SIPP charges

UK trading



£5 per trade

International trading


£0 (Foreign exchange charges apply)

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

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

Additional trading charges

International trades

When you buy or sell an international stock, the price is converted into GBP and we don’t charge you any dealing commission for international trading. 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


    Ad hoc statement or valuation (on request)


    Transfer in of another registered pension scheme

    £60 per plan (maximum £300)

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


  • 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


    Convert from capped drawdown to flexi-access drawdown


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


    CHAPS (same day payment)


    SIPP closure through drawdown or lump sums where the balance is reduced below £1,000


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


    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.

  • 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).

Dealing and stock broking administration services are provided by the IWeb Share Dealing Service which is operated by Halifax Share Dealing Limited. Registered in England and Wales No. 3195646. Registered Office: Trinity Road, Halifax, West Yorkshire HX1 2RG. Authorised and regulated by the Financial Conduct Authority under registration number 183332. A Member of the London Stock Exchange and an HM Revenue & Customs Approved ISA Manager.