Compare Interactive Investor SIPPs

Interactive Investor Pensions logo
  • You decide how and where your pension is invested
  • Choose from a wide range of investment options including shares, funds and investment trusts
  • Monthly fixed fee, however your pension pot grows
Browse Interactive Investor Pensions FAQs

The value of a pension can rise and fall, as such your capital is at risk and you may get back less than you invest. Past performance is no guarantee of future results. Standard pension rules apply.

Compare Interactive Investor Pensions

  • Interactive Investor logo

    Interactive Investor

    • Min Investment
      No minimum
    • Investment Type
      Self Select
    • Annual Fees
      £239.88
      Buy/sell fees apply
    • Open or Transfer
      Both
    • Access
      App, Online & Telephone

Other pension providers

  • PensionBee logo

    PensionBee

    • Min Investment
      No minimum
    • Investment Type
      Managed
    • Annual Fees
      0.28% to 0.95%
    • Open or Transfer
      Both
    • Access
      App, Online & Telephone
  • AJ Bell logo

    AJ Bell

    • Min Investment
      £500
    • Investment Type
      Self Select
    • Annual Fees
      Custody charges 0% to 0.25%
      Buy/sell fees apply
    • Open or Transfer
      Both
    • Access
      App, Online & Telephone
  • Hargreaves Lansdown logo

    Hargreaves Lansdown

    • Min Investment
      Lump sums: £100
      Monthly: £25
      Transfers: £1,000
    • Investment Type
      Self Select
    • Annual Fees
      Up to 0.45%
      Other fees may apply
    • Open or Transfer
      Both
    • Access
      App, Online, Telephone & Post
  • Fidelity logo

    Fidelity SIPP (Self-Invested Personal Pension)

    • Min Investment
      Lump sums: £800
      Monthly: £20
      Transfers: £1,000
    • Investment Type
      Self Select
    • Annual Fees
      Up to 0.35%
      Other fees may apply*
    • Open or Transfer
      Both
    • Access
      App, Online & Telephone

This table is initially ranked by commercial agreements in place with the providers. This does not constitute advice or recommendation for any firm featured. The table can be reordered A-Z.

A firm's Annual Fee alone is not representative of the total fees you will incur. Fee structures between providers vary greatly. Some bundle their investment costs with the annual fee they charge, whilst for others this is separate. Other providers charge a fixed fee or may charge on a percentage amount. Percentage based fees can be impacted by tiering where you receive a discount on the fee charged on a portion of your balance in excess of a predefined threshold. You should always check the fees that will be charged based on your own situation and investment choice.

Nerdwallet UK does not provide advice or recommendations in respect of the suitability of pensions or firms that operate within the pensions sector. The content of this page is simply informative and presented to give you an overview of a selection of firms that may be able to help further regarding pensions requirements, depending on your personal circumstances.

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Last updated on 15 July 2021.

Interactive Investor Pensions FAQs

What is Interactive Investor?

Interactive Investor is an online investment service founded in 1995. It has over 350,000 customers and is the UK’s second-biggest online investment services provider. It’s majority-owned by funds advised by J.C. Flowers & Co., a private equity firm.

How does an Interactive Investor SIPP work?

A self-invested personal pension (SIPP) is a type of personal pension that holds your investments until you retire and start drawing a retirement income. The key difference between SIPPs and standard personal pensions is that SIPPs offer more control and flexibility by letting you choose how and where your pension is invested, from a wider range of options.

An Interactive Investor SIPP lets you manage your funds through an online account. You’ll start with its Investor Service Plan but if you want to build a portfolio of funds or make more regular investments, you can upgrade to the Funds Plan or Super Investor Plan later on.

You can choose from more than 40,000 investments and get a free trade every month to buy and sell investments.

You can make personal contributions via your online account by debit card or internal transfer. Once you’re 55, or 57 from 2028, you’ll be able to access your withdrawal options.

Can I transfer my pension to an Interactive Investor SIPP?

An Interactive Investor SIPP accepts transfers from most types of pension. Whether you’re looking to transfer your pension to consolidate a number of pensions or just to get a better deal on your current pension, if you transfer your pension to Interactive Investor, there’s no transfer fee, and it’s free to leave, too.

However, before you switch, check if your current provider charges exit fees to transfer out, and also consider any safeguarded benefits, like guaranteed annuity rates that you might lose. If it’s a workplace pension with your employer, you’ll also want to check they’ll contribute the same to the new scheme.

How do I transfer my pension to an Interactive Investor SIPP?

To transfer your pension from another provider, have your national insurance number handy, along with the details of the pension you’re looking to transfer.

Once you have opened a SIPP account online you can start your transfer. Interactive Investor will deal with your current provider, keeping you updated throughout, and you can contact them via secure message if you have any questions.

How do I access my Interactive Investor SIPP?

To access your Interactive Investor SIPP, log in to your online account, or use their mobile app for iPhone or Android. You can trade, get quotes and manage your portfolio whenever you like.

What investment choices do I have with an Interactive Investor SIPP?

You can choose from shares, funds, investment trusts and exchange traded funds (ETFs). For a more ready-made portfolio or help with picking investments that match your style and interests, Interactive Investor offers expert-picked investment lists, quick-start funds and model portfolios.

What are the Interactive Investor SIPP fees and charges?

When you open a SIPP with Interactive Investor, you pay a flat monthly fee, rather than a percentage fee on the total investment amount. This is made up of a service plan fee and a SIPP fee. You’ll also be able to access its Stocks and Shares ISA, Junior ISA and Trading Account at no extra cost.

You get a free trade each month, where you can buy or sell investments with no trading fees. When your SIPP moves into drawdown, there are no additional fees to pay.

There are some activity-based charges for foreign currency exchange and stamp duty, for example, which you’ll find detailed on its rate card, along with charges for each service plan.

Am I eligible for an Interactive Investor SIPP?

If you’re over 18, you can open a SIPP, provided you’re a UK resident. Non-UK residents can hold one, but you need to be a UK taxpayer to get tax relief on your contributions.

When you’re aged 55, or 57 from 2028, you can access your retirement funds using your preferred withdrawal options.

Where can I find Interactive Investor reviews?

You can read what its customers think on Trustpilot and other review sites, and you’ll find customer testimonials on its website.

What happens to my Interactive Investor SIPP when I die?

A SIPP isn’t usually considered part of your estate. You can pass SIPP funds to your loved ones when you die, and split it between beneficiaries. They can choose if they want to receive their benefits as a lump sum, or draw an income from the fund.

You can name your beneficiaries and the percentage you’d like them to receive by filling in the expression of wishes form. Though this isn’t legally binding, it’s used as a guide by the scheme’s trustees.

If you die before you’re 75 and the funds are transferred within two years, they will be passed to your beneficiaries, tax-free. If you die after your 75th birthday, the funds will be liable for income tax.

Should I get advice when transferring my pension?

Transferring pension funds may mean losing benefits, so if you’re in any doubt, take professional advice from a regulated financial adviser, so you know it’s in your best financial interests. You can also get free government guidance through Pension Wise.

If you’re switching from a defined benefit pension that’s worth more than £30,000, or a defined contribution pension worth more than £30,000 that has a guarantee about retirement payments, you must get financial advice before going ahead with a transfer.

It’s important to be aware that the value of your investments can go up or down, and you could get back less than you invest.

Transferring pension funds may mean losing significant benefits. If in doubt, always seek qualified, professional advice. Services offered by this provider may change over time. Always check Ts&Cs.