Self-invested personal pension (SIPP)
Take control with a free SIPP
Take control of your retirement pots with a self-invested personal pension (SIPP). Now available on all plans.
Capital at risk.
The value of your investments can go down as well as up and you may get back less than you invest. SIPP eligibility rules apply. Tax treatment depends on your personal circumstances and current rules may change.
A new home for your pensions
- Cost savings: by combining multiple pensions into one accessible, low-cost account you could save on fees and charges.
- Visibility and control: Decide exactly how your pension is invested, choosing products that reflect your outlook on our changing world. Monitor performance and make decisions at the click of a button.
- Tax relief: contributions into your SIPP benefit from between 20% and 45% tax relief depending on your taxpayer rate.
A SIPP is a pension designed for you to save until your retirement and is for people who want to make their own investment decisions. You can normally only draw your pension from age 55 (57 from 2028), except in special circumstances.
At present, Freetrade only supports Uncrystallised Fund Pension Lump Sums (UFPLS) for customers who wish to withdraw funds from their SIPP after their 55th birthday. Each UFPLS withdrawal costs £240. We strongly encourage you to seek financial advice before making any withdrawals from your SIPP.
Pensions that are transferred to the Freetrade SIPP may lose the protected pension age benefit. This means that you will not be able to draw the monies from the Freetrade SIPP until you are aged 57. Please ensure you know what this means for you and the effect it may have on you and your savings. Check before you transfer a pension to us that we can accept your investments, you won’t lose any guarantees, and that you know what charges you may incur. Seek advice if you are unsure about making a transfer.
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Join the thousands of people with a Freetrade SIPP
Receive HMRC tax relief
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.
Reasons to open a Freetrade SIPP
01
No account fee
SIPPs are included with all our plans, including the free Basic plan, compare plan benefits here.
02
Commission-free dealing
Unlimited free trades and low FX fees, so your money goes further. Other charges may apply.
03
Award-winning app and SIPP
Manage your portfolio from anywhere via our beautiful iOS and Android apps and web platform.
04
7,600+ investment choices
Choose from global stocks, funds, ETFs, trusts, bonds, UK Treasury bills, and more.
05
Support
Fast, friendly customer support when you need it. Plus plan customers also get access to priority customer support.
06
Automated tools
Set up automated investments, Direct Debits, limit orders, stop losses, and more. Regular investing made simple.
For more info, see our SIPP Key Features Document, Terms and Conditions, SIPP Charges and SIPP Declarations. See our full pricing table here.
Withdrawing money from your Freetrade pension
Cash that you put in your pension is intended for retirement. You will not be able to access money that you invest in your Freetrade pension until you’re 55 (rising to 57 in 2028), except in special circumstances, such as serious illness.
At present, Freetrade only offers a form of withdrawal called an “uncrystallised funds pension lump sum”, or UFPLS. UFPLS lets you take flexible lump sums from your pension, without using drawdown or buying an annuity. Each UFPLS withdrawal from your Freetrade SIPP costs £240.
If you’re considering withdrawing money from your pension in the next few years, it’s important that you speak to a suitably qualified financial adviser to understand your options.
At present, Freetrade only offers a form of withdrawal called an “uncrystallised funds pension lump sum”, or UFPLS. UFPLS lets you take flexible lump sums from your pension, without using drawdown or buying an annuity. Each UFPLS withdrawal from your Freetrade SIPP costs £240.
If you’re considering withdrawing money from your pension in the next few years, it’s important that you speak to a suitably qualified financial adviser to understand your options.
SIPP fees and charges
A personal pension (SIPP) is included in all Freetrade plans. Your pension pot can grow without your fees growing too.
Scenario: You have £10,000 invested in a Self-Invested Personal Pension (SIPP) and make two trades per month. One trade is a UK stock worth £250, and the other a US stock worth £250.
Portfolio value
Subscription fee
Cost of UK trade
Commission
Cost of US trade
Commission
Cost of US trade
FX
Total annual cost
£10,000
£0
£0
dealing commission
£0
dealing commission
£29.70
£29.70
£10,000
£45.93
£83.40
dealing commission
£83.40
dealing commission
£29.70
£242.43
£10,000
£71.88
£47.88
dealing commission
£47.88
dealing commission
£22.50
£190.14
£10,000
£32.90
£60.00
dealing commission
£60.00
dealing commission
£22.50
£175.40
Comparison disclosure
Costs are based on those published costs on the other providers’ websites as of 24 March 2026. They are shown for illustrative purposes only. For confirmation of their up-to-date charges and product information, you should visit their websites.
Calculations exclude interest on customer cash and do not include investment growth or tax relief. Annual percentage based charges and monthly fixed account fees are applied after UK and US trading fees and FX fees.
Freetrade: There are no commission charges per trade and no subscription fee on the Basic plan, which gives you access to a Stocks and Shares ISA, Self-Invested Personal Pension (SIPP), and General Investment Account (GIA). FX fees are 0.99% on Basic, reduced to 0.59% on Standard and 0.39% on Plus.
Hargreaves Lansdown: Subscription fee is based on the annual 0.35% charge on the value of shares held in a SIPP. This is capped at £12.50/mo. Fee per trade reduces, depending on the number of trades executed in the previous month, from £6.95 for up to 19 trades to £3.95 for 20 or more trades. The FX rate is tiered by transaction value: 0.99% for the first £10,000, 0.50% for £10,001–£24,999.99, and 0.20% for £25,000 or more.
Interactive Investor: Subscription fee is based on the Core plan at £5.99/mo, which allows for a maximum portfolio size of £100,000. For portfolios above this, customers are switched to the Plus plan, which costs £14.99/mo. The FX rate varies by plan: 0.75% on Core, 0.75% on the first £50,000 and 0.25% for over £50,000 on the Plus plan, 0.25% on the Premium plan.
AJ Bell: Subscription fee is based on the annual 0.25% charge on the value of shares held in a SIPP. This is capped at £10.00/mo. Fee per trade reduces, depending on the number of trades executed in the previous month, from £5.00 for up to 9 trades to £3.50 for 10 or more trades. The FX rate is tiered by transaction value: 0.75% for up to £10,000, 0.50% for £10,001–£20,000, and 0.25% for above £20,000.
Scenario: You have £50,000 invested in a Self-Invested Personal Pension (SIPP) and make four trades per month. Two UK stock trades worth £250 each, and two US stock trades worth £250 each.
Portfolio value
Subscription fee
Cost of UK trade
Commission
Cost of US trade
Commission
Cost of US trade
FX
Total annual cost
£50,000
£0
£0
dealing commission
£0
dealing commission
£59.40
£59.40
£50,000
£150.00
£166.80
dealing commission
£166.80
dealing commission
£59.40
£543.00
£50,000
£71.88
£95.76
dealing commission
£95.76
dealing commission
£45.00
£308.40
£50,000
£120.00
£120.00
dealing commission
£120.00
dealing commission
£45.00
£405.00
Comparison disclosure
Costs are based on those published costs on the other providers’ websites as of 24 March 2026. They are shown for illustrative purposes only. For confirmation of their up-to-date charges and product information, you should visit their websites.
Calculations exclude interest on customer cash and do not include investment growth or tax relief. Annual percentage based charges and monthly fixed account fees are applied after UK and US trading fees and FX fees.
Freetrade: There are no commission charges per trade and no subscription fee on the Basic plan, which gives you access to a Stocks and Shares ISA, Self-Invested Personal Pension (SIPP), and General Investment Account (GIA). FX fees are 0.99% on Basic, reduced to 0.59% on Standard and 0.39% on Plus.
Hargreaves Lansdown: There is a 0.35% charge on the value of shares held in the share dealing account, ISA and SIPP, capped at £12.50/mo for the all three accounts. Fee per trade reduces, depending on the number of trades executed in the previous month, from £6.95 for up to 19 trades to £3.95 for 20 or more trades. The FX rate is tiered by transaction value: 0.99% for the first £10,000, 0.50% for £10,001–£24,999.99, and 0.20% for £25,000 or more. The illustration assumes £6.95 trade per fee and 0.99% FX fee.
Interactive Investor: Subscription fee is based on the Core plan at £5.99/mo, which allows for a maximum portfolio size of £100,000. For portfolios above this, customers are switched to the Plus plan, which costs £14.99/mo. ii platform fees are charged per customer and have been allocated to GIA for modelling. The FX rate varies by plan: 0.75% on Core, 0.75% on the first £50,000 and 0.25% for over £50,000 on the Plus plan, 0.25% on the Premium plan.
AJ Bell: Subscription fee is based on the annual 0.25% charge on the value of shares held in a SIPP. This is capped at £10.00/mo. Fee per trade reduces, depending on the number of trades executed in the previous month, from £5.00 for up to 9 trades to £3.50 for 10 or more trades. The FX rate is tiered by transaction value: 0.75% for up to £10,000, 0.50% for £10,001–£20,000, and 0.25% for above £20,000.
Scenario: You have £100,000 invested in a Self-Invested Personal Pension (SIPP) and make six trades per month. Three UK stock trades worth £250 each, and three US stock trades worth £250 each.
Portfolio value
Subscription fee
Cost of UK trade
Commission
Cost of US trade
Commission
Cost of US trade
FX
Total annual cost
£100,000
£0
£0
dealing commission
£0
dealing commission
£89.10
£89.10
£100,000
£150.00
£250.20
dealing commission
£250.20
dealing commission
£89.10
£739.50
£100,000
£179.88
£95.76
dealing commission
£143.64
dealing commission
£67.50
£486.78
£100,000
£120.00
£180.00
dealing commission
£180.00
dealing commission
£67.50
£547.50
Comparison disclosure
Costs are based on those published costs on the other providers’ websites as of 24 March 2026. They are shown for illustrative purposes only. For confirmation of their up-to-date charges and product information, you should visit their websites.
Calculations exclude interest on customer cash and do not include investment growth or tax relief. Annual percentage based charges and monthly fixed account fees are applied after UK and US trading fees and FX fees.
Freetrade: There are no commission charges per trade and no subscription fee on the Basic plan, which gives you access to a Stocks and Shares ISA, Self-Invested Personal Pension (SIPP), and General Investment Account (GIA). FX fees are 0.99% on Basic, reduced to 0.59% on Standard and 0.39% on Plus.
Hargreaves Lansdown: Subscription fee is based on the annual 0.35% charge on the value of shares held in a SIPP. This is capped at £12.50/mo. Fee per trade reduces, depending on the number of trades executed in the previous month, from £6.95 for up to 19 trades to £3.95 for 20 or more trades. The FX rate is tiered by transaction value: 0.99% for the first £10,000, 0.50% for £10,001–£24,999.99, and 0.20% for £25,000 or more.
Interactive Investor: Subscription fee is based on the Plus plan at £14.99 per month, as the portfolio exceeds £100,000 after the first monthly contribution. The Plus plan includes one free trade credit per month, worth £3.99, which has been applied to UK trading in this calculation. The FX rate varies by plan: 0.75% on Core, 0.75% on the first £50,000 and 0.25% for over £50,000 on the Plus plan, 0.25% on the Premium plan.
AJ Bell: Subscription fee is based on the annual 0.25% charge on the value of shares held in a SIPP. This is capped at £10.00/mo. Fee per trade reduces, depending on the number of trades executed in the previous month, from £5.00 for up to 9 trades to £3.50 for 10 or more trades. The FX rate is tiered by transaction value: 0.75% for up to £10,000, 0.50% for £10,001–£20,000, and 0.25% for above £20,000.
Scenario: You have £250,000 invested in a Self-Invested Personal Pension (SIPP) and make eight trades per month. Four UK stock trades worth £250 each, and four US stock trades worth £250 each.
Portfolio value
Subscription fee
Cost of UK trade
Commission
Cost of US trade
Commission
Cost of US trade
FX
Total annual cost
£250,000
£0
£0
dealing commission
£0
dealing commission
£118.80
£118.80
£250,000
£150.00
£333.60
dealing commission
£333.60
dealing commission
£118.80
£936.00
£250,000
£179.88
£143.64
dealing commission
£191.52
dealing commission
£90.00
£605.04
£250,000
£120.00
£240.00
dealing commission
£240.00
dealing commission
£90.00
£690.00
Comparison disclosure
Costs are based on those published costs on the other providers’ websites as of 24 March 2026. They are shown for illustrative purposes only. For confirmation of their up-to-date charges and product information, you should visit their websites.
Calculations exclude interest on customer cash and do not include investment growth or tax relief. Annual percentage based charges and monthly fixed account fees are applied after UK and US trading fees and FX fees.
Freetrade: There are no commission charges per trade and no subscription fee on the Basic plan, which gives you access to a Stocks and Shares ISA, Self-Invested Personal Pension (SIPP), and General Investment Account (GIA). FX fees are 0.99% on Basic, reduced to 0.59% on Standard and 0.39% on Plus.
Hargreaves Lansdown: Subscription fee is based on the annual 0.35% charge on the value of shares held in a SIPP. This is capped at £12.50/mo. Fee per trade reduces, depending on the number of trades executed in the previous month, from £6.95 for up to 19 trades to £3.95 for 20 or more trades. The FX rate is tiered by transaction value: 0.99% for the first £10,000, 0.50% for £10,001–£24,999.99, and 0.20% for £25,000 or more.
Interactive Investor: Subscription fee is based on the Plus plan at £14.99 per month, as the portfolio exceeds £100,000. The Plus plan includes one free trade credit per month, worth £3.99, which has been applied to UK trading in this calculation. Standard trading fees are £3.99 per trade on Core and Plus plans for UK and US shares and ETFs, reduced to £2.99 on the Premium plan. FX fees vary by plan, with 0.75% on Core, 0.75% on the first £50,000 and 0.25% above £50,000 on Plus, and 0.25% on Premium.
AJ Bell: Subscription fee is based on the annual 0.25% charge on the value of shares held in a SIPP. This is capped at £10.00/mo. Fee per trade reduces, depending on the number of trades executed in the previous month, from £5.00 for up to 9 trades to £3.50 for 10 or more trades. The FX rate is tiered by transaction value: 0.75% for up to £10,000, 0.50% for £10,001–£20,000, and 0.25% for above £20,000.
Check before you transfer a pension to us that we can accept your investments, you won’t lose any guarantees, and that you know what charges you may incur. Seek advice if you are unsure about making a transfer. Always do your own research.
Pensions that are transferred to the Freetrade SIPP may lose the protected pension age benefit, if applicable to you, meaning that you will need to wait longer until you can draw monies from your Freetrade SIPP. Please ensure you know what this means for you and the effect it may have on you and your savings.
Freetrade won't charge you to transfer your pension to us, but please check with your existing provider what fees or restrictions may apply from them. We cannot provide you with any advice therefore it is your responsibility to ensure you are happy that transferring to the Freetrade Pension is right for you.If you're unsure if transferring your pension to Freetrade is right, you should take advice from a suitably qualified financial adviser. For more info, see our SIPP Key Features Document, Terms and Conditions, SIPP Charges and SIPP Declarations.
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SIPP FAQs
Here you'll find answers to the most frequently asked questions. If you have a question that's not listed, please contact support.
What does SIPP stand for?
What type of pension can I transfer?
What can I invest in with Freetrade?
Can I transfer old pension pots into a Freetrade SIPP?
How much can I contribute each year?
Do transfers count towards my contributions?
Does the Freetrade SIPP accept Employer Contributions?
Will the HMRC 20% tax relief be added to my Freetrade SIPP account if I make a contribution?
How can I close my SIPP?
What is the difference between a personal pension and a SIPP pension?
How can I take money from my Freetrade SIPP?
What is UFPLS?
Is an UFPLS different to drawdown?
How can I take UFPLS?
What options for retirement benefits do I have?
Is there a charge for making withdrawals?
When you invest, your capital is at risk. The value of your investments can go down as well as up and you may get back less than you invest.
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Accounts include
Stocks and shares ISA
New
Junior stocks and shares ISA
New
Pension (SIPP)
New
General investment account
Benefits include
Commission-free investing in Freetrade’s full universe of stocks, ETFs, and investment trusts
FX fee of 0.99% on non-GBP trades
1% AER on up to £1k uninvested cash
Mutual funds and gilts
New
and more...
Standard
£4.99
/Mo.
£59.88 billed annually
Accounts include
Stocks and shares ISA
Junior stocks and shares ISA
NewPension (SIPP)
NewGeneral investment account
Benefits include
Commission-free investing in Freetrade’s full universe of stocks, ETFs, and investment trusts
FX fee of 0.59% on non-GBP trades
2.5% AER on up to £2k uninvested cash
Mutual funds and gilts
New
and more...
Plus
£9.99
/Mo.
£119.88 billed annually
Accounts include
Stocks and shares ISA
Junior stocks and shares ISA
NewPension (SIPP)
General investment account
Benefits include
Commission-free investing in Freetrade’s full universe of stocks, ETFs, and investment trusts
FX fee of 0.39% on non-GBP trades
3.5% AER on up to £3k uninvested cash
Mutual funds and gilts
New
and more...
Accounts include
Stocks and shares ISA
NewJunior stocks and shares ISA
NewPension (SIPP)
NewGeneral investment account
Benefits include
Commission-free investing in Freetrade’s full universe of stocks, ETFs, and investment trusts
FX fee of 0.99% on non-GBP trades
1% AER on up to £1k uninvested cash
Mutual funds and gilts
New
and more...
Standard
£5.99
/Mo.
billed monthly
Accounts include
Stocks and shares ISA
Junior stocks and shares ISA
NewPension (SIPP)
NewGeneral investment account
Benefits include
Commission-free investing in Freetrade’s full universe of stocks, ETFs, and investment trusts
FX fee of 0.59% on non-GBP trades
2.5% AER on up to £2k uninvested cash
Mutual funds and gilts
New
and more...
Plus
£11.99
/Mo.
billed monthly
Accounts include
Stocks and shares ISA
Junior stocks and shares ISA
NewPension (SIPP)
General investment account
Benefits include
Commission-free investing in Freetrade’s full universe of stocks, ETFs, and investment trusts
FX fee of 0.39% on non-GBP trades
3.5% AER on up to £3k uninvested cash
Mutual funds and gilts
New
and more...
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CAPITAL AT RISK. SIPP RULES AND OTHER CHARGES MAY APPLY.
