CMC Invest’s SIPP is now Free for the First 12 Months

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CMC Invest SIPP

CMC Invest's SIPP Is Now Free For The First 12 Months
CMC Invest

Account: CMC Invest SIPP

Description: CMC Invest's SIPP is great for actives investors are you can buy Mid and Small-cap UK shares, AIM shares and 1,000+ Mutual Fundsas well as 3,000+ US shares, Large-cap UK shares, 400+ ETFs, Investment Trusts and REITs with zero commission.

Offer price: https://goodmoneyguide.com/visit/cmc-invest-sipp/

What is a CMC Invest SIPP?

The SIPP offering is available to CMC Invest Premium account holders and will come free of charge for the first 12 months.  What’s more, SIPP holders will be able to trade at zero commission (other charges may apply), within their plan.

For comparison, a SIPP holder at Hargreaves Lansdown, one of the country’s largest SIPP providers with an investment of £60,000, split two-thirds a third, between bonds and stocks would currently pay the Bristol-based firm £22.50 per month in fees.

A Self-invested Personal Pension or SIPP, is a class of personal pension plan in the United Kingdom, that allows individuals to make their own investment decisions about their retirement savings.

Here are some key features of a SIPP:

With a SIPP, you have a wide range of investment options, including stocks, bonds, mutual funds, exchange-traded funds (ETFs) and more. This flexibility allows you to tailor your investments according to your risk tolerance and investment goals.

As with other personal pension schemes, contributions to a SIPP are eligible for tax relief, reducing your overall tax liability and boosting your investments. The money within the SIPP grows tax-free, and you can access your pension savings from the age of 55 under current legislation.

SIPPs are portable, meaning you can transfer them from one provider to another if you are unhappy with the service or want to consolidate multiple pensions.

With a SIPP, you have greater control over your retirement savings and investment decisions, as opposed to traditional personal pension plans where investment decisions are made by the provider. Though, of course, that puts the onus of performance firmly in your court.

Overall, SIPPs are designed for self-determined individuals who want to take an active role in managing their retirement savings and who have a good understanding of investment principles.

Pros

  • Zero commission
  • No account fees for 12 months
  • Good market access

Cons

  • £25 per month account cost
  • No website access (app only)
  • Pricing
    (4.5)
  • Market Access
    (4.5)
  • App & Platform
    (4.5)
  • Customer Service
    (4.5)
  • Research & Analysis
    (4)
Overall
4.4

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