Freetrade SIPP

Tax-efficient pension savings that you fully control. All for a flat fee of £9.99/month, or £7/month if you are a Freetrade Plus member.
‍
Download the app to open a SIPP account in minutes. You can transfer an old pension or fund your pension account and start investing in stocks, shares and ETFs.

Open SIPPTransfer pension

When you invest, your capital is at risk. Pension and tax rules apply.

Other charges may apply. See our full pricing table.

fscs logo

Why choose a SIPP?

Tax benefits and annual contributions
‍Contribute up to 100% of your salary and receive tax relief on contributions up to £40,000 per tax year
Take control
‍Decide exactly how your pension is invested, choosing products that reflect your outlook on our changing world
Consolidate your pensions
Gather multiple pensions in one accessible and low-cost account
Easy to use platform
Monitor performance and make decisions at the click of a button
And much, much more.
How to transfer

Pension transfers

Consolidating your pensions into one pot can make it easier to track your pension growth and manage your investments. Moving your pension to Freetrade is easy, and you won’t have to pay any setup or transfer in fees.

Transfer pension

Receive HMRC tax relief with our SIPP

For your pension contributions, we'll claim the 25% 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 here.

Why open a SIPP with Freetrade?

Low flat fee - We're building a low-cost SIPP. You’ll either pay £9.99/month or receive a 30% discount if you’re a Plus member.
Commission-free dealing - Investing should be free, and we’re committed to providing this to our customers, forever.
FSCS protected - Customers' accounts are covered by the provisions of the Financial Services Compensation Scheme (FSCS) up to a maximum of £85,000. Read more about how we’re keeping your money safe.
Vast stock universe - You can choose from thousands of UK and US stocks and ETFs and we’re constantly adding more - see our full stock list.
Fractional shares - You can invest from £2 and own a piece of even the most expensive US stocks, helping you build a diversified portfolio.
Award-winning app - Manage your portfolio from anywhere via our beautiful iOS and Android apps.
Instant trades - Unlimited commission-free instant trades during stock market opening hours.
Support - Fast, friendly customer support when you need it.
Learn more

For more info, see our SIPP Key Features Document, Terms and Conditions, Charges Schedule and SIPP Declarations.

SIPP fees and charges

Transparent fee structure for your tax-efficient SIPP pension; pay a flat fee of £9.99/month,
or £7/month if you are a Freetrade Plus member.

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.

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.

While you’re on the waitlist, why not download the app and start investing today?

How to open a Freetrade SIPP

It only takes a couple of minutes to open a SIPP account with Freetrade.
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.
Once ready to start, download the app and follow the three steps below.

Step 1:

Tap on the profile icon at the top right of your screen

Step 2:

Next, tap on 'Open a pension (SIPP)’'

Step 3:

Read SIPP documents before following the steps on-screen.

You’ll be sorted in no time. Once your SIPP account is opened, you can transfer your pension, or fund your account and start investing. For more info, see our SIPP Key Features Document, Terms and Conditions, Charges Schedule and SIPP Declarations.

Learn more about pensions

How much do you need to retire?

Right arrow

Pension investing in your 20s & 30s

Right arrow

SIPP vs ISA: this time it's personal (finance)

Right arrow

What's a SIPP?

Right arrow

Frequently asked questions

General SIPP FAQ

What is a SIPP?

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.

What can I invest in with Freetrade?

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.

Can I transfer old pension pots into a Freetrade SIPP?

Yes. You are able to transfer old pension pots (maybe some you forgot about!) into your Freetrade SIPP.

How much can I contribute each year?

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.

Do transfers count towards my contributions?

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.

Can my employer contribute?

We are not allowing this to start with, but hope to in the future.

Will the HMRC 25% tax relief be added to my Freetrade SIPP account if I make a contribution?

We claim the 25% tax relief on behalf of the customer and deposit it in their Freetrade SIPP account for them automatically. It normally takes around 6-11 weeks from the top-up to the money entering their account.

What type of pension can I transfer?

You can transfer the below types of pensions to a Freetrade SIPP:
‍
- SIPP
- Individual Personal Pension (IPP)
- Stakeholder Pension Plan (SHP)
- Free Standing Additional Voluntary Contributions (FSAVC)
- Contract-Based Workplace Pension Plan*
- Trust-Based Workplace Pension Plan*
- Subject to current plan rules. Some workplace pension plans cannot be transferred whilst still active.

Currently, we are unable to accept Final Salary Personal Pension, Defined Benefit Pension Plan or any pensions that contain Safeguarded Benefits including Protected Tax-Free Cash (PTFC), Protected Retirement Ages (PRA), Guaranteed Annuity Rates (GARs) or Guaranteed Minimum Pensions (GMP).
‍
There is no limit on how many pensions someone can have (e.g. NHS pension and a Freetrade SIPP), but clients should be aware of their own circumstances. Check more details on how to transfer your pension to Freetrade.

Can I move cash from other Freetrade accounts to my Freetrade SIPP?

Currently, you will not be able to move cash from their ISA or GIA directly into a Freetrade SIPP.

Free Share promotion FAQ

When did this campaign end?

6th December 2020, at 23:59.

What happens when I join the waiting list? Will I get charged?

Joining the waitlist is the first step in getting your free share. With joining, you register your interest, but you will only be charged the SIPP subscription fee once you actually open your account.

I already joined the SIPP waitlist before the promotion started. Will I qualify to get the free share?

Yes, absolutely! If you have joined the SIPP waitlist before 18 November 2020, you will qualify to get your free share if you complete the rest of the steps as part of this promotion.

Why does the free share have to go into my General Investment Account?

For tax reasons, we’re not able to place your free share into your SIPP.

What happens if I close my Freetrade SIPP within a year of opening?

You will forfeit your free share, or the amount equal to the value of the free share at the time of awarding. This amount will be repayable to Freetrade.

I already have a pension account elsewhere, can I transfer it?

You’ll normally be able to transfer your pension from a different provider (subject to terms and conditions). There will be no fees from us for doing so, though your provider may charge you exit fees. It is up to you to ensure this is the right thing for you to do, with the help of a financial adviser, if required. Alternatively, you can choose to have a Freetrade SIPP as well as another pension plan.

When will I get my free share?

We will award your free share in the next 30 days after you open and contribute to your SIPP account or all your pension transfers initiated within 30 days after Freetrade SIPP is open are complete.
‍
The free share is yours for as long as you want it unless you transfer out or close your SIPP within a year of opening a Freetrade SIPP account, in which case the value of the share awarded will be required to be repaid. Terms apply
‍
We will contact you to let you know that you have qualified to receive your free share as part of this promotion. Your free share will land in your General Investment Account (GIA).

What free share will I get?

The free share will be based on the value of your SIPP portfolio size 30 days after the Freetrade SIPP launch or once all pension transfers started within 30 days after the Freetrade SIPP launch have completed.
‍
The minimum free share value you’ll receive will be based on your SIPP portfolio size. You can see example free shares in the table below.

Have questions? Email us at hello@freetrade.io or reach out via in-app chat.

SIPP Waitlist Promotion Terms and Conditions

1. This waitlist promotion of free shares is only offered on the understanding that you will only apply for a Freetrade SIPP, make contributions to it and request any transfers to be made from other pension plans on the basis that you believe, with the help of a financial adviser if required, that these are the right actions for you to take. This requires you to read and understand the Freetrade SIPP Key Features Document, Terms and Conditions, Charges Schedule and application declarations.

2. A free share will only be gifted to you if you join the waitlist by 23:59 on 6th December 2020, open a Freetrade SIPP, including adding your payment card details for the monthly SIPP subscription charge, and contribute to your SIPP account or initiate a pension transfer within 30 days of the Freetrade SIPP launch.

3. The free share gifted will be based on your SIPP portfolio size 30 days after the Freetrade SIPP is launched, or when all pension transfers that were initiated during the 30 day period after the Freetrade SIPP is launched are complete.

4. The exact reward free share will be awarded at Freetrade’s discretion, and it may not be an example free share featured in the above promotional table.

5. If you close your Freetrade SIPP or withdraw all of your funds within a year of opening a Freetrade SIPP account, you will forfeit your free share or the amount equal to the value of the free share at the time of awarding.

6. Employees and contractors of Freetrade are not eligible for this offer.

7. The offer is only available if you are eligible and accepted as a Freetrade customer. This applies to UK tax residents only, and unfortunately excludes US nationals or dual US nationals who reside in the UK. We reserve the right to refuse to onboard an applicant customer.

8. Neither receiving a share through this promotion nor any mentions of particular securities in our communications as part of this promotion represents a recommendation to buy, sell, or hold any particular security.

9. To be granted a free share as part of this promotion, you must complete your W-8BEN form.

10. Your free share will be awarded into your General Investment Account (GIA).

11. Receiving a free share may have tax implications. Freetrade does not take any responsibility for tax related to this stock award.

12. Freetrade retains full discretion to determine whether a customer has fulfilled all of the requirements to participate in this offer and can withdraw, remove or vary the free share offer at any time for any customer.

13. Freetrade does not provide investment advice and individual investors should make their own decisions or seek independent advice.

14. By entering your email, you agree to receive SIPP related updates from Freetrade.
‍

Important information

SIPPs are a pension product designed for people who want to make their own investment decisions. You can normally only access the money from age 55 (potentially 57 from 2028). Current rules can change, and tax relief depends on your personal circumstances.
‍
When you invest, your capital is at risk. The value of your portfolio can go down as well as up and you may get back less than you invest.
‍
Before transferring a pension you should ensure that this is the right thing for you todo and in particular you will not lose valuable guarantees or incur excessive transfer penalties. Pensions are usually transferred as cash so you will be out of the market for a period and therefore there is a risk you may lose out on investment gains duringthis period.
‍
Freetrade does not currently offer drawdown products for our SIPP.
‍
The fees displayed on this page do not include any fees which may be charged by product manufacturers (e.g. ETF management fees).

Download the app and start
investing now.

Freetrade does not provide investment advice and individual investors should make their own decisions or seek independent advice. The value of investments can go up as well as down and you may receive back less than your original investment. Freetrade is a trading name of Freetrade Limited, which is a member firm of the London Stock Exchange and is authorised and regulated by the Financial Conduct Authority. Registered in England and Wales (no. 09797821).

Copyright © 2020 Freetrade, All rights reserved. The Apple logo is a trademark of Apple Inc. App Store is a service mark of Apple Inc. Google Play and the Google Play logo are trademarks of Google LLC.

Made with 🍩 in London, Stockholm and Brisbane.