

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Join the thousands of people with a Freetrade SIPP

Open a sipp

Open SIPP

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

Transfer SIPP

Transfer pension

Put all of your pensions in one place.
Head to the app, 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. Some people speak to a financial advisor to help them make this decision.

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 year
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. You’ll either pay £9.99/month or receive a 30% discount 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 account fees and charges

Transparent fee structure for your tax-efficient self-invested personal pension; pay a subscription fee of £9.99/month,
or £7/month if you are a Freetrade Plus member.

Disclaimer: Comparisons to other SIPP providers are based on our understanding of their published costs on their websites as at 08 January 2021, 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 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 Investor Plan account for ease of comparison, where you get one free trade per month, then £7.99 per trade.

  • SIPP account charges £10/month, on top of the Investor Plan fee (£9.99/month).

  • 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 1.00%, £10,001 - £20,000 is 0.75%, £20,001 - £30,000 is 0.50% and 0.25% for over £30,000.

  • 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.
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.
Once ready to start, download the app and follow the three steps below.

Step 1:

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

Step 2:

Next, tap on 'Open a pension (SIPP)’'

Step 3:

Read SIPP documents before following the steps on-screen.

You’ll be sorted in no time. Once your SIPP account is opened, you can transfer your pension, or fund your account and start investing. 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 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.

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.

REIT stocks

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.

Learn more about SIPP pensions

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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?

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 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 GIA, General Investment Account directly into your Freetrade SIPP.

Can I cancel or close my Freetrade SIPP?

You can only cancel or close a Freetrade SIPP (or any SIPP for that matter) 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). You can still transfer your Freetrade SIPP to another provider at any point if you’d like to. 

To cancel your Freetrade SIPP, you should let us know through the in-app chat on the Freetrade app within the 30 day cancellation period. When you cancel within the first 30 days we will refund any SIPP fees taken. 

For more information take a look at the key features of the Freetrade SIPP.

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.

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