SIPP
charges and interest rates
Open a SIPP today and enjoy 40% off your account charge
- Add at least £10,000 (cash or transfers) by 30 June 2025 to qualify
- Discounted charge applies between 1 July and 31 December 2025
- If you're transferring investments, your reduced charge will start once your transfer completes, and continue until 31 December 2025
Need more time to apply to transfer? Contact our Helpdesk. Full terms apply.
| Investment type | Investment value | Reduced charge | Standard charge |
|---|---|---|---|
| Funds | under £250k | 0.27% | 0.45% |
| £250k - £1m | 0.15% | 0.25% | |
| £1m - £2m | 0.06% | 0.10% | |
| Over £2m | 0.00% | 0.00% | |
| Other investments | Flat max charge | 0.27%* | 0.45%** |
*Capped at £10pcm
**Capped at £16.66pcm
Annual account charges
It's free to set up an HL SIPP, and our yearly charge for holding investments is never more than 0.45%. There’s no charge for inactivity or for holding cash.
You can see the interest rates paid on any cash held in a SIPP here.
Funds
| Value of funds | Charge |
|---|---|
| Under £250k | 0.45% |
| £250k - £1m | 0.25% |
| £1m - £2m | 0.1% |
| over £2m | No charge |
Other investments
Including UK and overseas shares, investment trusts, exchange-traded funds, VCTs, gilts and bonds.
Example of account charges
Based on the 0.45% account charge, if you invest £40,000 in funds and £20,000 in shares, your account charge would be £22.50 per month*.
| Monthly charge | |
|---|---|
| £40,000 in funds | £15 |
| £20,000 in shares | £7.50 |
| £22.50 total (funds + shares) |
Important note about charges
The investments you choose may have their own charges, such as charges from a fund manager. These are in addition to our account charges. You can find these in each investment’s key investor information. A bid/offer spread may also apply - see our Guide to Fund Prices for details.
If you have more than one account, for example a SIPP account and a SIPP drawdown account, any charges on those accounts will be treated separately.
Dealing charges
Fund dealing
Includes unit trusts and open-ended investment companies (OEICs). There’s no dealing charge for buying or selling funds.
Share dealing – online and mobile app
Including UK and overseas shares*, investment trusts, exchange-traded funds, gilts and bonds.
| Number of deals in previous month | Charge per deal |
|---|---|
| 0-9 | £11.95 |
| 10-19 | £8.95 |
| 20+ | £5.95 |
*There’s an added foreign exchange charge for overseas share deals, depending on deal size. See our overseas share dealing page for details.
Automatic reinvestment
If you’d like any share income automatically reinvested, we’ll reinvest your income when it reaches £10 per holding or the amount you choose. There’s no charge for this.
Financial advice
The charges above don’t include the cost of any advice you might need. If you need financial advice, our adviser would agree this cost with you separately.
Other charges
Other charges may apply in specific circumstances - see the terms and conditions for details.
How to pay charges
There’s no need to remember to make any payments – we’ll automatically take our charges each month. You’ll need to keep cash in your account to pay any charges – there is a suggested minimum cash balance based on the size of your SIPP, but you can hold as much cash as you like.
FAQs
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Help and support
Take a look at our most frequently asked questions for quick answers.
If you need more assistance or have specific questions, please contact us.