See how share dealing with Freetrade measures up against other providers
Hargreaves Lansdown: SIPP charges 0.45% (on funds) and 0.45% on shares (capped at £200/year).
Based on trades in the previous month, the fee per trade reduces to £8.95 per trades 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: SIPP charges £10/month (Plus a service package starting at £9.99/month,
One free trade per month, then £7.99 per trade.
FX fee reduces on a tiered scale. Trades between £25,000 - £49,999 are 1.25%, £50,000 - £99,999.99 are 1%, £100,000 - £599,999 are 0.5%, and £600,000 - £999,999.99 are 0.25%.
AJ Bell: SIPP 0.25% (on funds) and 0.25% (on shares, capped at £100/year)
Each trade in shares and ETFs is £9.95. Fee per trade reduces to £4.95 when there were 10 or more share deals in the previous month.
The FX rate is 1% for trades up to the first £10,000, 0.75% for the next £10,000, 0.5% for the next £10,000 and is 0.25% for value over £30,000.
Updated 10th September 2020
A self-invested personal pension, or a “SIPP”, is a type of investment product that helps you build your savings for retirement. Notably, a SIPP gives you much more flexibility with the investments you can select when compared to typical personal pensions.
Once you invest money into a SIPP it will be locked up until you turn 55. You can then start drawing funds, even if you haven’t stopped working. You can withdraw up to 25% of your fund as a tax-free lump sum with the remainder used to provide an income.
You can invest in a wide range of listed shares, ETFs and investment trusts with your Freetrade SIPP. We’ve got a full list of the investments available on our platform that we update regularly.
Yes. You are able to transfer old pension pots (maybe some you forgot about!) into your Freetrade SIPP.
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.
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.
We are not allowing this to start with, but hope to in the future.