SIPP charges

Trading Commission


£5

Quarterly admin charge

SIPP value of £50,000 or less – £22.50

SIPP value of more than £50,000 – £45

Invest for your retirement with IWeb

SIPPs are one of the most tax-efficient ways of investing for retirement. If you want a flexible pension that puts you in control, a SIPP could be right for you. 

Read more about our SIPP

Pensions are a long-term investment. The retirement benefits you receive from your pension account will depend on a number of factors including the value of your account when you decide to take your benefits which isn't guaranteed, and can go down as well as up. The value of your account could fall below the amount paid in. Tax treatment depends on individual circumstances and may be subject to change in the future.

Additional trading charges

International trades

When you buy or sell an international stock, the share price is converted into GBP. We adjust the exchange rate by 1.5% and keep the difference as our fee.

The exchange rate is provided by Digital Look and an indicative rate will be provided before you place your order. The rate applicable to the individual trade will be confirmed on the contract note once the trade is finalised.

Dividend reinvestment

Dividend reinvestment purchases are charged at 2% of the dividend value, and capped at a maximum of £5 per stock.

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  • We keep things simple with a quarterly admin charge based on the value of your SIPP. This charge is payable in arrears at the end of March, June, September and December, and applies for the lifetime of the SIPP.

    All charges are inclusive of VAT and will be deducted from the SIPP.

  • Annuity purchase

    £90

    Ad hoc statement or valuation (on request)

    £12.50

    Transfer in from another registered pension scheme

    £60 per plan (maximum £300)

    Transfer out to another registered pension scheme or a Qualifying Recognised Overseas Pension Scheme (QROPS)

    Free

  • Additional charges

    Flexi-access drawdown1

    £180 per annum

    Capped drawdown1

    Before age 75 - £180 per annum

    Age 75 onwards - £300 per annum

    Designate additional funds to drawdown / review income levels2

    £90

    Convert from capped drawdown to flexi-access drawdown

    £90

    Take an Uncrystallised Funds Pension Lump Sum (UFLPS) – a one-off payment

    £90

    CHAPS (same day payment)

    £30

    SIPP closure through drawdown or lump sums where the balance is reduced below £1,0003

    Within 12 months of opening - £300

    After 12 months - £90

    Payments on death or if your pension is to be split/shared as part of a divorce 

    Time/cost basis (typically between £250 and £500)

    1. This will become payable immediately where funds are designated to provide drawdown even if you elect to take "nil" income. Payable annually in advance.

    2. Payable each time you designate additional funds to drawdown, once your SIPP is in drawdown stage.

    3. We will be entitled to close your SIPP and return the remaining funds to you, after deducting our charges.

  • Fund Managers will charge various fees such as an ongoing charge or transaction fees, and details of these can be found within the Key Investor Information Document for each fund.

  • Stamp Duty

    When you buy a UK stock, you’ll pay a form of tax called Stamp Duty to the Government. Stamp duty is 0.5% of the value of the investments you buy (1% on Irish stocks) and you won’t pay any Stamp Duty on AIM stocks or Exchange Traded Funds.

    PTM Levy

    Any trade over £10,000 will also be liable for a levy of £1 which is paid to the Panel on Takeovers and Mergers (PTM).