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.
Low fees? Yes please.
Save and invest with ii’s Which? recommended SIPP pension from just £5.99 a month.
- Easy to get started - it only takes a few minutes to open an ii SIPP. You can also transfer exiting pensions to us once you open your SIPP.
- Easy to invest - choose from our Quick-start Funds or a wide range of shares and funds.
- Easy to manage - keep track of your pension online or using our easy-to-use app
Our SIPP charges
- When you open our SIPP you will start on our £5.99 a month Pension Essentials plan.
- When the value of your account grows above £50,000 you will move onto our £12.99 a month Pension Builder plan.
- Existing customers with an ISA and/or Trading Account on our Investor Essentials plan can add a SIPP for an extra £5 a month. You can then invest up to £75,000 across your accounts. Above this you will move onto Investor + SIPP for £21.99 a month.
- You can add a SIPP on our Investor plan for just £10 a month (plus your existing monthly fee).
- There are some other fees for things like foreign currency exchange and Stamp Duty on shares. View our charges page for a full list.
Benefits of our plans
- All our plans allow you to invest as little as £25 a month using our free regular investing service.
- UK and US trades cost only £3.99.
- There are no extra fees for taking money out of your pension.
Full terms for our Pension Essentials plan can be found here.
*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 it: check our working out here.
Get your SIPP cashback offer
Open an ii SIPP and fund with at least £10,000 by 29 February 2024. You can do this by requesting a pension transfer or making a contribution.
No registration is required and multiple transfer requests and contributions count towards your total qualifying transfer amount.
We'll pay your cashback, after 12 months, in one of two ways:
- Customers on our Pension Builder and Pension Essentials plans will be paid into their nominated bank account.
- Customers on our Investor Essentials, Investor or Super Investor plans will be paid into their Trading Account.
Please check that you won’t lose any safeguarded benefits if you transfer. This could include guaranteed annuity rates or lower protected pension age than the Normal Minimum Pension Age (rising from 55 to 57 in 2028). Please also check any transfer-out fees.
We promote transfers to the ii SIPP on a regular basis. It is important that you take enough time to decide whether transferring your pensions is right for you. If you need more time and wish to qualify for an offer, please wait until the next offer period.
SIPP charges FAQs
We collect your monthly subscription via Direct Debit. If you have a stand alone SIPP and have no Direct Debit set up, we will try to collect fees from the cash you hold in your SIPP. If you have a Trading Account alongside your SIPP, we will try to collect fees from cash you hold in your Trading Account. If there is no cash in your Trading Account, and you also have an ISA account, we will attempt to collect fees from your ISA. We may regularly sweep across your accounts, if cash becomes available to settle part or all of a fee debt.
If none of these methods is successful, and we have your Debit Card details then we will attempt to charge that card the outstanding amount. If there is no other means for payment we reserve the right to sell holdings to cover any outstanding fees.
On 1 October 2020 we removed the an additional £10 monthly fee when a SIPP moves into drawdown. There are no additional drawdown charges.
It’s completely free to transfer to us. Your current provider may charge exit fees, so please check first.
This includes ‘in specie’ transfers, in which you keep the same investments as your old pension.
If you can’t find the information on this page, contact us with your questions and we’ll be happy to help.
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.