SIPP Charges Schedule

Version 7.2, April 2026

Subscription & Transaction Fees 

You will be charged as per the plan you have subscribed to. These charges will stay the same as your investment grows, giving you better value in the long term.

• Basic: free
• Standard: £4.99 per month or £59.88 per year
• Plus: £9.99 per month or £119.88 per year

Our subscription fees are debited directly from your bank account.

This will include access to the Freetrade SIPP at no extra cost. There are no other fees for the Freetrade SIPP except our standard investment related fees such as SDRT and FX (both as defined below) which are determined on the instrument you choose to invest in. Further information about our full investment range can be found in our Investment Brochure.

When you initiate a transaction through our Services, all fees that we will charge in connection with that transaction, as well as associated costs (such as taxes, stamp duty, and other duties, as well as levies and other charges) related to that transaction, will be displayed to you so that you can see the total cost to you of that transaction. You hereby irrevocably authorise us to deduct all fees, costs, taxes and levies (as well as the cost of the Securities in question, when you initiate a buy transaction) from your Available Funds, at the time that you commit to the transaction.

All fees are inclusive of Value Added Tax (VAT) where applicable.

The amount of our fees, as well as the nature of our fees, may change from time to time.

Stamp Duty 

Stamp Duty Reserve Tax (“SDRT”) is a tax the UK Government applies to the purchase of certain assets, including stocks. You'll pay 0.5% stamp duty of the value of the purchase (but not the sale) of UK stocks at the time of purchasing the stock. But you won’t pay it on UK listed ETFs, stocks listed on the AIM or US exchanges and other non-UK assets.

FX fees 

A foreign transaction fee, sometimes referred to as a Foreign Exchange (“FX”) fee, is a surcharge on your purchase that appears when you make a purchase that passes through a foreign bank or is in a different currency. 

Spot rate on each subscription tier:

• Plus: FX fee of 0.39% on non-GBP trades
• Standard: FX fee of 0.59% on non-GBP trades
• Basic: FX fee of 0.99% on non-GBP trades

Commission-free dealing

Investing should be commission-free, and we’re committed to providing unlimited instant dealing (during market opening hours) to our customers, forever. Other charges, like stamp duty and FX (foreign exchange) fees may apply. 

Fractional shares 

We do not charge for investment in fractional shares. You can invest from £2 and own a piece of even the most expensive US stocks, helping you build a diversified portfolio. 

Interest on Available Funds 

Your Available Funds will not attract any interest, even if they are in credit. You acknowledge that we may receive interest on all of our clients’ funds held by our Custodians, and hereby waive your right to claim payment of any part of such interest. 

Consolidate your pension 

We accept pension transfers. We don’t charge any fees for receiving a transfer from another provider. If any investments in your existing pension plan are investments we can hold, you can transfer them without selling. If not, you’ll need to sell them for cash. Then that cash can move over too in the same transfer. Alternatively, you can opt to transfer entirely in cash. Learn more about our pension transfers here.

Accessing your pension

You cannot normally access the pot of money you have built up in your SIPP until you reach the minimum pension age, which is 55 years old at present and rising to 57 years old from 6 April 2028.

Once you have reached minimum pension age, we offer the option to draw money out of your pension as an Uncrystallised Fund Pension Lump Sum (UFPLS) payment. You may use some or all of your pension fund to provide you with this type of payment. 25% of the lump sum is tax-free and the remainder will be subject to income tax.

Each UFPLS withdrawal will cost £240. This amount will be deducted from your Pension Fund and will be taken following receipt of your valid application to make an UFPLS withdrawal.

Please note: As the charge applies to each withdrawal, you are reminded that it would be better value for money to take larger, less frequent withdrawals than frequent, smaller withdrawals. You should also consider the impact on your rate of income tax of making UFPLS withdrawals. The taxed element of an UFPLS payment counts as income, so making large withdrawals or frequent small withdrawals, within a tax year could mean you are liable to pay a higher rate of income tax. If you are in any doubt about the impact of taking UFPLS payments we recommend that you take advice from a suitable qualified financial adviser.

Currently you will have to transfer your pension fund to another provider if you want to take money from your pension as an income (drawdown) or to convert it to an annuity.

Exit fee and accessibility 

We do not charge for transfers out nor an exit fee if your Freetrade SIPP is closed following transfer or death. You cannot normally access the pot of money you have built up in your SIPP until you reach the minimum pension age (which is 55 years old at present and rising to 57 years old from 6 April 2028) but currently you will have to transfer your pension fund to another provider when you want to take your money out or convert it to an income.