- Experts commend interactive investor Pensions for its extensive investment options and flat-fee structure, which is particularly beneficial for larger pension pots. They highlight the platform's low-cost nature and excellent educational resources, while noting that the fixed fees may be less advantageous for smaller accounts. Overall, the service received a perfect rating of 5.0/5 across multiple criteria, including pricing and customer service.
- Across 1125 user reviews on Good Money Guide, averaging 4.3/5, customers frequently praise the platform's wide range of investment options and user-friendly interface. Many users appreciate the flat-fee structure, which they find beneficial for high-volume trading. However, there are notable criticisms regarding rising fees, customer service responsiveness, and some technical issues with the platform's functionality.
interactive investor Pensions Expert rating
Our expert rating is the average of the areas listed here, each scored out of 5 by our team.Our experts have rated interactive investor Pensions across five key areas of our review framework.
- Pricing5.0
- Market Access5.0
- App & Platform5.0
- Customer Service5.0
- Research & Analysis5.0
Pros
- Huge range of investments
- £1 minimum deposit makes it easy to get started
- Fixed SIPP account fee that does not increase with your investments
Cons
- Fixed fee expensive for small accounts
See full expert review
Our verdict
Interactive Investor offers the most investment options in the UK SIPP markets. With II you can invest more than 40,000 domestic and international shares, ETFs, bonds and over 3,000 funds (AJ Bell has 2,000 and HL offers 2,500 funds).
Is Interactive Investors' SIPP (pension) any good?
Yes, interactive investor won "Best SIPP Provider" in the 2025 Good Money Guide Awards. ii has a really good pre-selected fund section, which makes crucial SIPP asset allocation decisions much easier. It's very low cost too, with excellent education and research, and a huge range of investments to choose from.
The key advantage of interactive investor’s SIPP is that it has a flat-fee structure. This means that annual account charges do not increase as your pension pot grows in size. This structure can help those with larger SIPP portfolios save on fees, however it can be a little expensive for small pensions if you are just starting to invest for your retirement.
For smaller pension pots, those that just want to invest in ETFs, InvestEngine offer a free SIPP, but it is limited to just UK-listed ETFs, so you can't buy individual shares. One of the good things about ii's SIPP is that you can buy bonds, gilts, and shares in small and large UK and international companies.
Even though ii charges £3.99 for buying funds. If you compare this to Hargreaves Lansdown, which does not charge for buying and selling funds, but HL SIPP fees are higher. If you have £100,000 in your SIPP with ii you'd pay £71.88 a year, versus HL where your fees would be £450.
So, if you have a big pension, is it worth moving it to ii? Well, yes at the moment, as interactive investor claim their SIPP pricing can give you an additional £68,467 towards your pension after 30 years compared to HL. Plus, if you transfer your SIPP to ii before 31st August, you can claim up to £2,000 in cash back.
Of course, you’ll need to add cash or start a transfer of a minimum value of £10,000 to qualify for your cashback reward. Terms apply.
Customer reviews for interactive investor
Customer ratings come from reviews left on this site. Every review is read and approved before it is published.Based on 1,125 reviews
- Excellent51%
- Very good33%
- Basic10%
- Poor4%
- Bad2%
Read customer reviews
Account info set out in...
Account info set out in a conventional and easily understood manner. Good quick customer service via their secure message system. I rate them as being very good all-rounders.
Reliable, quick to credit dividends,...
Reliable, quick to credit dividends, good range of stock.
I find it hard to...
I find it hard to navigate and not very intuitive.
Reasonable value, monthly share tradind...
Reasonable value, monthly share tradind credit useful.
Platform easy to use but...
Platform easy to use but annoyed that dealing account pays in dollars rather than automatically converts. Good tax reports and documentation
Ok but difficult website
Ok but difficult website
Good website, app and reasonable...
Good website, app and reasonable fees
quick and easy
quick and easy
Good
Good
User friendly
User friendly
Admittedly I preferred the lower...
Admittedly I preferred the lower fees of the Sharedealing centre which Abrd bought and am now part of ii. Very good customer service however.
5/5
Easy to use and works...
Easy to use and works well
I use my ii account...
I use my ii account for my trading and find it easy to use and straightforward
5/5
No thoughts
No thoughts
Simple to use - intuitive
Simple to use - intuitive
Good support
Good support
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Easy to use.
Easy to use.
UK SIPP investors can earn £100 to £3,000 cashback when switching to interactive investors‘ flat-fee SIPP (Self-Invested Personal Pension). To qualify, you must open a new SIPP and deposit or transfer at least £20,000 into the account. The cashback amount increases depending on how much you transfer or contribute. The promotion runs until 31 January 2026, and terms, conditions, and pension fees apply.
What is an ii SIPP?
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
Richard’s contributions and expertise have been recognized by respected publications such as The Sunday Times, BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.
