SIPP charges
Your self-invested personal pension (SIPP) is available as part of the Plus plan for just £11.99 per month.
With low monthly fees and commission-free investing, your retirement savings can grow without your fees growing too.
Capital at risk. Please remember tax relief depends on your personal circumstances and current rules can change. Other charges apply. See pricing table.
SIPP is a pension product designed for people who want to make their own investment decisions. You can normally only access the money from age 55 (57 from 2028). Before transferring a pension please ensure that you will not lose valuable guarantees or incur excessive transfer penalties.
How much will a Freetrade SIPP cost?
For more info, see our SIPP documents: SIPP Key Features Document, Terms and Conditions, Charges Schedule and SIPP Declarations.
SIPP fees comparison with other providers
Your SIPP is included as part our Plus plan for just £11.99 per month. With a simple and low monthly fee, your pension pot can grow without your fees growing too.
Read Comparison Disclosure
Disclaimer: Comparisons to other SIPP providers are based on our understanding of their published costs on their websites as at 10 June 2024, 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 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:
Based on the Pension Essentials plan, which allows for a maximum portfolio size of £50,000. For portfolios above £50,000, customers are automatically moved on to the Pension Builder plan, with a £12.99 monthly account fee. FX reduces to 1.25% for trades between £25,000 - £49,999, 1% for £50,000 - £99,999.99, 0.5% for £100,000 - £599,999 are 0.5%, and 0.25% for £600,000 - £999,999.99.
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 £3.50 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.
Open SIPP
Start saving for your future today. Download the app, choose the Plus plan and open your SIPP account in minutes.
Transfer SIPP
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. Some people speak to a financial advisor to help them make this decision.
SIPP charges FAQs
Your SIPP comes as part of our Plus plan for £11.99 per month. You’ll be charged on the day of the month you sign up for a plan and that same day each month after that.
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.
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.
Have questions? Email us at hello@freetrade.io or reach out via in-app chat.
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- Commission-free trades (other charges may apply. See full pricing table.)
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