Interactive Investor

Open a SIPP

Say hii to our best SIPP offer. Ever.

Open a SIPP by 29 February and get £100 to £5,000 cashback.

New SIPP customers only. Subject to a minimum £10k account value and holding period. Cashback paid after 12 months. Terms apply.

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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. 

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.

Terms apply.

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.

A cashback offer that won't be eaten up in high % fees 

When it comes to investing, you need to keep your iis peeled. Generous cashback sign-up offers might look nice, but how good a deal are you actually getting? 

Most investment platforms hit you with percentage fees – the more you make, the more they take. When you take that into account, how good is the cashback offer, really? 

At ii, our flat fees mean you have greater control of your finances and pay the same amount every month. You deserve a cashback offer with low, flat, fair fees. Anything else just doesn’t add up. 

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.

We make this easy for you with our Quick-start Funds - but more confident investors can choose from a wide range of funds and shares.

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.

What is a SIPP?

Benefits of our 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.

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 itcheck our working out here.

How to get started

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

3

Choose your investments

Our low-cost Quick-start Funds are an ideal way to get started.

If you prefer, you can choose your own investments from a wide range of shares and funds.

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 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

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. 

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 'Investment Platform of the Year' at the Investors' Chronicle and Financial Times Celebration of Investment Awards - and are 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 the expert insights to help you choose.
  • And if you're not satisfied with our service, it's completely free to leave.

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

SIPP FAQs