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ii SIPP

Open a SIPP

Transfer my pension

Switch your pension to our low-cost SIPP and you could have thousands more in retirement.

View offerHow to transfer
6 months free - SIPP/Which

Please remember, SIPPs are aimed at people happy to make their own investment decisions. Investment value can go up or down and you could get back less than you invest. You can normally only access the money from age 55 (57 from 2028). We recommend seeking advice from a suitably qualified financial advisor before making any decisions. Pension and tax rules depend on your circumstances and may change in future. 

Add a SIPP and get 6 months free

Thinking about adding a SIPP to your plan? Now could be the time with our latest offer: pay nothing extra for the first 6 months.

Offer ends 30 November 2024. Other charges apply. Terms apply.

6 months free - SIPP/Which

Check before you transfer​​

A SIPP is for those wanting to make their own investment decisions when saving for retirement. As investment values can go down as well as up, the amount you retire with could be worth less than you invested. Usually, you won’t be able to withdraw your money until age 55 (57 from 2028).

Before transferring your pension, check if you’ll be charged any exit fees and make sure you don't lose any valuable benefits such as, guaranteed annuity rates, lower protected pension age or matching employer contributions. If you’re unsure about opening a SIPP or transferring your pension(s), please speak to an authorised financial adviser. Please don't rush into transferring your pension to our SIPP within this offer period. We regularly run offers and there will be another opportunity to claim one.

Not sure how to invest in your SIPP?

The ii SIPP Selected Growth Option is an optional low-cost investment that our team of experts has carefully selected to match common goals when investing for retirement. 

Explore the selection
interactive investor SIPP Selected Growth Option

How to transfer your pension to our SIPP

You will need your National Insurance number and details of the pension(s) you want to transfer.

Once you’ve transferred, why not take a look at our experts' investment ideas?

1

Open an ii SIPP account

It only takes a few minutes.

Open a SIPP
2

Start your transfer online

You can do this while opening your account - or you can log in and transfer at any time.

3

We will do the rest

We'll work with your current providers and keep you updated.

Things to consider before you transfer

Please check that you won’t lose any safeguarded benefits if you transfer. This could include guaranteed annuity rates or lower protected pension age than the Normal Minimum Pension Age (rising from 55 to 57 in 2028).

Please also check any transfer-out fees. Please note that if you plan to hold both drawdown and non-drawdown pots in your ii SIPP, you cannot allocate specific investments to each pot separately. This means that the value of each pot will change in line with the overall performance of all the investments held in your SIPP.

Before transferring, we recommend seeking advice from a suitably qualified financial advisor or free, impartial pension guidance from MoneyHelper or (if you are 50 or over) Pension Wise.

Useful information about your transfer

Why transfer your pension to the ii SIPP?

  • Low cost - we charge a low, flat fee. Most providers charge a percentage fee that grows with your pension. Learn more
  • Convenience - if you transfer your other pensions to our SIPP, you'll be able to see everything in one place, and pay just one monthly fee. Learn more
  • Choice - we offer the widest choice of investments on the market.
  • Flexible retirement options - when you reach 55 (57 from 2028), we provide a range of options for taking an income from your pension. Unlike many other providers, there is no extra charge for this. Learn more
  • Security - your pension is safe with us. Your money is always kept separate from our own, and we are fully FSCS protected. Over 400,000 people trust us with their pensions and other investments.
Case study quote

Combining your pensions into a SIPP can make admin easier, as you won’t have to deal with lots of different providers from former workplace schemes. Plus, a SIPP offers a wide choice of investments, if you want more control over where your money is invested than you typically have with traditional pensions.

Our low, flat fees can also add up to a lot of savings in the long run. However, it’s important that you check whether you would lose any safeguarded benefits or pay any additional fees before moving your pension, as well as the level of your current monthly fees.

Victoria Scholar – Head of Investment

SIPP charges at a glance

If you are on our Investor Essentials plan you can add a SIPP for £5 plus your existing monthly fee. You will then pay £9.99 a month and can invest up to £75,000 across your accounts.  

Invest more than £75,000 and you will move onto Investor + SIPP for £21.99.

  • If you want to invest each month you can contribute as little as £25 a month with our regular investing service. There are no trading fees when you contribute this way.
  • If you want to buy or sell shares and funds, trades usually cost £3.99.
  • There are no extra charges for taking money out of your pension.
  • There are some other fees for things like foreign currency exchange and Stamp Duty on shares. View our full charges
SIPP Comparison Graph

*We've crunched the numbers: If you invested in our SIPP, after 30 years you could be better off by £85k. That's more than £1,000 difference a year, just for using us over another platform. Lots of things can affect your final figure. But the lower the fees, the more money you'll keep for yourself. This is just for illustration if all other factors were the same. Don't just take our word for it: check our working out here.