Why we like it: A new, straightforward way to build your pension has arrived. Open an ii SIPP for just £5.99 a month (assets up to £50,000. Over £50,000 the fee is £12.99 pm). Which? Recommended SIPP Provider 2023. Transfer your pension to an ii SIPP. Terms apply. Capital at risk
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Open an ii SIPP with a lump sum, invest monthly or transfer pensions held with other providers
Apply for an ii SIPP on your desktop, tablet or mobile in just a few minutes
The widest choice of investment in the market: over 40,000 UK and global stocks including shares, funds, ETFs, investment trusts and more
Hold and trade up to 9 currencies, including sterling, US dollars and euros, to help you manage currency exchanges (FX)
Quickly fund your ii SIPP and access your portfolio anytime, anywhere with our mobile apps
Trading costs: £7.99 for UK shares and ETFs, funds, investment trusts and US shares
Flat fee of £12.99 a month
Customers can upgrade to also have an ISA, trading account, as many free Junior ISAs as they have children, and one free trade a month, for just £7 per month extra
SIPPs are a type of pension for people happy to make their own investment decisions
Investments go down in value as well as up so you could get back less than you invest
25% tax-free lump sum. You can normally take up to a quarter of your SIPP without having to pay tax, after you’ve reached the age of 55
Tax reliefs depend on your circumstances and the rules could change in the future
If you’re unsure about the suitability, we recommend you ask for independent advice
With investments your capital is at risk
Invest From:
£100
Investment Options:
Offering commission-free DIY investing from a choice of 700 ETF’s, or low-cost professionally managed income or growth portfolios built for you
Admin Charges:
Sipp fee: 0.15% for your InvestEngine SIPP, capped at £200 per year, plus the costs of your investments — commission‑free for our DIY portfolios, or add a Managed portfolio for 0.25% a year
Get a Welcome Bonus of up to £50 when you invest at least £100 with InvestEngine (Capital at risk, Ts&Cs apply)
Why we like it: Low cost SIPP, large choice of ETF investments, or have a portfolio designed and managed for you. Easy, automated investing. Tax relief on your investments Capital at risk
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Opening a SIPP with InvestEngine takes minutes. Access generous tax relief while preserving and growing your wealth for the long‑term
DIY investing in choice of 700 ETFs – which offer a simple, offer easy diversification and are considerably more cost‑effective than traditional pension investments
Alterternatively choose a managed portflio – let InvestEngine’s team of expericnced investment managers match you with amnd take care of a portfolio that suits your goals
Low fees – you’ll pay 0.15% for your InvestEngine SIPP, capped at £200 per year, plus the costs of your investments — commission‑free for our DIY portfolios, or add a Managed portfolio for 0.25% a year
Choose your investments, set up your Savings Plan and our automated investing will do the rest
Access a range of powerful tools, from at‑a‑glance breakdowns of exactly what you’re invested in, to easy automated rebalances to keep your portfolio on track
SIPPs come with generous tax relief to encourage retirement investing. Enjoy relief on income paid into your SIPP, from a guaranteed 20% to up to 45% for additional‑rate taxpayers
The tax treatment of your investment will depend on your individual circumstances and may change in the future
Investments go down in value as well as up so you could get back less than you invest
25% tax-free lump sum. You can normally take up to a quarter of your SIPP without having to pay tax, after you’ve reached the age of 55
With investments your capital is at risk
Invest From:
No minimum
Investment Options:
Build your investment portfolio from over 12,500 investments, from stocks and shares, funds, ETFs and more
Why we like it: Invest in your future using a first-class investment platform and app. Securely manage your portfolio online, with no minimum investment level. Over £12,500 investment choices, low platform fee and savings available through Charles Stanley Direct’s loyalty programme. Alternatively advice is available for portfolio investments of over £200,000
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Open a Charles Stanley Direct SIPP with a lump sum, invest monthly or transfer pensions held with other providers
No minimum investment level if choosing your own investments
Wide range of investment services, offering you the flexibility to be as involved as much or as little as your like, from managing your own investments online, to bespoke and advisory investment services (minimum investment £200,000)
Contribute up to your annual allowance of up to £60,000 (depends on total earnings for the tax year and whether or not you have already drawn any taxable retirement benefits)
The government will top up whatever you contribute with 20% basic rate tax relief. Higher-rate and additional-rate taxpayers may claim up to a further 20% and 25% respectively on top through their tax return
Decide how you want to take your benefits at retirement, including the option to withdraw up to 25% as a tax-free lump sum after you’ve reached the age of 55
SIPPs are a type of pension for people happy to make their own investment decisions
Investments go down in value as well as up so you could get back less than you invest
Tax reliefs depend on your circumstances and the rules could change in the future
If you’re unsure about the suitability, we recommend you ask for advice
With investments your capital is at risk
Invest From:
£25 pm
Investment Options:
A wide choice of investments, including over 2,000 funds, shares from 25 markets, ETFs, investment trusts and more
Why we like it: There are no charges to set up their SIPP and if you are moving an existing SIPP to them there are no transfer in charges. With AJ Bell you can deal from as little as £1.50, and you will never pay more than £5.00 per online deal. With investments, your capital is at risk.
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Which? Recommended Investment Platform 2019, 2020 and 2021
Low charges – buy funds from £1.50 and shares for as little as £5.00
A regular investment service – invest as little as £25 a month for a lower dealing charge of just £1.50
Free access to Shares Magazine, one of the UK’s leading online resources for private investors, by maintaining an account balance of over £4,000
Why we like it: Award winning pension provider, HL are a FTSE 100 Company and the UKs biggest SIPP provider which is testimony to the service they offer their 1m+ clients. With no setup or transfer in charges, and no charges to buy or sell funds, Hargreaves Lansdown offer a flexible SIPP where you invest as little as £25 pm. With investments, your capital is at risk.
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No SIPP set-up, transfer-in or fund-dealing fees. Online share dealing at £11.95 per deal, or as low as £5.95 per deal for active traders with a low annual charge to hold shares of just 0.45% (capped at £200 per annum)
FREE research on popular investments
Free mobile app to deal shares, access prices, indices, news and research.
Voted Best SIPP Provider seven years running
Up to 45% tax relief on your contributions
A 25% tax-free lump sum. You can normally take up to a quarter of your SIPP without having to pay tax, after you’ve reached the age of 55
SIPPs are a type of pension for people happy to make their own investment decisions
Investments go down in value as well as up so you could get back less than you invest
You can normally only access the money from age 55.
Tax reliefs depend on your circumstances and the rules could change in the future
If you’re unsure about the suitability, we recommend you ask for independent advice
Hargreaves Lansdown Self Invested Personal Pension
Take control of your pension!
No SIPP set-up, transfer-in or fund-dealing fees. Online share dealing at £11.95 per deal, or as low as £5.95 per deal for active traders with a low annual charge to hold shares of just 0.45% (capped at £200 per annum)
FREE research on popular investments
Free mobile app to deal shares, access prices, indices, news and research.
Voted Best SIPP Provider seven years running
Up to 45% tax relief on your contributions
A 25% tax-free lump sum. You can normally take up to a quarter of your SIPP without having to pay tax, after you’ve reached the age of 55
Thousands of funds to choose from; Select 50 – Browse a list of expert picks. Pathfinder – Risk profiled fund options. Investment Finder – Search 1000s of investment ideas.
Service Fee
Less than £25,000: 0.35% if you have a regular savings plan or £90 (£7.50 a month) if you don’t £25,000 or more but less than £250,000: 0.35% £250,000 or more but less than £1 million: 0.20% – and you will automatically qualify for Fidelity’s Wealth Management Service benefits £1 million+: 0.20% a year for the first £1 million and no service fee for investments over £1 million
Why we like it: The Fidelity SIPP offers low cost pricing with an extensive range of investment options with user friendly selection tools as well as planning calculators and retirement guidance. If you are transferring from an existing SIPP they will cover up to £500 of transfer out fees. Fidelity with over $300 billion of assets, are one of the largest money managers in the world. With investments, your capital is at risk.
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Expert guidance to help you invest your savings
24/7 access via online Account Management system
Great service – from UK-based phones team through to investment guidance on our website
A regular savings plan from as little as £20 per month
Award winning (Which? Recommended Provider 2023) – 3rd year in a row
SIPPs are a type of pension for people happy to make their own investment decisions
Investments go down in value as well as up so you could get back less than you invest
You can normally only access the money from age 55 (57 from 2028)
Tax reliefs depend on your circumstances and the rules could change in the future
If you’re unsure about the suitability, we recommend you ask for independent advice
Self Invested Pension
Take Control of your pension!
A self-invested personal pension (SIPP) is different to a traditional pension. Instead of limiting your investment options, a SIPP opens the doors, giving you more choice in how you invest your money.
Like other pensions, the government will still give you up to 46% tax relief on the amount you pay in. Once your money is in a SIPP, you won’t have to pay tax on any gains or income your investments make.
Low cost award winning pension – Fixed fee plan keeps costs down over long term
Investment choice – Choose from more than 40,000 investments
Ready made funds and investment ideas – Making it easy to select investments
Expertise – Research, ideas, and updates to help you with your investment decisions
Important Risk Information:
This website contains information only and does not constitute advice or a personal recommendation in any way whatsoever. The value of investments and income from them can fall as well as rise and you may not get back the full amount invested. The tax efficiency of pensions is based on current tax law and there is no guarantee that tax rules will stay the same in the future.
Different types of investment carry different levels of risk and may not be suitable for all investors. Prior to making any decision to invest, you should ensure that you are familiar with the risks associated with a particular investment and should read the product literature. If you are in any doubt as to the suitability of a particular investment, both in respect of its objectives and its risk profile, you should seek independent financial advice.
* Details of how the Financial Services Compensation Scheme applies to investment firms can be found at fscs.org.uk.
