SIPP

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

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Join the thousands of people with a Freetrade SIPP

Open a sipp

Open SIPP

Start saving for your future today.
Download the app and open your SIPP account in minutes.

Transfer SIPP

Transfer SIPP

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.

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 SIPP platform
Monitor performance and make decisions at the click of a button
And much, much more.

Receive HMRC tax relief with our SIPP

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.

Why open a SIPP account 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.

SIPP fees and charges

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.

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 set up 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, SIPP Charges and SIPP Declarations.

What can I invest in?

See which are the most traded shares by the total value of buy orders over the past week on the Freetrade app.

US and UK stocks

Invest in thousands of NYSE, NASDAQ and London Stock Exchange-listed companies across many sectors such as tech, energy, consumer staples or healthcare.

ETFs

Choose from a wide range of exchange-traded funds covering index funds, stock and bond ETFs from providers like Vanguard, iShares and Invesco, as well as HSBC and Xtrackers.

REIT stocks

Diversify your investments with REITs, which allow you to add residential or commercial real estate assets to your portfolio without the hassle of buying and managing the properties yourself.

Investment Trusts

Choose from over 150 investment trusts to diversify your portfolio across a wide range of sectors, geographical areas and markets worldwide.

Learn more about SIPP pensions

Updated
September 24, 2021
Updated
June 18, 2021

SIPP Frequently Asked Questions

What can I invest in with Freetrade?

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.

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 - check all SIPP charges.

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 '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.

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?

Yes, you are able to move cash from your stocks and shares ISA or GIA, General Investment Account directly into your Freetrade SIPP.

Free Share promotion FAQ

How does this promotion work?

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.

When will this promotion end?

15th October 2021, at 23:59.

When will I get my free share?

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).


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 free share will I get?

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.

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. You will have to repay this amount 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.

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

SIPP Free Share Promotion Terms and Conditions

1. This 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 add your payment card details for the monthly SIPP subscription charge and initiate a pension transfer by 15th October 2021.

3. The gifted free share will be based on your SIPP portfolio size after the promotion end date, or when all pension transfers that were initiated before the promotion end date 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.


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 (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).

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