Interactive Investor

Open a SIPP

Get your pension SIPP-shape.

Invest smarter for your retirement with our low-cost SIPP - and get our special double offer.

Offer ends 31 May. Existing customers only. Cashback subject to a minimum £15k account value and holding period. Terms apply.

£200 cashback and no SIPP fee for 3 months

Please remember, SIPPs are aimed at people happy to make their own investment decisions. Investment value can go up or down and you could get back less than you invest. You can normally only access the money from age 55 (57 from 2028). We recommend seeking advice from a suitably qualified financial advisor before making any decisions. Pension and tax rules depend on your circumstances and may change in future. 

What is a SIPP?

A Self-Invested Personal Pension (SIPP) is a tax-efficient pension that allows you to create the retirement that you want. 

Unlike many other pensions, you have the flexibility to select how and where your money is invested, giving you more control over your future. 

Investors can choose from a wide range of shares, funds, investment trusts, bonds, ETFs and more.

What is a SIPP?

Benefits of a SIPP

  • Control & convenience - you can choose where your pension is invested, consolidate other pensions, keep track of your pot, and make changes to your contributions and investment choices whenever you want
  • Tax benefits - like all pensions, contributing to a SIPP provides a range of generous tax advantages, including a 25% boost from the government on what you pay in
  • Flexible retirement options - when you reach age 55 (57 from 2028), there are a range of options for taking an income from your pension.
  • Choice - with thousands of funds, investment trusts, ETFs and shares to choose from, you can find the right mix of investments to suit your personal retirement goals.

Low fees? Yes please.

Save and invest with ii’s Which? Recommended SIPP, Stocks and Shares ISA and Trading Account from just £9.99 a month. Additional fees and charges apply.

  • Easy to get started - it only takes a few minutes to open an ii SIPP. You can also transfer existing pensions to us once you open your SIPP.
  • Low cost – we charge a low, flat fee. Most providers charge a percentage fee that grows with your pension. Learn more
  • No additional drawdown costs – there are no charges for taking an income from your pension. It’s all covered by your monthly SIPP fee.

SIPP charges

If you are on our Investor Essentials plan you can add a SIPP for £5 plus your existing monthly fee. You will then pay £9.99 a month and can invest up to £75,000 across your accounts.  

Invest more than £75,000 and you will move onto Investor + SIPP for £21.99.

  • If you want to invest each month you can contribute as little as £25 a month with our regular investing service. There are no trading fees when you contribute this way.
  • If you want to buy or sell shares and funds, trades usually cost £3.99.
  • There are no extra charges for taking money out of your pension.
  • There are some other fees for things like foreign currency exchange and Stamp Duty on shares. View our full charges

*Analysis shows you could be better off over 30 years of investing in an ii SIPP with our Investor plan due to our low flat fees. This is just for illustration if all other factors were the same. The advantage of lower flat fees over time means that you could be significantly better off in the long run. By how much will always depend on your personal circumstances. More about our analysis

Get £200 when you add a SIPP.

Add a SIPP to your plan by 31 May 2024 and you'll get:

  • 3 months free SIPP - Save up to £30 when we waive the SIPP admin fee for your first three months; AND
  • £200 cashback - if you fund it with £15,000 or more.

And don't forget, transferring your pension to our SIPP counts towards the cashback. So, if you’ve been thinking of transferring, here’s your chance to make the move to ii.​

Offer ends 31 May. Existing customers only. Terms apply.

Check before you transfer​​

Please check that you won’t lose any safeguarded benefits if you transfer. This could include guaranteed annuity rates or a lower protected pension age than the Normal Minimum Pension Age (rising from 55 to 57 in 2028). It’s also worth checking for any transfer-out charges.​

It's important that you take enough time to decide whether transferring your pension is right for you. If you need more time and wish to qualify for this offer, please wait until the next offer period - we promote transfers to the ii SIPP on a regular basis.

How to get started

As you're already a customer with us, it's quick and easy to open a SIPP.


Add an ii SIPP account

If you are on our Investor or Super Investor plans, simply select 'Log in to add a SIPP' below and select 'Open a SIPP' after you've logged in.


Transfer existing pensions (optional)

You can transfer most types of pension to us. Keeping all your pensions in one place keeps things simple, and could reduce your costs.

You can start a transfer while opening your SIPP, or you can do it later by logging in to your account.


Choose your investments

Our low-cost Quick-start Funds are an ideal way to get started.

If you prefer, you can choose your own investments from a wide range of shares and funds.

Thousands are already benefiting from the ii SIPP

Thousands of people, building their pension or already taking an income, have already moved billions of pounds from large traditional pension providers to the ii SIPP and are now benefiting from our low flat fee pension charge.

Transferring your pensions to ii also means you can:

  • Access and manage a single pension online
  • Access a range of investments chosen by our experts
  • Pay no additional fees when you start to withdraw an income

See how our flat fee compares with Aviva and Standard Life's SIPPs

Compare monthly charges below. Existing customers on our Investor plan can add a SIPP for an extra £10 a month.

Pension pot valueii SIPPAviva SIPPStandard Life SIPP
Online fund Buy/Sell£3.99 per tradeFreeFree
Regular investingFreeFreeFree

We were careful to compare products that are all SIPPs and products that even made available some of the same investment funds, with the same fund investment charge. It was also important we highlighted to buy or sell a fund with AVIVA & Standard Life there is no charge and with ii there is a charge when the free regular investing service is not being used. Read more about our analysis.

Existing customers can transfer a SIPP by simply clicking 'Add a SIPP' below.

What you can invest in

One of the main benefits of a SIPP is the wide investment choice on offer. For inexperienced investors, we offer expert intelligence and insight so you can make informed decisions about your future.  Our Quick start Funds, comprising six low-cost solutions handpicked by our experts, provide a simple way to help get you started. 

Not sure how to invest in your SIPP?

The ii SIPP Selected Growth Option is an optional low-cost investment that our team of experts has carefully selected to match common goals when investing for retirement. 

Why choose interactive investor?

  • More than 400,000 people already trust us with their pensions or other investments.
  • Our SIPP is Which? Recommended.
  • Our customers have rated us as 'excellent' on Trustpilot (4.7 out of 5).
  • We offer one of the widest choice of investments on the market - and provide expert insights to help you choose.
  • And if you're not satisfied with our service, it's completely free to leave.

How can Pension Wise help?

If you have a defined contribution pension scheme and are 50 or over, then you can access free, impartial guidance on your pension options by booking a face to face or telephone appointment with Pension Wise, a service from MoneyHelper

If you are under 50, you can still access free, impartial help and information about your pensions from MoneyHelper

We talked to four interactive customers who have recently transferred their old-style pensions.

Commonly asked questions