Investment providers often give cashback incentives for opening a new SIPP and funding your account, especially with a new tax year
Pensions typically hold a fair amount of money, so providers are keen to get you to invest with them or transfer your investments over to them. These offers mostly offer cashback when you open and fund a new account.
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SIPP offers
These are offers to tempt you to sign up for a new SIPP or transfer existing ones. There may be a minimum amount you need to add in order to get the bonus, and sometimes the amount you’ll get will be determined by the amount you fund the account with. Remember, we’re just sharing offers here and not recommending any individual investment platforms, so do your research before applying.
SIPP offers
InvestEngine SIPP
Customer rating
4.8/5
- OfferCashback between £25 and £5,000*
- Annual fee£0
- Trading fee£0
- Minimum deposit£100
- FSCS Protected? Yes
- Interest on uninvested cash None
- Investments available With InvestEngine, you can't invest in individual investments. You can choose between a range of exchange-traded funds (ETFs) to build your portfolio
- Fractional shares Not available
- Trading fee £0
- Fund fees When you invest in funds you'll also have to pay fund fees between 0.03% and 0.89%, depending on which ones you choose
- Foreign exchange fee Not applicable
- Transfer out fee None
- Offer details New customers can get cashback for a new SIPP when you top up or transfer over at least. £5,000. You can get £25 to £5,000 in cashback, with the amount you get depending on how much you top up or transfer. You need to opt into the promotion on the homepage to get the cashback.
Hargreaves Lansdown SIPP
Customer rating
4.6/5
- OfferGet up to £4,000 cashback*
- Annual fee0.35%
- Trading fee£6.95
- Minimum deposit£0
- FSCS Protected? Yes
- Interest on uninvested cash 3.75%
- Investments available Shares, funds, exchange-traded funds, investment trusts, venture capital trusts, gilts, bonds, IPOs
- Fractional shares No
- Trading fee It costs £1.95 to buy and sell funds, or there's no charge for regular investing by Direct Debit. For shares, it costs £6.95 if you made up to 19 trades in the previous month, £3.95 if you made more than 20 trades in the previous month, and no charge if you regularly invest via Direct Debit
- Fees The annual fee depends on how much you invest. Investments up to £250,000 are charged at 0.35%, between £250,000 and £1m is charged at 0.25%, and between £1m and £2m is charged at 0.1% and anything over has no charge,
- Foreign exchange fee 1%
- Fund fees If you invest in funds, you'll have to pay fund fees depending on the funds you choose
- Offer New Hargreaves Lansdown customers can get up to £4,000 cashback when you open and fund a SIPP. The amount you'll get depends on how much you fund your SIPP with — £10,000 funded will get you £75 cashback, while £1m funded will get you £4,000 cashback.
- Offer details You need to sign up for this offer using an online form, by sending a Secure Message, or by calling Hargreaves Lansdown. You need to fund your SIPP by 5 April 2026 to get the cashback, but you can ask for an extension for transfers, which will give you until 5 July. You must keep the money in your HL SIPP until 28 February 2027 to qualify for cashback. The cashback will be paid in March 2027
- Transfer out fee None
- Authorised and regulated by the Financial Conduct Authority Yes: FRN 115248
- Risk warning Capital at risk. The value of your investments may go up or down
Customer rating
4.2/5
- Offer£100 to £3,000 cashback*
- Monthly fee£5.99 per month
- Trading fee£3.99 per trade
- Minimum deposit£25 per month
- FSCS Protected? Yes
- Interest on uninvested cash 1.71%
- Investments available Shares, funds, exchange-traded funds, investment trusts, bonds, gilts, and sustainable funds. You can also choose ready-made portfolios
- Fractional shares No
- Trading fee £3.99 per trade for UK and US shares, funds and exchange-traded funds. Other international shares cost £9.99 per trade
- Foreign exchange fee 0.75%
- Transfer out fee None
- Fund fees If you invest in funds, you'll have to pay fund fees between 0.03% and 1.5%
- Offer You can earn between £100 and £3,000 cashback when you open an account and fund your SIPP with at least £20,000. The amount you'll get will depend on how much you fund your account with, so if you add £20,000, you'll get £100 cashback.
- Offer details To get the cashback, you just need to open a personal pension, stocks & shares ISA or a trading account and fund it with at least £20,000 by 5 April 2026. You need to keep the money in the account for at least 12 months. The cashback is paid within 30 days of you funding the account
- Authorised and regulated by the Financial Conduct Authority Yes: FRN 141282
- Risk warning Capital at risk. The value of your investments may go up or down
Freetrade SIPP
Customer rating
4.9/5
- OfferUp to £5,000 cashback
- Annual fee£0
- Trading fee£0
- Minimum deposit£0
- FSCS Protected? Yes
- Interest on uninvested cash 1% on up to £1,000
- Investments available Shares, exchange-traded funds, gilts, funds, treasury bills, investment trusts, REITs
- Fractional shares Yes
- Trading fee £0
- Foreign exchange fee 0.99%
- Transfer out fee None
- Fund fees If you invest in funds, you'll have to pay fund fees depending on the funds you choose
- Offer If you fund your SIPP by at least £10,000 (or transfer it in from existing pensions) by 5 April 2026, then you can get 1% cashback on the amount transferred, up to a maximum of £5,000
- Authorised and regulated by the Financial Conduct Authority Yes: FRN 783189
- Risk warning Capital at risk. The value of your investments may go up or down
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What is a SIPP?
A self-invested personal pension is a type of pension that you can open and pay into yourself. You have the freedom to choose what you want to invest in.
We have a full guide on SIPPs where I’ve outlined all the reasons why you might choose to invest in a SIPP, the fees involved and compare the best SIPP providers.
