SIPP.


Trade from £2 dealing commission with our regular investment service

  • Low cost trading of £12.50
  • No initial charges on any funds.
  • Up to 45% tax relief for additional rate taxpayers.

Reduced dealing commission

Watch out for Commission Countdown.

All our customers benefit from reduced dealing commission (£3.95 per online trade) on UK and international stocks during monthly offer periods.

What is a SIPP?

A SIPP is a self-managed pension. Put simply, it’s a retirement plan which lets you decide where to invest your money. It helps you buy, sell, or hold a wide range of funds, UK and international shares and much more.

Our SIPP is provided by AJ Bell.

Quarterly account charge (SIPP value of £50,000 or less) £22.50
Quarterly account charge (SIPP value of more than £50,000) £45
Real-time online trades
£12.50 dealing commission per trade
Scheduled regular investments £2.00 dealing commission per trade

Why should I open a SIPP?

SIPPs are one of the most tax-efficient ways of saving for retirement and you can invest up to the annual allowance for tax relievable pension contributions, currently £40,000. 

  • Receive up to 45% tax relief on your contributions.
  • Take up to 25% of your pension fund as a tax-free lump sum from the age of 55.
  • Pay no Capital Gains Tax or Income Tax on your pension investments.

SIPPs and tax relief

  • You will automatically receive 20% in basic rate relief paid to your SIPP.
  • If you are a higher/additional rate tax payer you can then claim an additional 20% or 25% (depending on your tax rate) via your tax return.
  • Even if you don’t pay tax, you can make contributions up to £3,600 a year including tax relief, so you would put in £2,880 and HM Revenue & Customs (HMRC) would add a further £720 directly into your SIPP.
Tax relief table

Basic rate tax payer (20%)

Higher rate tax payer (40%)

Additional rate tax payer (45%)

Your investment

£800

£800

£800

Tax relief automatically received

£200

£200

£200

Tax relief claimed through annual tax return

N/A

£200

£250

Your investment


Basic rate tax payer (20%)

£800

Higher rate tax payer (40%)

£800

Additional rate tax payer (45%)

£800

Tax relief automatically received


Basic rate tax payer (20%)

£200

Higher rate tax payer (40%)

£200

Additional rate tax payer (45%)

£200

Tax relief claimed through annual tax return


Basic rate tax payer (20%)

N/A

Higher rate tax payer (40%)

£200

Additional rate tax payer (45%)

£250

Tax treatment depends on personal circumstances and may be subject to change.


Interest rates

Our SIPP follows the Bank of England Base Rate meaning we will pay 0.75% interest (gross) on any cash balance of £1 or above held in the account.



Transfer your existing SIPP to us

  • Complete our application pack (which includes a transfer form).
  • We’ll text you with any updates until your transfer is completed.
  • Transfers take around 6 - 8 weeks.

Helpful information about SIPPs

If you have any more questions about our SIPP, you can find out more on SIPP help.

The value of an investment can fall as well as rise, and you may get back less than you invest. If you are not sure about investing, seek independent advice. SIPPs are a pension product and you will not be able to withdraw your funds until you reach the age of 55.


Apply for a SIPP

Before you apply for an account please make sure you’ve completed our checklist:

Apply now

FSCS Logo

Pension guidance

Guidance on your options is also available from the Money and Pensions Service, a free and impartial government service. It is not intended to be a substitute for financial advice. More information can be found at https://www.pensionwise.gov.uk/

The value of an investment can fall as well as rise, and you may get back less than you invest. If you are not sure about investing, seek independent advice. SIPPs are a pension product and you will not be able to withdraw your funds until you reach the age of 55.


Pension guidance

Guidance on your options is also available from the Money and Pensions Service, a free and impartial government service. It is not intended to be a substitute for financial advice. More information can be found at https://www.pensionwise.gov.uk/


AJ Bell Management Limited is the Scheme Administrator of the Halifax Share Dealing SIPP. AJ Bell Management Limited is registered in England No. 3948391. Registered Office: AJ Bell Management Limited, Building 4, Exchange Quay, Salford Quays, Manchester, M5 3EE.

Authorised and regulated by the Financial Conduct Authority and on the FCA register under FCA registration number 211468. Sippdeal Trustees Limited is a wholly owned subsidiary of AJ Bell Management Limited, registered in England No. 4050222. Registered Office: AJ Bell Management Limited, Building 4, Exchange Quay, Salford Quays, Manchester, M5 3EE. Sippdeal Trustees Limited does not conduct any regulated activities, and is, therefore, not regulated.

Dealing and stock broking administration services are provided by Halifax Share Dealing Limited. Registered in England and Wales no. 3195646. Registered Office: Trinity Road, Halifax, West Yorkshire, HX1 2RG. Authorised and regulated by the Financial Conduct Authority, 12 Endeavour Square, London, E20 1JN under registration number 183332. A Member of the London Stock Exchange and an HM Revenue & Customs Approved ISA Manager.