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.

Join the waitlist by 6th Dec 2020, open and contribute to your SIPP within 30 days after it’s launched and get a free share worth £40-£2,000. It could be Coca-Cola, Netflix or Amazon!*

Use the dropdown to indicate the amount you’re planning to contribute either directly or via a transfer in:

We've sent you a link. Please click it to join the waitlist and become eligible for the free share.

Oops! Please select the amount you’re planning to contribute


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

When you invest, your capital is at risk.

*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.

Transfer your pension and get a free share

The minimum free share value you’ll receive will be based on your SIPP portfolio size. You can see example free shares here:

* Examples of stocks that are at or above the minimum value you could get with your portfolio size, and we plan to give out as of 16 November 2020. Please note that share prices go up and down. We will assess that a share's value meets the minimum value threshold at the point of purchasing, based on independent third party data feeds, at our sole discretion.

How does this promotion work?

Step 1:

Sign up for the SIPP waitlist by 6th Dec 2020 by entering your email address above.

Step 2:

Once the Freetrade SIPP is launched, open and contribute to your Freetrade SIPP account or start a pension transfer within the next 30 days. Terms apply

Step 3:

We’ll award your free share in the next 30 days once your Freetrade SIPP is open and funded. Terms apply

👉 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.

👉 Make sure that the Freetrade SIPP is the right pension plan for you, and that making any transfers to it would be in your best interests.

👉  To receive a US stock, make sure you've filled out your W-8BEN form.

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.

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.
Trusted and secure - We’re an FCA-regulated stockbroker, a member of the London Stock Exchange and your money is protected by the FSCS. 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 17 November 2020, 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.

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:

  • 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:

  • Annual shares custody charges are 0.25% of the value of the shares in your account, capped at £25/ quarter.

  • 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.

  • Transfer out to a different pension scheme is £75, plus £25 per holding (excluding VAT).


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.

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

Frequently asked questions (campaign)

When does 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.

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.

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 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.
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The free share is yours for as long as you want it unless you transfer out your SIPP within a year of opening a Freetrade SIPP account.
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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.
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The minimum free share value you’ll receive will be based on your SIPP portfolio size. You can see example free shares in the above table.

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

Frequently asked questions

Free Share promotion FAQ

When does 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 above table.

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.

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

Free Share 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 SIPP 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.
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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.
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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.
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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.
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Freetrade does not currently offer drawdown products for our SIPP.
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The fees displayed on this page do not include any fees which may be charged by product manufacturers (e.g. ETF management fees).

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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).

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