Tax-efficient pension savings that you fully control. All for a flat subscription fee of £9.99/month*.
Start making your own investment decisions. Open a Self-Invested Personal Pension (SIPP) to transfer and combine your old pensions.
When you invest, your capital is at risk. Pension and tax rules apply. Other charges may apply. See our full pricing table.
*£7/month with Plus membership
Start saving for your future today.
Download the app and open your SIPP account in minutes.
Put all of your pensions in one place.
Head to the app, open a SIPP account and click ‘Transfer a pension’.
Before transferring your pension to Freetrade, make sure it is the right action for you to take. Some people speak to a financial advisor to help them make this decision.
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 here.
Transparent fee structure for your tax-efficient self invested personal pension; pay a flat fee of £9.99/month,
or £7/month if you are a Freetrade Plus member.
Disclaimer: Comparisons to other SIPP 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, SIPP Charges and SIPP Declarations.
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.
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%.
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.
You can invest in a wide range of investment assets, from listed shares to ETFs and trusts with your Freetrade SIPP account. We’ve got a full list of stocks and shares 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 - check all SIPP charges.
We are not allowing this to start with, but hope to in the future.
We claim the 'Basic Rate' 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.
You can transfer the below types of pensions to a Freetrade 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.
This promotion is currently only available to Freetrade customers who opened a SIPP, but have not started a pension transfer.
Step 1: Reply directly to the in-app message and a SIPP representative will be in touch.
Step 2: Share a few details around the pension(s) that you want to transfer and our team will do the leg work. Make sure you start the pension(s) transfer by 15th October 2021 to qualify for this promotion. Terms apply.
Step 3: We’ll award your free share within 30 days of completing the transfer in of at least one pension.
⚠️ 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.
15th October 2021, at 23:59.
We will award your free share within 30 days of completing the transfer in of at least one pension.
To qualify for this giveaway, pension transfers must be initiated by 15th October 2021. The free share is yours for as long as you want it unless you transfer out or close your Freetrade SIPP within a year of opening it, 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).
For tax reasons, we’re not able to place your free share into your SIPP.
You can see example free shares in the table below:
* 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 10th August 2021. 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.
You will forfeit your free share, or the amount equal to the value of the free share at the time of awarding. You will have to repay this amount to Freetrade.
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.
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 (raising to 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 to do 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 during this 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).