Best SIPP Providers Compared & Reviewed

We’ve compared, ranked, and reviewed the top SIPP providers by account fees, plus whether they offer advice or managed pensions, helping you choose the best SIPP for your retirement.

Methodology: Our experts hand-picked the best SIPP providers based on:

  • User feedback. We analysed over 30,000 votes and reviews in the prestigious Good Money Guide annual awards.
  • Unbiased, real-world testing. Our team tests each SIPP provider with real money to ensure you have a seamless and user-friendly experience.
  • In-depth feature comparison. We conduct a thorough comparison of SIPP features, highlighting those that make each provider stand out from the competition.
  • Exclusive insights from the top: Our exclusive interviews with SIPP provider CEOs provide insider perspectives and valuable information to help you make informed decisions.

What is a SIPP?

SIPPs are a type of pension that lets you invest in individual shares & ETFs, which gives you more control over your retirement pension pot. They are great if you want to take more risk, or invest in brands and companies you use and love.

A self-invested personal pension (SIPP) lets you take control of your retirement investments. Unlike a traditional private pension managed by professionals, a SIPP allows you to choose individual shares, bonds, funds, and exchange-traded funds (ETFs), giving you more flexibility over your investments.

SIPPs are ideal if you’re confident in managing your pension savings. They can grow your retirement fund faster if you invest wisely. SIPPs typically cost less than managed pensions and provide a wider range of investment options compared to personal pensions.

What Investments Can be Held in a SIPP?

The range of investment options will vary across SIPP providers, but typically you can choose from:

  • Individual stocks. These are company shares registered on a stock exchange
  • Bonds. These are loans made to companies or the government
  • Unit trusts. These are open-ended funds which pool your investments with others’
  • Investment trusts. This means a closed-ended investment vehicle where your money is pooled with other investors’
  • Exchange-traded funds (ETFs). An ETF is a basket of stocks that trades on an exchange
  • Deposit accounts with banks and building societies. These provide fixed returns on savings accounts
  • Commercial property. This means investments in office buildings, shops and factories (full SIPPs).
"The beauty of SIPPs is the control and flexibility they give investors, as they provide an extensive choice of investments including funds from many different companies under one roof. This makes your retirement savings more convenient to manage and monitor than having a scattered number of different pension plans, but without needing to sacrifice investment choices."
Alice Haine
Alice Haine Alice Haine, Personal Finance Analyst at Bestinvest

How to Choose a SIPP Provider

These are the main aspects to consider:

  • Account fee – the annual charges of having a SIPP account
  • Minimum deposit – the smallest amount of money you can deposit initially to open a SIPP account
  • Share dealing fee – the standard fee for buying and selling UK shares (this may reduce for frequent traders)
  • Fund dealing fee – the cost of buying and selling funds (this may reduce for multiple monthly deals)
  • International shares – does the SIPP account give you access to US and other international stock markets?
  • Junior SIPPs – can you also open an account for your children to help them invest for their retirement?

How Much Can You Pay into Your SIPP?

You can pay 100% of your earnings into a pension in a year and receive tax relief of up to 40% on the first £60,000 paid in per year. This is known as your annual allowance; there is no longer a lifetime allowance.

This standard annual allowance is reduced by £1 for every £2 of “adjusted income” you have above £260,000. That applies if your income minus the amount you paid into a pension was above £200,000, and your total, including payments to your pension, was above £260,000.

SIPP Returns Calculator

Find out how much your contributions will be worth when you retire with our free online SIPP returns calculator. A good return on a SIPP would be 7% – 10% but this depends on how the overall stock market is performing. 

Selected Value: 4 %
Selected Value: 25 years
What your pension will be worth when you retire.
What you have paid into your pension.
How much profit your pension investments have made.

What Is The Best SIPP?

interactive investor won “Best SIPP Provider” in the 2025 Good Money Guide Awards becuase of its fixed fee structure and wide range of market available.

Other highly rated SIPP accounts in the UK are:

Interactive Investor
Best SIPP Provider 2025

What Is The Cheapest SIPP Account?

InvestEngine has zero account fee for it’s pension product.

But as you can only invest in ETFs, you cannot buy individual shares, so do not have complete control.

InvestEngine
Account Fees
100 %
ETFs
0 +

However, of the full-service SIPPs we compare from full-service stock brokers, AJ Bell is the cheapest SIPP as their account fee starts at 0.25% compared to Hargreaves Lansdown’s 0.45%.

However, Bestinvest charges the lowest SIPP account fee (0.2%) if you are investing in ready-made portfolios. But, for other investments like shares, ETFs and investment trusts, the basic account fee starts at 0.4%.

So in actual fact, if you treat a SIPP as it is intended where you choose exactly the shares and funds you buy and sell in it, AJ Bell has the cheapest annual charges which are capped at £10 a month for shares.

Best SIPP For Large Pensions

For those with large pension accounts, Interactive Investor’s SIPP can be very cost-effective. This SIPP offers a flat-fee structure meaning that annual account charges do not get bigger as your SIPP grows in size. Fees for pensions above £50k are only £12.99 a month.

Interactive Investor
Per Month
£ 0
Potential Savings
£ 0

If you have a £1 million pension, choosing interactive investors flat-fee platform at £12.99 a month would save you a huge amount compared to a provider charging 0.25% annually.

The flat fee works out at just £155.88 per year, versus £2,500 a year on the percentage-based model.

Over a decade, that’s £1,558.80 in flat fees compared with £25,000 in percentage charges, a total saving of £23,441.20 simply by opting for the cheaper structure.

Best SIPP For UK Shares

We rank AJ Bell as the best SIPP account for holding shares, because of their low fees and excellent research.

UK Shares

Holding shares in a SIPP with AJ Bell costs 0.25% of your pension value which is capped at £10 per month.

This is lower than interactive investor’s £12.99 per month, and significantly lower than Hargraves Lansdown’s 0.45% annual fee

If you buy and sell shares for your SIPP on a regular basis with AJ Bell UK dealing commission is reduced from £5 to £3.50 per share.

Plus, as a full service stock broker, AJ Bell gives investors access to smaller cap shares which have greater growth potential.

Best SIPP For US Stocks & International Stocks

We rank Hargreaves Lansdown as the best SIPP for buying US stocks as they offer an excellent research platform for choosing which US stocks to buy.

International investing also falls under their standard dealing fees which are £11.95 per trade, which reduces to £8.95 if you do over ten deals, or £5.95 if you are buying and selling shares more than 20 times a month.

Technically Interactive Brokers has the lowest fees for buying international shares in a SIPP, as the minimum charge per trade is £1 and the FX conversion rate is as low as 0.2%, but, they are online only and do not have the customer service in the UK or the research portal that Hargreaves Lansdown clients have access to.

US Stocks

Best SIPP Apps

We rate Hargreaves Lansdown as having the best SIPP platform if you want to use your SIPP account to make investing decisions. Interactive Investor, Bestinvest and AJ Bell may be cheaper, but they don’t offer anywhere near as comprehensive data, research and analysis as Hargreaves Lansdown.

Hargreaves Lansdown App

Hargreaves Lansdown enables you to see risers and fallers, get an overview of world markets, drill down in a company’s fundamentals and compare charts. You can also see what the most popular traded shares are from its 1.7 million customers and rank bonds by yield and coupons.

Hargreaves Lansdown also produces a list of shortlisted funds and sector reviews, should you wish to use them for market timing technical analysis on the charting software.

What are the best SIPP transfer offers?

SIPP providers are constantly battling for the best clients, and many will be willing to offer attractive cashback options for people who transfer their SIPPs.

If you are thinking of moving your self-invested personal pension, we’ve put together a list of which SIPP providers are offering the best transfer cashback offers and deals that could cover exit costs or give you a top-up bonus when you move your SIPP to a different provider.

We have ranked the top SIPP transfer offers below: 

  • interactive investor: Get £200 cashback when you open a SIPP and deposit or transfer a minimum of £15,000.
  • AJ Bell: £500 to cover exit fees, free shares magazine worth £220 a year, Addidas gift card worth £200
  • Hargreaves Lansdown: No SIPP transfer offer
  • CMC Invest: No SIPP transfer offer
  • IG: No SIPP transfer offer
  • InvestEngine: No SIPP transfer offer
SIPP Cashback Offers

Note: The FCA only allows affiliates to feature a single offer by a provider so it’s worth checking their websites directly for the most up-to-date information.

Each of these looks attractive, but it is important to understand the detail before you commit to a switch. You should consider cashback offers against the overall price of the pension carefully. For example, providers have historically masked higher annual fees when compared to competitors with attractive cashback offers. In other words, they are using your money from high fees to pay for their special offer. Suddenly things don’t look so rosy. 

Others place limits. Cashback may rise and fall depending on how much you’re putting in. You might have to transfer quite a large amount to get the full value of the cashback offer. Others will only cover a certain amount. 

Special offers on SIPPs, therefore, can be great, but they don’t tell the whole story. When choosing a SIPP always look at all the features and their fees before you decide whether to take the plunge.

When making the decision, you need to make sure you understand all the cost implications. Some of these deals are not actually cashbacks but come with higher-than-normal fees. In other words, they are using your money to fund your own cashback and hoping you won’t notice. The fact that they feel the need to pay you to make a transfer may also say something about the underlying quality of their SIPP. Sometimes it’s worth looking at SIPP provider that do not offer special offers, as the service and quality of the product are the only incentive customers need to sign up.

Self-invested pension transfers can take a long time. Fortunately, plenty of providers offer cashback and special incentives to those who want to switch.

This is because maximising your pension pot can often be improved with a switch to a new, better performing provider.  According to a recent study from Which, switching to a self-invested pension could save more than £20,000 in the run-up to retirement.

The idea of switching becomes even more attractive when you consider how many special offers leading providers have put in place to attract switches. From cashback to temporary discounts, switching your pension could offer all sorts of benefits.

However, you should be very careful before moving your pension to a SIPP as private or corporate pensions come with benefits that self-invested personal pensions cannot match. If you are considering transferring a pension into a SIPP you must talk to an independent financial advisor beforehand.

You should also not just switch because of a cashback offer, you should see the cashback offer as a bonus for switching, not the only reason. Specifically, if you actively manage your SIPP, as you may find the new provider does not offer the same market access as your existing one.

Also, all providers charge differently for SIPP. For example, Interactive Investors, charge a flat fee, so no matter the value of your SIPP, your fees will be the same. If you were to switch from ii, to Hargreaves Lansdown, where charges are scaled all the way up to £2m for funds, you could end up paying more over time.

The other thing to consider is if you want to give your children a head start on their retirement with a Junior SIPP. Interactive Investor for example, does not offer Junior self-invested personal pensions, where as HL does, so if you were considering moving from HL to II, it would mean managing accounts at two separate providers.

New providers will often say they will cover you for ‘up to’ a certain amount, so you need to look beyond the headline figure and see how much they will really give you. Check this carefully, if the cashback offer isn’t enough to cover any costs associated with moving your account away from your existing provider you will need to consider if this provider still offers the best deal for you.

It’s a balancing act. On the one hand you must calculate the full extent of the exit fees you could be facing and on the other you should make sure you read the small print of any SIPP transfer offer. Make sure you understand all the features of the SIPP and its fees. Only then will you be able to decide whether it really is worth making the change.

Ultimately, you will be better off in the long term paying low annual fees for SIPP management and earning the best returns, over a gaining a £250 cashback offer now but paying more for your SIPP for the next 20 years.

SIPP transfers can be difficult, expensive and time-consuming but our comparison can make it easier to choose the best SIPP provider for your account.

I’d say generally no. You shouldn’t switch your SIPP from one provider to another just to get the cashback as overall pricing structures and the time and effort can eat into any reward. However, if you are going to switch your SIPP anyway, it’s always worth ensuring you do it in a way that qualifies you for the cashback to make more of your money.

FCA Regulation Gives You Peace of Mind

All UK SIPP providers must be regulated by the Financial Conduct Authority (FCA), which ensures they are financially secure, treat customers fairly, and maintain proper compliance systems.

Good Money Guide lists only FCA-regulated SIPP accounts, offering the added protection of the Financial Services Compensation Scheme (FSCS) for your funds, which means your deposits are protected up to £85,000 if your provider were to go bust.

Is a SIPP Right for You?

Compared with a normal or private pension, the main advantage of a SIPP is you get more investment options; the main disadvantage is that you are responsible for managing your own money.

Pros of SIPPs

  • Contributions come with tax relief
  • Investment gains and income are tax-free
  • There’s a generous annual allowance
  • You have control over your retirement savings
  • You generally have a wide range of investment options to choose from
  • You can transfer old pensions into your account

Cons of SIPPs

  • You can’t access your money before the age of 55
  • When you turn 55, you can withdraw only 25% of your SIPP tax-free
  • There’s a limit to the amount of tax relief you can get
  • You’re responsible for managing your retirement savings

SIPPs vs Personal Pensions

SIPPs work much like personal pensions, which you set up and manage yourself. The key difference is that SIPPs usually provide a wider range of investment options.

With a SIPP, you can invest in UK and international shares, funds, investment trusts, ETFs, bonds, and more. In contrast, personal pensions typically restrict your choices to managed funds and ready-made portfolios.

If you want to transfer a private pension to a SIPP, most SIPPs will help you transfer pensions free of charge and in some cases may cover some of your exit fees.

However, not all plans let you take your money out and even if you can transfer, you will likely pay charges. The rules and fees vary across providers, but the regulator is clamping down on exit fees.

If you have a final salary (defined benefit) scheme with your employer with a pot of £30,000 or more, you will need the transfer approved by a regulated adviser, to ensure you don’t lose significant pension benefits.

Different Types of SIPP

There are two types of SIPP – which you choose depends on how you want to invest for your retirement. Below we explain the difference between low-cost and full SIPPs.

Low-Cost SIPPs

The low-cost SIPP (also known as SIPP lite or DIY SIPP) normally has lower fees than a full SIPP. This is because it is “execution-only”, which means the provider offers a platform for you to choose and manage your investments. There are generally fewer investment choices and typically no investment advice.

Low-cost SIPPs offer fewer asset classes than their full-cost counterparts and typically include listed equities, ETFs and bonds, but not unlisted equity or commercial property.

Some may just offer a limited number of ready-made funds. Providers don’t offer advice, leaving the investor to make their choices on their own.

Full SIPPs

Full SIPPs offer the widest range of investment choices, including unlisted stocks and commercial property. Some full SIPP providers also give you access to an investment adviser.

The advice – and the broader investment options – mean that full SIPP fees are generally higher than lite SIPPs’ fees. When thinking about what to include in your SIPP, remember that you will need to maintain and manage your portfolio, so your financial circumstances and expectations are important.

Think about your level of investment experience, financial knowledge and confidence. Consider whether the provider offers a smaller fixed range of investments or a wider, more flexible portfolio.

Fees: How Much Do SIPPs Cost?

SIPPs are generally cheaper than private pensions because you are making the investment decisions yourself; however, they are not free.

Here are the main costs of investing in a SIPP for your retirement:

  • Account Costs (Custody Fees)

    This is the annual charge to cover running the SIPP. Typically this will be charged as a percentage of the value of your pension portfolio or as a flat fee. If a provider charges a percentage there will often be a cap on how much is charged monthly. interactive investor for instance charges a flat fee of £9.99 for pensions below £50,000.

  • Dealing Charges

    These apply to the buying and selling of share, funds and ETFs. The more active an investor you are, the lower these will be. Hargreaves Lansdown for instance will reduce share dealing commission from £11.95 to £5.95 if you had 20 or more share deals in the previous month.

  • Exit Fees

    These are the fees a SIPP platform will charge when you transfer out your pension. They are not as common as they used to be and some brokers may cover the cost of the fines if you transfer into them. For example, AJ Bell will pay up to £35 per investment moved and up to £100 to cover general exit fees, up to an overall maximum of £500 per person.

Tips to reduce your SIPP charges

You can reduce your SIPP charges by following these tips:

SIPP Provider FAQs:

Yes. Investing with a regulated SIPP provider is generally safe as UK regulators require SIPP providers to keep clients’ assets separate from their own money. This means that the assets cannot be taken by creditors if the firm goes bust. A SIPP trustee is an organisation that holds assets in a trust for the beneficiaries of the account. The trustees are responsible for ensuring that the account holder’s investments are secure. A SIPP administrator is an entity responsible for ensuring that a SIPP is run properly.

If a regulated SIPP provider fails, you will be covered by the Financial Services Compensation Scheme (FSCS). This protects up to £85,000 of your investment deposit per person per provider.

It’s important to understand, however, that investments within a SIPP come with risk. The FSCS won’t protect you if your SIPP investments fall in value.

To open and pay into a SIPP, you must be aged between 18 and 75 and either a UK resident or a Crown employee (or married to or in a civil partnership with a Crown employee). Those under the age of 18 are eligible for a junior SIPP.

You can have a SIPP alongside other pension accounts such as workplace pension schemes as well as other investment accounts such as ISAs. You’re allowed to have multiple SIPP accounts if you wish to.

Yes, with a Junior SIPP. SIPPs are available to those aged between 18 and 75. For those under the age of 18, junior SIPPs are available. With a junior SIPP, you can contribute up to £2,880 per year and contributions get 20% tax relief. The money is tied up until retirement age.

Another investment option for those under the age of 18 is the junior stocks and shares ISA. In this account, all investment gains and income are tax-free. The junior ISA has an annual allowance of £9,000.

Comparing the performance of different SIPP accounts is difficult because most SIPPs offer a wide range of investments and you’re in charge of investing your money. Additionally, the returns from investments within a SIPP such as shares, funds, and ETFs are uncertain and past performance doesn’t indicate future performance.

If your goal is to generate high returns from your SIPP, the key is to focus on the range of investments offered by the SIPP, as well as the fee structure, as these factors are the main determinants of a SIPP’s return potential.

Compared with a Lifetime ISA, the main advantages of a SIPP are that contributions come with tax relief, you can potentially contribute more than the £4,000 lifetime ISA allowance, and you can access your money at age 55 (versus age 60 or when you buy your first property for a lifetime ISA). The main disadvantages of a SIPP versus a lifetime ISA are that at age 55, you can withdraw only 25% tax-free. With a lifetime ISA, you can withdraw all your money tax-free at 60 or when you buy your first property.

When you put your SIPP into drawdown, you keep most of your pension invested, while making flexible withdrawals for income.

You can move your SIPP into drawdown when you turn 55. Once in drawdown, you can take up to 25% of your SIPP as a tax-free lump sum. You can then make withdrawals from the remainder of your pension balance that can be used for retirement income. These will be taxed at your normal rate.

With pension drawdown, you generally have a lot of flexibility. You have flexibility over the amounts you withdraw and the timing of the withdrawals. Also, you’re not locked into drawdown for life. At any time, you can use your pension savings to buy an alternative retirement income product such as an annuity.

To set up SIPP drawdown, you need to ask your SIPP provider to move your pension into drawdown mode. Normally, you have to complete a pension drawdown application form.

Some SIPP providers charge annual drawdown fees. Providers that currently charge for drawdowns include Aegon, AJ Bell, Halifax Share Dealing, interactive investor, and the Share Centre. SIPP providers that don’t currently charge annual fees for drawdown include Hargreaves Lansdown, Vanguard, and Fidelity.

Toggle Content

Because a SIPP is a retirement account, you can’t access money from it until you’re aged 55. In 2028, this will rise to 57. Once you turn 55, you can make withdrawals from your SIPP, but you can only withdraw 25% of your savings tax-free. Anything above this will count as income and be taxed at your normal rate.

Most SIPP providers don’t allow you to withdraw money before the age of 55. If they do, they will likely charge you a large fee for doing so. And HMRC will tax the funds withdrawn at a hefty 55%.

Picture of Richard Berry

Richard Berry

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. To contact Richard, please ask a question in our financial discussion forum.

Related SIPP Guides

Scroll to Top

Didn’t find what you were looking for?

Use our account finder to find your perfect account in less than 1 minute.

Get Started