Best SIPP Providers in the UK: Costs, Investment Options & Minimum Deposits

4 min read

A Self-Invested Personal Pension (SIPP) is a flexible retirement savings option that allows individuals to choose and manage their own investments. Whether you’re looking for low-cost platforms, robo-advised SIPPs, or full investment control, selecting the right provider is essential.

This guide covers leading SIPP providers, their costs, investment options, and minimum deposit requirements to help you make an informed decision.

1. AJ Bell Youinvest SIPP

✔ Best for Low Fees & Small Pension Pots – Competitive pricing for funds and equities.
✔ Investment Options – Stocks, ETFs, funds, bonds, investment trusts.
✔ Fees – 0.25% platform fee, reducing for larger portfolios. £10 per month for equities.
✔ Minimum Investment – £500 lump sum or £25 per month.

2. Interactive Investor SIPP

✔ Best for Large Portfolios – Flat fees make it cost-effective for high-value SIPPs.
✔ Investment Options – Stocks, ETFs, funds, investment trusts.
✔ Fees – £5.99 to £12.99 per month, depending on plan.
✔ Minimum Investment – £25 per month.

3. Vanguard SIPP

✔ Best for Low-Cost Investing – Simple, low-cost SIPP limited to Vanguard funds.
✔ Investment Options – Vanguard index funds and ETFs.
✔ Fees – 0.15% platform fee, capped at £375 per year.
✔ Minimum Investment – £500 lump sum or £100 per month.

4. Fidelity SIPP

✔ Best for Beginners – Offers a wide range of investment options with strong customer support.
✔ Investment Options – Stocks, ETFs, funds, bonds, investment trusts.
✔ Fees – 0.35% platform fee, reducing for larger portfolios.
✔ Minimum Investment – £50 lump sum or £25 per month.

5. Moneyfarm SIPP

✔ Best for Robo-Advised Investing – Automated portfolios tailored to risk levels.
✔ Investment Options – Managed portfolios, including ethical investments.
✔ Fees – 0.75% for fully managed portfolios, reducing for larger investments.
✔ Minimum Investment – £500 lump sum or £100 per month.

6. InvestEngine SIPP

✔ Best for ETF Investing – Low-cost platform focused on ETFs.
✔ Investment Options – Exchange-Traded Funds (ETFs).
✔ Fees – No platform fee, only fund charges.
✔ Minimum Investment – £100 lump sum or £25 per month.

7. Nutmeg SIPP

✔ Best for Hands-Off Investing – Automated portfolios tailored to risk levels.
✔ Investment Options – Robo-advised portfolios, ethical investments.
✔ Fees – 0.75% for fully managed portfolios, reducing for larger investments.
✔ Minimum Investment – £500 lump sum or £100 per month.

8. Freetrade SIPP

✔ Best for Active Traders – Low fees for larger pension pots over £80k.
✔ Investment Options – Stocks and ETFs (no funds).
✔ Fees – £11.99 per month, fixed.
✔ Minimum Investment – £0 (no minimum deposit required).

9. Halifax Share Dealing (HSDL) SIPP

✔ Best for Stock & Bond Investors – Wide range of assets for active traders.
✔ Investment Options – Stocks, ETFs, bonds, gilts, investment trusts.
✔ Fees – 0.25% annual SIPP admin charge, capped at £16.50 per month.
✔ Minimum Investment – £1, with flexible contributions.

Updated SIPP Provider Comparison Table

Provider	Fees	Investment Options	Minimum Investment	Best For
AJ Bell Youinvest	0.25% platform fee + £10/month for equities	Stocks, ETFs, funds, bonds, investment trusts	£500 lump sum / £25 per month	Low fees & small pension pots
Interactive Investor	£5.99 to £12.99 per month	Stocks, ETFs, funds, investment trusts	£25 per month	Best for large portfolios
Vanguard	0.15% platform fee (capped at £375/year)	Vanguard index funds & ETFs	£500 lump sum / £100 per month	Low-cost investing
Fidelity	0.35% platform fee (reduces for larger portfolios)	Stocks, ETFs, funds, bonds, investment trusts	£50 lump sum / £25 per month	Beginner-friendly
Moneyfarm	0.75% for fully managed portfolios	Robo-advised portfolios, ethical investments	£500 lump sum / £100 per month	Robo-advised investing
InvestEngine	No platform fee, fund charges only	ETFs	£100 lump sum / £25 per month	Low-cost ETF investing
Nutmeg	0.75% for fully managed portfolios	Robo-advised portfolios, ethical investments	£500 lump sum / £100 per month	Hands-off investing
Freetrade	£11.99 per month (fixed)	Stocks & ETFs (no funds)	£0 (no minimum deposit)	Active traders
Halifax Share Dealing (HSDL)	0.25% annual SIPP admin charge (capped at £16.50 per month)	Stocks, ETFs, bonds, gilts, investment trusts	£1	Stock & bond investors

Disclaimer: We strive to keep our pricing and provider information as accurate as possible, but costs and fees may change. Please verify the latest details directly with the provider before signing up.