Low-cost SIPP charges
Fees and other costs for the Best SIPP
With a long-term investment like a pension, charges can eat into your returns and reduce the amount of money you have left for retirement. We keep our charges low and offer one of the lowest-cost SIPPs available, while also giving you the freedom and choice to build a pension that suits your needs.
Tiered SIPP service fees – 0.3% a year or less
We have a tiered structure for our Best SIPP annual management charges, so you pay a lower percentage for larger investments. As pensions are long-term investments we also charge lower fees for our SIPP than our ISA and Investment Account.
|Pension value||Tiered fee (per SIPP account)|
|Up to £250,000||0.3% a year|
|£250,000 - £1 million||0.2% a year|
|Over £1 million||Free|
Pay 0% when you buy a Ready-made Portfolio
You pay no service fees for the Best SIPP if you invest your pension in one of our Ready-made Portfolios. The portfolios are built and looked after by our experts. This means they make all the investment decisions for you – just choose the portfolio that suits you best (or we can advise you on which one to choose).Buy a Ready-made Portfolio
You pay 0% service fees for the Best SIPP if you invest your pension in one of our Ready-made Portfolios.
Great value for money
It is free to open a Best SIPP account or transfer pensions from elsewhere. We’ll also pay you up to £500 towards any exit fees your current providers charge*. There is nothing to pay for fund dealing and no initial charges on almost all funds. We make all of our fees clear so when you invest with us you can see exactly what you are paying for.See our full list of charges
How can I open a Best SIPP?
Opening a Best SIPP is as easy as completing a short online form. If you’d prefer you can fill out the paper application forms or call our experts and they will be happy to guide you through the process. You can open your pension by paying in a lump sum, setting up regular savings or transferring other pensions**.Open a SIPP Download application form
*Exit fees may apply if you close your Best SIPP.
**Before you consider transferring a pension, it is important to ask yourself: Will I lose any valuable benefits or features from my existing pension plan? Will I incur any penalties on my existing pension if I transfer? Is it an occupational final salary pension scheme? (in which case it is very unlikely to be advisable to transfer) Have I considered the charges on my current plan? (a new arrangement may be more expensive – especially if you have a stakeholder pension).
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. Please contact us for guidance or advice if you are unsure whether a SIPP is right for you.