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 type of pension that lets you choose how and where it is invested.
You can combine your other pensions into one SIPP for simpler retirement planning. And like all pensions, you'll get generous tax benefits every time you contribute.
Benefits of our pension (SIPP)
- Control - you can choose where your pension is invested, keep track of your pot, and make changes whenever you want.
- Convenience - if you transfer your other pensions to our SIPP, you'll be able to see everything in one place, and pay just one monthly fee. Learn more
- Low cost - we charge a low, flat fee. Most providers charge a percentage fee that grows with your pension. Learn more
- Tax benefits - like all pensions, contributing to a SIPP provides a range of generous tax advantages. Learn more
- Flexible retirement options - when you reach 55 (57 from 2028), we provide a range of options for taking an income from your pension. Unlike many other providers, there is no extra charge for this. Learn more
- Security - your pension is safe with us. Your money is always kept separate from our own, and we are fully FSCS protected. Over 400,000 people trust us with their pensions and other investments.
SIPPs are popular with people who want more control over where their pension is invested than is typically available from more traditional pension schemes. You can consolidate old workplace pots into a SIPP and you can also ask your current employer to pay into one.
They can also make sense for self-employed people who want to pick their investments independently, or for people who want to invest their pension sustainably, because of the investment choices available.
New customers start on our £12.99 a month Pension Builder plan. Open a SIPP before 31 August and your first 6 months are free. Find out more.
If you already have our ISA or Trading Account, you can add a SIPP for just £10 a month (plus your existing monthly fee).
- 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 £7.99. Please note: from 1 September 2022 we will be reducing our trading charges. Find out more.
- There are no extra fees 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 SIPP charges page for a full list.
*Analysis shows you could be better off by £100k over 30 years of investing in an ii SIPP with our Pension Builder 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
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.
Why choose interactive investor?
- More than 400,000 people already trust us with their pensions or other investments.
- We've won multiple awards - most recently 'Best SIPP provider' at the ADVFN awards.
- Our customers have rated us as 'excellent' on Trustpilot (4.7 out of 5).
- We offer the widest choice of investments on the market - and the expert insights to help you choose.
- And if you're not satisfied with our service, it's completely free to leave.
Learn more about our SIPP
Learn how to make the most of your SIPP with our useful guides.
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.