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
Customer rating
4.3/5
- OfferFree for the rest of the tax year*
- 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 the ready-made pension plan free for a year. To get it, you need to open a Hargreaves Lansdown SIPP for the first time between 1 May 2026 and 1 July 2026. You need to invest in the ready-made plan, rather than choose your own investments.
- Offer details If you follow the above instructions, then there will be no account charge on your Hargreaves Lansdown Ready-Made Pension Plan holding until 30 April 2027. You can't open the SIPP by transferring existing pensions.
- 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
- Offerup 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%
- 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
- Offer You can get between £100 and £3,000 cashback when you open a personal pension by 30 September 2026. You need to deposit or transfer at least £20,000. The amount you'll get will depend on how much you deposit.
Freetrade SIPP
Customer rating
4.7/5
- 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
Customer rating
4.8/5
- Offer£0 platform fee and £0 subscription fee*
- Annual fee£0 with offer
- Trading feeVariable
- Minimum deposit£10
- FSCS Protected Yes. Your eligible deposits and investments may be protected by the Financial Services Compensation Scheme (FSCS). Protection is up to £120,000 per person, per firm. FSCS does not cover losses due to market performance.
- Interest on uninvested cash Yes (variable, see here for current rate)
- Investments available Quilter’s MyGoal funds
- Fractional shares Yes
- Trading fee Flat monthly fee
- Foreign exchange fee 0.40%. Other fees may apply.
- Transfer out fee None
- Fund fees Variable depending on the fund selected. See fund documentation for specific charges. Other fees may apply.
- Offer Open and fund a Quilter Invest account before 11:59pm on 30 November and receive £0 platform fee and £0 subscription fee. You need to use the code INVEST26 to get the offer. T&s apply. Other fees apply.
- Authorised and regulated by the Financial Conduct Authority Yes: FRN 955775
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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.
