Learn exactly how much you will be paying for the ii SIPP. If you are not satisfied, it is free to leave.
Our SIPP administration fee is only £10 per month while you are building your pension pot. Once you start to take retirement benefits, there is an additional £10 monthly pension drawdown fee.
We believe that charging a fixed fee is fairer than percentage-based fees. You will always know what you are paying, and your charges will stay the same as your investment grows. This can lead to significant savings over a long-term investment.
We offer a range of service plans to suit your style, so you can watch your portfolio grow while your costs stay the same.
We have three service plans available to choose from.
Each service plan has a fixed monthly fee with different trading commissions to suit your investment style.
Our core plan for investors looking to get the best choice and insight in the market.
1 FREE trade per month*
All UK trades £7.99
£9.99 a month
For investors looking to build a portfolio of funds, helped by our independent select lists and analysis tools.
2 FREE fund/investment trust trades per month*
Fund and Investment Trust trades £3.99
UK Share trades £7.99
£13.99 a month
Our premium plan designed for more frequent investors, with market-leading trade commissions.
2 FREE trades a month*
All UK trades £3.99
US trades £4.99
£19.99 a month
SIPP Management Charges
Our SIPP administration fee is £10 per month, including VAT. There is no charge for opening a SIPP, and we do not charge any exit fees. The full breakdown of SIPP management fees is as follows:
|SIPP administration fee||£10 per month including VAT||Payable monthly in addition to your service plan.|
|Transfer out to another UK-based provider||No charge|
|Transfer out to an overseas scheme||£500 + VAT|
|Pension sharing on divorce||£300 + VAT||Payable for the calculation and processing of pension sharing on divorce.|
|Payment of death benefits||Typically £200 - £500 + VAT||The charge for the calculation and processing of death benefits will be based on the time spent so will depend on the complexity of your case.|
|Closing your SIPP in the first year||£300 + VAT||Except when closed due to death, ill health or serious ill health benefits.|
|Closing your SIPP after one year||No charge|
Our trading commissions start from just £3.99, if you choose our Super Investor service plan. We also offer regular investing and dividend reinvestment for 99p, and each month you will receive free credit of £7.99 to use against any trades.
Charges when accessing your SIPP
Once you start to take retirement benefits, there is an additional £10 monthly drawdown fee. The charge includes regular payments, and is payable even if you elect to take "nil" income in any year.
Government charges that can apply to your SIPP
Government charges such as stamp duty may apply to certain transactions. Potential charges are as follows:
|UK Stamp Duty||0.5%||UK equity buys|
|Irish Stamp Duty||1.00%||Irish equity buys|
|UK PTM levy||£1||Flat-rate charge on UK equity buys and sells where the trade value is more than £10,000.|
|ITP levy||€1.25||Flat-rate charge on Irish equity buys and sells where the trade value is more than €12,500.|
|Hong Kong transaction levy||0.0027%||Equity and company warrant buys and sells.|
|Hong Kong trading fee||0.05%||Equity and company warrant buys and sells.|
|Hong Kong Stamp Duty||0.1% (Rounded up to the nearest HKD)||Equity and company warrant buys and sells.|
|Singapore clearing fee||0.0325%||All buys and sells|
|French Financial Transaction tax||0.3%||For buys of eligible French stocks.|
|Italian Financial Transaction tax||0.1%||For buys of eligible Italian stocks.|
An award-winning SIPP
Transfer to us and benefit from an award-winning service at the low price of just £10 per month, with trading commissions from £3.99 depending on your service plan. We are proud to have been named Best SIPP Provider at the 2019 ADVFN Awards.