Coronavirus - we're here to help
From how to access your account online, scam awareness, your wellbeing and our community we're here to help.

Skip to main content
  • Register
  • Help
  • Contact us
  • Log in to HL Account

How much does a Bed & SIPP cost?

The charges involved with a Bed & SIPP depend on whether you are using funds, or shares and other investments.

Funds (Unit Trusts/OEICS)

There are no dealing charges for carrying out a Bed & SIPP on a fund (Unit Trust or OEIC). However, due to the way funds are dealt, in most cases the re-purchase will not be placed until the following working day.

As a result, you could be out of the market whilst the sale and repurchase is carried out. There may also be a difference between the selling and buying prices and as a result you may buy back fewer units than you sell.

Shares and other investments

Providing you give your Bed & SIPP instruction online or in writing, we will not charge you to sell your shares (we do reserve the right to charge £5 share dealing commission on share sales of less than £500).

The only charge will be on the re-purchase within the SIPP, and will be subject to our standard dealing commission as laid out below:

Online applications

For online instructions, the charge for your repurchase will be between £5.95 and £11.95 per deal depending on the number of trades you have placed in the previous month.

Postal applications

1%, minimum £20, maximum £50 per deal + 0.5% government stamp duty.

Once in the HL SIPP, the annual management charge to hold shares is just 0.45% (maximum £200 p.a.).

You only need to give us one instruction and we will do everything for you. If you would like to use investments in your Fund and Share Account and you have online access, you can Bed & SIPP your investments online.

Alternatively, if you hold certificated shares, or would just prefer to apply by post, please complete and return the relevant Bed & SIPP application form.

When buying the same shares back there will be a small difference in price due to the bid offer spread. Therefore together with the commission and stamp duty this means you will not buy back the same number of shares.

Please note: We reserve the right to charge £5 commission on share sales of less than £500. When buying the same shares back there will be a small difference in price due to the bid offer spread. Therefore, together with the commission and stamp duty this means you will not buy back the same number of shares as you sold.


Find out more about the Bed & SIPP process

Download a Bed & SIPP application form

Still need help?

Contact us

Email us