Interactive Investor

Open a SIPP

Get your pension SIPP-shape.

Invest smarter for your retirement with our low-cost, Which? Recommended SIPP.

Open a SIPP by 30 June and get your first 3 months free. New customers only. Terms apply.

Pay no SIPP fee for 3 months with our Which? Recommend SIPP

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?

Get your first 3 months free.​

Open an ii SIPP by 30 June and pay no subscription fee for your first 3 months. That's a saving of up to £12.99 every month.

New 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.

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 pension from just £5.99 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.

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. 

Our pricing

We offer two different plans for our Self-Invested Personal Pension. When you open an account you will start on our £5.99 a month Pension Essentials plan. Should your investments grow above £50,000, you will move onto our £12.99 a month Pension Builder plan.

Pension Essentials

£5.99 a month

Invest up to £50,000 in a SIPP. Includes:

  • Invest in funds, stocks, ETFs and more
  • Hold foreign currency in your account
  • Free regular investing*

Pension Builder

£12.99 a month

Invest over £50,000 in a SIPP. Includes:

  • Invest in funds, stocks, ETFs and more
  • Hold foreign currency in your account
  • Free regular investing*

Additional charges

  • UK and US trades cost only £3.99
  • *Our regular investing service is free if you invest at least £25 a month. 
  • Other fees such as stamp duty and foreign exchange charges may apply.

Read our full charges for more.

How much could you save?

We've crunched the numbers - If you invested in our SIPP, after 30 years you could be better off by £85k.

That's more than £1,000 difference a year, just for using us over another platform.

Lots of things can affect your final figure. But the lower the fees, the more money you'll keep for yourself. This is just for illustration if all other factors were the same. 

Don't just take our word for itcheck our working out here.

How to open a SIPP

Opening a SIPP with ii couldn't be simpler.

1.

Open an ii SIPP account

This should take less than 15 minutes. Make sure you have your bank details and your National Insurance number to hand.

2.

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

3.

Choose your investments

If you’re new to investing, our low-cost Quick-start Funds are an ideal way to get started. 

But if you’re confident enough to choose your own investments, we have a wide range of shares and funds to suit your preferred investing style and financial goals.

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 in 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. 

What our customers say

How does a SIPP work? 

You can use a SIPP to save and invest for a comfortable retirement or draw a flexible income in later life.

You can pay in single lump sums and/or make regular contributions from your bank account. You have the facility to either pause, stop, increase, or decrease these payments whenever you like to suit your changing circumstances.

Whenever you or an employer make payments into a SIPP, you get tax relief in the form of a 25% government top up. If you pay either 40% or 45% income tax, then you might be able to claim extra tax back via self-assessment.

Once you've funded your SIPP, you can choose how and where to invest your money, giving you complete control over your pension pot.

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

Commonly asked questions

More SIPP FAQs