SIPP charges

The Freetrade SIPP costs £9.99 per month. We don’t charge a percentage account fee, so your investments can grow without your account fees growing too.

Investing in your Freetrade SIPP is commission-free*.

*Other charges, like foreign exchange (FX) fees, may apply. See our full pricing table.

When you invest your capital is at risk. Authorised and regulated by the FCA.

How much will a Freetrade SIPP cost?

Charges

SIPP account

Plus account

SIPP monthly fee £9.99 £7.00 + Plus subscription
Share dealing charges Free Free
Overseas share dealing
Foreign exchange charges
Spot rate + 0.45% Spot rate + 0.45%
Transfer in Free Free
Transfer out Free Free
Government charges that can apply to your SIPP
UK stamp duty
Paid when you buy UK stocks.
0.5% 0.5%

SIPP fees comparison with other providers

Saving for retirement is hard enough, but high costs make it even harder.

That’s why we created a SIPP with a monthly fee, rather than charging you a percentage fee that grows with your pension pot. This way you can focus on growing your retirement savings, not the fees you pay.

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 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. Please read and make sure you understand the Freetrade
SIPP Key Features Document, Terms and Conditions, Charges Schedule 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.

Open a sipp

Open SIPP

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

Transfer SIPP

Transfer SIPP

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.

SIPP charges FAQ

How do I pay for my SIPP?

You’ll only be charged for your SIPP once it is topped up. This could happen by making a payment into your SIPP (also known as a contribution) or by transferring your pension to Freetrade. 

The fee will be taken from your bank account on the day you first top up your SIPP and this date will become your monthly billing date for future payments.

Are there any fees to transfer my SIPP to Freetrade?

No, there is no transfer in fee when moving your pension from another provider to Freetrade. However, your current SIPP provider may charge, so please check with them directly.

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.

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