Disclaimer: Comparisons to other 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, Charges Schedule and SIPP Declarations.
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:
For ease of comparison, we compared to the Investor Plan, 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.
Find out how much you could save with an account on Freetrade in a few easy steps.
Hargreaves Lansdown:
Monthly fees: ISA charges 0.45% a year on the value of shares in your account, capped at £45/year. SIPP charges 0.45% a year of the value of shares in your account, capped at £200/year.
Trading commission: We considered shared dealing charges based on the average number of trades done monthly within a year. Up to 9 deals per month £11.95/ trade, between 10 and 19 deals per month £8.95/ trade and £5.95/ trade for 20 or more deals per month.
FX fees: Depending the value of the trade, FX charges are as follows: first £5,000 - 1.00%, next £5,000 - 0.75%, next £10,000 - 0.50% and over £20,000 - 0.25%.
AJ Bell:
Monthly fees: ISA charges 0.25% of the value of the shares in your account, capped at £3.5/month. SIPP charges 0.25% of the value of the shares in your account, capped at £10/month. No charge for cash transfers out of an ISA or SIPP to another UK provider. Transferring out the underlying assets to another provider is £9.95 per holding.
Trading commission: We considered shared dealing charges based on the average number of trades done monthly within a year. Up to 9 deals per month £9.95/ trade and £4.95/ trade for 10 or more deals per month.
FX fees: Depending the value of the trade, FX charges are as follows: first £10,000 - 1.00%, next £10,000 - 0.75%, next £10,000 - 0.50% and over £30,000 - 0.25%.
Interactive Investor:
Monthly fees: We considered all the charges based on their 'Investor account', which is £9.99/ month. SIPP is £10 a month (inc VAT), payable monthly in addition to your service plan.
Trading commission: One free trade per month, then £7.99 per trade.
FX fees: Depending the value of the trade, FX charges are as follows: £0 - £24,999.99 - 1.50%, £25,000 - £49,999.99 - 1.25%, £50,000 - £99,999.99 - 1%, £100,000 - £599,999.99 - 0.50% and £600,000 or more - 0.25%.
Remember if you select Plus, you get an ISA included in the costs.
This helps us to calculate your annual fees on other platforms that charge a percentage of total assets.
We separate UK and US share deals to be able to better estimate fees.
We will use this number to estimate how much you could spend on foreign exchange fees.
We never charge commission fees, but we’ll use this to calculate your FX costs.
This will help us to estimate the platform fees you could spend over your chosen investment horizon.
Basic Orders are buy or sell orders that you place outside of stock market opening hours. We send them for execution the following day from the Cut-Off time. This Cut-Off time will be shown in our mobile application, on the order review screen. Basic orders may be sent for execution some time after the Cut-Off Time. Basic Orders are commission-free.
Instant Orders are buy or sell market orders that we execute at the time you place the order, as long as you place them during stock market opening hours. Instant Orders are commission-free.
Commission-free means that we are not charging a fee for any buy or sell orders. That applies to all assets that you can buy on Freetrade. However, you may still incur charges when using Freetrade: 0.45% FX fee when trading in foreign markets and account subscription fees when you use an ISA, SIPP, or Plus account.
Stamp Duty Reserve Tax (SDRT) is a tax the UK government applies to the purchase of certain assets, including stocks. You'll pay 0.5% stamp duty of the value of the purchase (but not the sale) of UK stocks. But you won’t pay it on UK-listed ETFs, stocks listed on the AIM or US exchanges and other non-UK assets.
You can currently transfer in a stocks and shares ISA, a cash ISA or an innovative finance ISA. We don’t charge any fees for transferring over from another provider. If the stocks in your existing ISA are in our universe, you can transfer them without selling. If not, you’ll need to sell them for cash. Then that cash can move over too in the same transfer. You can read more about how transfers work on our ISA transfer page.
There are no exit fees for closing your Freetrade ISA. We don't currently offer stocks transfers out, we offer cash transfers.
We answer more questions on transfers on our dedicated ISA transfer page.
