How do I open a fee-free Best SIPP?

First you will need to open a Best SIPP by either applying online or sending us the paper application forms. Once your account is set up you can buy a Ready-made Portfolio with a minimum investment of £500. You won’t pay a penny of service fees for your Best SIPP as long as your money stays invested in one of the Ready-made Portfolios.

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* Before transferring pensions, you should ask yourself: Will I be charged or penalised by my existing provider for transferring? Will I lose any valuable features or benefits if I transfer? Have I considered my current pension charges, and could consolidating be more expensive? Am I part of an occupational final salary pension scheme? (In which case I would most likely be better off not switching).

**Exit or transfer fees may apply if you choose to close your Best SIPP account.

SIPPs are not suitable for everyone. If you don’t want to invest across different asset classes or don’t think you will make use of the investment choices that SIPPs give you then a SIPP might not be right for you. Self-directed investors should regularly review their SIPP portfolio, or seek professional advice, to ensure that the underlying investments remain in line with their pension objectives.