With a long-term investment like a pension, charges can eat into your returns and reduce the amount of money you have left for retirement. We keep our charges low, while also giving you the freedom and choice to build a pension that suits your needs.
The Best SIPP is designed for people looking to invest at least £10,000 through any combination of one-off investments, regular contributions or transfers from other providers, over a short time frame.
SIPPs are not suitable for everyone. They may not be right for you if you don’t want to invest across different asset classes or don’t think you will make use of the investment choices available to you. Please contact us for guidance or advice if you are unsure.
What are the SIPP service fees?
We have a tiered structure for our Best SIPP annual management charges, so you pay a lower percentage for larger investments.
Our SIPP has a minimum service fee of £10 per month (£120 per year), excluding Junior SIPPs.
Ready-made Portfolios and US shares
| Investment value | Service fee |
| Up to £250,000 | 0.2% |
| £250,000 - £500,000 | 0.2% |
| £500,000 - £1,000,000 | 0.1% |
| Over £1,000,000 | No charge |
Other investments
| Investment value | Service fee |
| Up to £250,000 | 0.4% |
| £250,000 - £500,000 | 0.2% |
| £500,000 - £1,000,000 | 0.1% |
| Over £1,000,000 | No charge |
Great value for money
It is free to open a Best SIPP account or transfer pensions from elsewhere. We’ll also pay you up to £500 towards any exit fees your current providers charge (see our terms and conditions). There is nothing to pay for fund dealing and no initial charges on almost all funds. We make all of our fees clear so when you invest with us you can see exactly what you are paying for.
Before you consider transferring a pension, it is important to ask yourself:
- Will I lose any valuable benefits or features from my existing pension plan?
- Will I incur any penalties on my existing pension if I transfer?
- Is it an occupational final salary pension scheme? (in which case it is very unlikely to be advisable to transfer)
- Have I considered the charges on my current plan? (a new arrangement may be more expensive – especially if you have a stakeholder pension).
- Have I checked the investment options available and whether I need the wider choice offered by a SIPP as a new arrangement may be more expensive?
- If the pension is an employer-related plan, have I checked if the employer will cease to pay in benefits if it is transferred elsewhere?
We do not accept transfers from employer pension schemes that contain any type of defined benefit or guarantee unless your financial adviser has recommended you to do the transaction.
How can I open a Best SIPP?
Opening a Best SIPP is as easy as completing a short online form. If you’d prefer you can fill out the paper application forms or call our experts and they will be happy to guide you through the process. You can open your pension by paying in a lump sum, setting up regular savings or transferring other pensions**.
Speak to an expert
Find out more about our Best SIPP and its charges by contacting our experts:
