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SIPP: Self-Invested Personal Pension

Take control of your retirement planning with our award-winning, low cost SIPP.

open a SIPP   transfer your pension

At a glance

✔  With a SIPP, you choose how and where your pension is invested

✔  Many people combine old pensions into one for simpler retirement planning

✔  When you reach retirement age, we offer a range of flexible drawdown options

Why choose the ii SIPP?

✔  Our low, flat fee could give you £20,000 more in retirement, compared with other SIPP providers.*

✔  We give you a free trade every month - use this to buy or sell any investment.

✔  Our ready-made funds and expert ideas make it easy to choose investments.

✔  Choose from more than 40,000 investment UK and global investment options – including funds, trusts, ETFs, OEICs, bonds and VCTs .

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

SIPP fees and charges

  • Your £9.99 service plan fee gives you access to the widest range of investments on the market, plus our ISA and Trading Account.
  • The SIPP fee is just £10 a month extra, bringing the total cost to £19.99 per month. (Special offer: open today and pay no SIPP fee until April 2021).
  • Once you start drawing from your pension, there is an additional £10 drawdown fee. We are removing this fee from 1 October 2020.
  • We give you a free trade every month, and there are no trading fees with our regular investing service.

Are your old pension providers keeping you in the dark about fees? Find out more

Managing your SIPP

Making contributions

Learn about the rules and limits on contributing to your SIPP.

find out more

SIPP investment ideas

We’ve made it easy to find ideas for your SIPP portfolio.

find out more

SIPP drawdown

Choose how and when you take money from your pension.

find out more

Open a SIPP by 30 September 2020 and pay no SIPP fee until April 2021.

This means your service plan fee of £9.99 covers you for all of your investment accounts. Following the offer period, the ii SIPP fee is only £10 a month more, and could save thousands compared to other pension providers who charge a percentage fee. Terms apply


A SIPP, or Self Invested Personal Pension, lets you choose how your pension is invested – giving you greater control over your retirement plans.

You can choose from more than 40,000 global investment options with interactive investor, including shares, funds and trusts. If you’re not sure where to start, our quick-start funds could help.

Some people use a SIPP to combine old pensions into one. This can make it easier to keep track of your pension pot.

You may also pay less in fees, especially if you are moving from pensions that charge a percentage of your pension value.

It only takes a few minutes to get started – open a SIPP today.

You will need your National Insurance number and the details of any pensions you want to transfer.

UK residents over the age of 18 can open a SIPP. 

You can open a SIPP even if you do not have any earnings.

When you open a SIPP, you will pay a £9.99 service plan fee, plus £10 a month SIPP fee – bringing the total cost to £19.99 a month.

This also gives you access to our Stocks and Shares ISA, Junior ISA and Trading Account at no extra cost.

You can transfer most types of pension to our SIPP. Find out more on our SIPP transfer page.

Open a SIPP

It takes less than 10 minutes to get started.  You'll just need your address, debit card details and National Insurance number to hand.

start your application

Already an ii customer?

It's even quicker and easier to apply for an ii SIPP. Simply log in using the button below and choose 'SIPP' from the available options.

log in to apply

The ii SIPP is aimed at clients who have sufficient knowledge and experience of investing to make their own investment decisions and want to actively manage their investments. A SIPP is not suitable for every investor. Other types of pensions may be more appropriate. The value of investments made within a SIPP can fall as well as rise and you may end up with a fund at retirement that’s worth less than you invested. You can normally only access the money from age 55 (age 57 from 2028). Prior to making any decision about the suitability of a SIPP, or transferring any existing pension plan(s) into a SIPP we recommend that you seek the advice of a suitably qualified financial adviser. Please note the tax treatment of these products depends on the individual circumstances of each customer and may be subject to change in future.

* Independent research

To see how investing with our Fair Flat Fees over 30 years in a SIPP compares with other providers, The Lang Cat used:  • A £150,000 initial balance  • 40 trades per year • A 50:50 split between shares and funds  • Standard charges, with no set-up fees or temporary offers.

£0 SIPP fee promotion terms and conditions¹

  1. No SIPP fee shall be charged to all new ii SIPP accounts until April 2021 (the “Offer”) that are opened from and including 3 March 2020 to and including 30 September 2020¹ (the “Offer Period”). This shall include instances where a participant has submitted a full and complete application for a new ii SIPP account during the Offer Period but the account is not yet opened, where such delay is not attributable to the acts or omissions of the participant.

  2. The Offer is open to new and existing customers.

  3. These terms and conditions should be read in conjunction with the ii SIPP Terms. In the event of a conflict between these terms and conditions and the ii SIPP Terms, these terms shall prevail.

  4. After the Offer has ended, the SIPP fee you will be required to pay will be as set out in our Rates and Charges.

  5. All other fees, for example a drawdown fee which is applied once you start to take retirement benefits, are not subject to this Offer and shall continue to apply notwithstanding.

  6. We reserve the right to alter, withdraw or amend this Offer and/or these terms and conditions at any time without prior notice.

  7. All participants to this Offer agree to be bound by these terms and conditions.

  8. Interactive Investor Services Limited (“IISL”) is the promoter of this offer. The registered office for IISL is Exchange Court, Duncombe Street, Leeds LS1 4AX.

¹ Updated 28 August 2020