Which Is The Best SIPP Provider?

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Saving for your future through a Self-Invested Personal Pension (SIPP) is a great idea for many, but which is the best SIPP provider? In this guide we round up the best SIPP providers in the UK.

Our team of finance professionals has tested a range of SIPP providers and come up with the best SIPP platforms for different needs.

Look at our winners below, then read on for all you need to know about SIPPs and SIPP providers.

Best SIPP Provider – Our Overall Winner

Our overall best SIPP provider based on investment choice, costs and customer feedback.

AJ Bell

For its huge range of investments and low pricing, AJ Bell is our top pick for best SIPP. 

There are thousands of shares, mutual funds, Exchange Traded Funds (ETFs), investments trusts and bonds to choose from. Plus, 4 ‘Starter portfolios’ if you don’t want to pick your own investments.

AJ Bell is also known for its excellent customer service and it has the highest Trustpilot rating of the SIPP providers in this guide at 4.8, as well as being a 5x Which? Recommend Provider for Investment Platforms.

Capital at risk if you invest. FCA regulated and FSCS protected.

Best SIPP Provider for Passive Investing

If you don’t want to manage your own investments, these are our top picks for the best SIPP providers for passive investing.


If you want professionals to take care of your SIPP investments for you, then Moneyfarm is our top pick for passive investing.

Moneyfarm has one of the best performance track records of the main robo-advisors combined with low charges which reduce as your pension pot grows.

Free guidance from investment consultants, great customer service and socially responsible options also make it a great choice for your SIPP.

Capital at risk if you invest. FCA regulated and FSCS protected.

Hargreaves Lansdown

The UK’s largest retail investment platform, Hargreaves Lansdown, is also a great option for your SIPP. It has a massive range of investment options, a superb app and recently launched the HL Ready-Made Pension Plan.

HL’s Ready-Made Pension Plan operates in a similar way to ‘standard’ personal pension providers where experts not only invest your money for you but rebalance it as you get closer to retirement. This is something you’d typically have to do yourself with a SIPP. 

So for a fully managed pension within a SIPP, HL is a great option. Its Ready-Made Pension Plan is also low-cost and means you avoid dealing charges.

Capital at risk if you invest. FCA regulated and FSCS protected.

Best SIPP Provider for Picking Your Own Investments

For building your own portfolio yourself, these are our favourite SIPP providers.

Interactive Investor

Due to its monthly subscription pricing instead of charging as a percentage of your portfolio, Interactive Investor is one of the lowest cost SIPP providers for large amounts. 

If you have over £62,000 in your SIPP then Interactive Investor has the lowest annual charges for funds and mixed portfolios of shares, funds and bonds. There’s a huge range of investments to choose from, including ready-made portfolios, and their app and online platforms are among the best on the market.

It’s also one of the largest investment platforms in the UK, with over £50bn in assets under administration and backing from Abrdn plc – one of the biggest asset management firms in the UK.

Capital at risk if you invest. FCA regulated and FSCS protected.


Bestinvest has the best investment search tool of the major platforms, making it easy to find and filter investments based on a range of factors.

It’s also one of the best established platforms in the UK as it’s part of Evelyn Partners who’ve been operating for over 180 years.

Bestinvest has the widest range of ready-made portfolios outside of specialist robo-advisors as well as offering thousands of shares and funds. You can also get free, unlimited coaching from qualified financial advisors as well as paid-for personalised financial advice. 

Capital at risk if you invest. FCA regulated and FSCS protected.

So, those are our top picks for the best SIPP provider. Read on for all of the SIPP information we cover in this guide.

Table of Contents

Cheapest SIPP Provider

Which is the cheapest SIPP provider for you depends on what your SIPP is invested in, or what you want it to be invested in. 

That could be shares, ETFs, mutual funds or even physical gold (see below). Most SIPP providers and investment platforms will charge different fees based on which type of investments you want in your portfolio. 

So, it’s not straightforward to say which SIPP platform is the cheapest – it depends on what you invest in and the size of your portfolio. Read our detailed guide to the cheapest SIPP provider for more.

The table below shows the main costs of each of the best SIPP providers in our guide:

SIPP ProviderAnnual platform feesDealing fees
AJ BellShares: 0.25% (max. £10 p/month)

Up to £250k: 0.25%
£250k-500k: 0.10%
Over £500k: No charge
Shares: £5 or £3.50 if 10+ share trades in prior month

Funds: £1.50
Bestinvest1Ready-made portfolios & US shares:
Up £500k: 0.20%
£500k-£1m: 0.10%
Over £1m: No charge

All other investments:
Up to £250k: 0.40%
£250k-500k: 0.20%
£500k-£1m: 0.10%
Over £1m: No charge
Non-US Shares, ETFs and Investment Trusts: £4.95
US Shares: 0.95% FX fee

Funds: Free
Hargreaves LansdownShares: 0.45% (capped at £200 per year)

Up to £250,000: 0.45%
£250,000 – £1m: 0.25%
£1m – £2m: 0.10%
£2m+: 0%
Shares, ETFs and Investment Trusts dealing fee based on number of deals in prior month:
0 – 9: £11.95
10 – 20: £8.95
20+: £5.95

Funds: Free
Interactive InvestorSubscription plans:
Pension Essentials: £5.99 per month (max. £50k)
Pension Builder: £12.99 per month (min. £50k)

Regular investing avoids dealing fees (min. £25 per month direct debit).
Moneyfarm2£0 – £10,000: 0.75%
£10,001 – £20,000: 0.70%
£20,001 – £50,000: 0.65%
£50,001 – £100,000: 0.60%
£101,000 – £250,000: 0.45%
£250,001 – £500,000: 0.40%
Over £500,000: 0.35%

1Bestinvest’s SIPP is subject to a minimum charge of £120 per year
2The fee applied to your balance based on the bands above will apply to your entire balance. If you have a balance of £25,000, for example, you will be charged 0.65% on the entire £25,000.

Because Interactive Investor charges a monthly subscription fee, its annual SIPP cost is fixed at £155.88 (if you have more than £50k). As it’s fixed, the higher the value of your investments the cheaper it becomes as a percentage.

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Talal’s View

CFA Qualified Investment Advisor

If you have £50,001 of funds invested with Interactive Investor its annual charge of £155.88 works out as 0.31%.

But, if you have £100,000 invested then Interactive Investor’s charge works out to 0.16% – which is significantly cheaper than AJ Bell, Hargreaves Lansdown and Bestinvest.

Example: Based on a SIPP portfolio of £100,000 invested in funds with Interactive Investor for 10 years and earning an annual return of 8%, you would save £3,173 on fees compared to AJ Bell, £6,503 compared to Bestinvest and a whopping £7,613 compared to Hargreaves Lansdown (ignoring dealing fees).

So, based on our calculations this means that if you have more than £62,352 to invest in UK shares and funds then Interactive Investor is the cheapest SIPP provider based on platform fees (ignoring dealing fees).

But, if you create a SIPP portfolio worth more than £50k made up of only individual shares then AJ Bell has lower platform fees, as it charges a maximum of £120 per year for a shares-only portfolio. This is cheaper than Interactive Investor’s annual charge of £155.88.

Which is the best SIPP Provider for your needs?

Pensions can be complicated and planning for your future is hugely important. Below we discuss the factors involved in how we put together this guide to the best SIPP providers, but retirement planning can be complex and dependent on your individual circumstances.

Before transferring an existing pension, particularly if it’s a workplace pension, you should consider all of your options. 

If you’re unsure of your position you should seek advice from qualified professionals. We recommend Unbiased, who will connect you to a qualified financial advisor based on your specific circumstances.

Speak To An Expert

Find qualified, independent and regulated finance professionals.
If you’re unsure of your options or financial position you should seek professional advice. Unbiased has over 27,000 financial experts – simply enter your details and they will match you to the best financial advisor for your needs, including a no-fee initial consultation
Find qualified, independent and regulated finance professionals.
If you’re unsure of your options or financial position you should seek professional advice. Unbiased has over 27,000 financial experts – simply enter your details and they will match you to the best financial advisor for your needs, including a no-fee initial consultation

There are a number of factors you should consider when deciding which is the best SIPP provider for your needs. These include whether you have any existing pensions, what you plan to invest in, how often you’ll trade and how much you have to invest.

SIPP Investments

So, what can a SIPP invest in? When SIPPs were created they were designed to be able to allow individuals to invest in a wide range of assets.

For many people, though, investments in a SIPP will be made up of shares, funds and bonds.

The main investments provided by the SIPP platforms in this guide are set out below. 

Stocks and Shares

Otherwise known as equity, shares are certificates of ownership in a company. Owning shares in a company is sometimes known as owning stock – and this is what is referred to when you hear about stock exchanges.

The SIPP providers in our guide allow you to invest in listed shares, which are those available to be traded on public stock exchanges such as the London Stock Exchange.

The SIPP providers in this guide allow you to invest in individual shares in companies listed on recognised stock exchanges. It’s possible to invest in unlisted, or private limited, companies within a SIPP but this usually requires specialist SIPP providers outside the scope of this guide.


There are several different types of funds that you can invest in within your SIPP. Essentially, a fund pools together the money of different investors and invests it on their behalf. We briefly explain the main types of fund below.

Mutual Funds

When you hear ‘fund’ mentioned it’s often shorthand for mutual funds, which are a type of investment vehicle which pools together money from different people. The fund manager then invests it on their behalf. 

Mutual funds issue investors with ‘units’, which represent their stake in the fund in proportion to the size of their investments. Sometimes, mutual funds are referred to as unit trusts

Fund managers make investment decisions with the intention of growing the value of the fund and providing investors with a return. They do this by picking investments in various assets such as shares, bonds and property. This is classed as an active fund

Dealing fees on mutual funds tend to be charged at a lower price to those on shares, ETFs and investment trusts.

Investment Trusts

Similar to a mutual fund, investment trusts also pool together the money of investors but they do so in the form of a company with its own board. They’re also listed on a stock exchange so that investors buy shares in the fund, rather than ‘units’ as with mutual funds.

Investment trusts are also usually active funds. Dealing fees on investment trusts are often the same as for shares.

Exchange Traded Funds (ETFs)

An Exchange Traded Fund is almost always a passive fund which tracks an index. For example, an ETF may track the FTSE100 index and will simply buy shares in proportion to those companies that make up the FTSE100.

The fund’s managers simply replicate the makeup of the index and don’t make investment decisions, unlike with an active fund.

A major benefit of investing in ETFs is that you can get exposure to an entire index without having to buy shares in all of the companies yourself. This saves on dealing costs, and annual fund charges on ETFs tend to be lower than that of mutual funds and investment trusts.

Dealing fees on ETFs are often the same as for shares.


Bonds are a form of debt issued by large companies and governments around the world. UK government bonds are known as gilts.

When you buy a bond you’re effectively lending money to the company or government that issues it. In return, the issuer pays you interest at a rate decided when the bond is launched. It may be a fixed rate or a variable rate that’s linked to inflation, for example.

Government bonds issued by developed countries, such as the UK and US, are considered to be extremely safe investments. Corporate bonds and bonds issued by the governments of emerging market countries tend to be riskier.

Typically, bonds have higher dealing fees than shares and funds, and some can only be traded over the phone with SIPP providers.


Investment grade physical gold can be held within a SIPP. It’s the only commodity or precious metal that HMRC allows you to invest in via a SIPP. 

The SIPP providers in our guide focus on shares, funds and bonds so if you’re interested in physical gold you’ll need to find a more specialist SIPP provider. One such supplier of investment grade gold is Direct Bullion, who have a SIPP gold service. See more on SIPP gold investing below.

Commercial Property

HMRC does not allow you to invest in residential property within your SIPP – if you do so, you will face heavy tax penalties and your SIPP provider may face being deregistered.

But you can invest in commercial property. A SIPP is also able to borrow up to 50% of its net value and use the funds to purchase commercial property. More on SIPP loans below.

Other SIPP Investments

A wide range of investments can be held within a SIPP. However, some are restricted by HMRC such as residential property and commodities other than investment grade gold, as we outlined above.

Some investments, although allowed, are usually only facilitated by specialist SIPP providers which are outside the scope of this guide. These include investments such as private limited companies, structured products and derivatives (such as CFDs and options).

SIPP fees to look out for

The fees you pay on a SIPP are likely to depend on which investments you choose, much like with a Stocks and Shares ISA.

Typically, you’ll be charged an annual platform fee based on the size of your portfolio and dealing fees for buying and selling investments. On top of those, you may also pay management fees if you pick robo-advisors or expert-managed funds. 

There are usually underlying fund charges payable to the fund managers in which your money is invested. These are separate from the fees payable to your SIPP provider, but your provider will collect them from you. 

Some investments, such as ETFs, will also have ‘market spread’ attached to them. This is the difference between the buying and selling price and serves as a markup on the asset. 

Account Fees

These are fees payable to your SIPP provider for managing and administrating your account. Usually these are a percentage of your total investments held with the provider and charged annually.

Some providers will charge a different percentage rate, or tiers, on different types of investments – usually shares vs funds. Fees can range from 0.15% up to more than 1% with some providers. More bespoke investments, and advice, are often charged at more than 1%.

Other providers, notably Interactive Investor, charge a flat monthly subscription fee which isn’t based on the size of your investment portfolio.

Underlying Fund Fees & Market Spread

If you invest in a fund rather than, for example, individual shares then there will usually be fees payable to the fund manager.

Fund managers operate the investments of the fund and the fund will often employ several analysts. Underlying fund fees go towards these costs and will typically provide a profit to the fund manager. These fees range from around 0.05% to 3%+. 

Passive funds, or index funds, tend to have the lowest cost as they simply mimic a particular index rather than making their own investment decisions.

Market spread is also charged on some types of funds, such as ETFs. If you’ve invested with a robo-advisor before you may be familiar with them. On average they tend to cost around 0.07% per year, but they can vary.

Dealing Fees

Buying and selling shares and funds usually involves dealing fees, or commission. This is often a fixed price per transaction, but some platforms will charge less the more you deal – such as Hargreaves Lansdown.

Fund dealing is often charged at a lower rate than share dealing. Bestinvest, for example, charges £4.95 for share dealing but has no charges for fund dealing.

How often you expect to buy and sell investments should be factored into your decision on which platform is the cheapest for you.

Transfer Fees

Moving your pension from one platform to another can sometimes involve transfer fees. Platforms that charge transfer fees do this to cover the costs of administering the transfer.

The platform you’re transferring to may need to rebuild your portfolio by carrying out buy transactions, so the transfer fees are designed to cover this.

Not all brokers charge transfer fees, though, as they don’t want barriers to customers switching over to them. If you have a large and/or diverse investment portfolio, you should consider the potential costs involved in transferring it.

Moving your pension can also have other implications which you may not be aware of, so we recommend you consider professional advice before doing so. We’ve partnered with Unbiased, who can connect you to a qualified and regulated financial advisor, with a no-fee initial consultation to discuss your situation.

Exit Fees

Pensions opened prior to 31st March 2017 may have exit fees payable when they’re transferred. Both personal and workplace pensions set up since then are not allowed to charge exit fees after regulation by the FCA. 

The same regulation by the FCA capped the exit fees which older pensions can charge, which for most people will be 1% of the total value.

This may still mean a substantial charge if you have a large pension pot, so we would again suggest you seek personal finance advice before transferring old pensions. We recommend Unbiased, who will connect you to an appropriate financial advisor based on your individual circumstances. You’ll also get a no-fee initial consultation.

How We Chose The Best Sipp Providers

Saving for your retirement is hugely important and shouldn’t be taken lightly. There are a lot of benefits of saving into a SIPP, and there’s no limit to the number of SIPPs you can hold

At Generation Money we have over 30 years of professional finance and investment experience. To come up with our list of the best SIPP providers in the UK we looked at a range of criteria. The main factors are:

  • Safety
  • Customer service and customer feedback
  • Ease of use
  • Range of investments
  • Fees

Taking these factors into consideration, we reviewed a huge range of SIPP providers before narrowing it down to the very best for this guide. 

Safety is an important factor when it comes to pensions so all of the providers in our guide are FCA regulated and have FSCS protection. We discuss this in more detail below.

A SIPP is one type of private pension and we explain the main types of pension and their differences below. 

Some Pensions Basics

There are two broad types of pension in the UK – a private pension and the state pension.

The state pension is funded and administered by the government. It’s based on your National Insurance contributions and pays out a regular income when you reach state retirement age.  Currently, this is 66 for those born before 5 April 1950. For those born after this date it’s 67 and will eventually increase to 68.

A private pension is any pension that’s not the state pension, and they can be split into two categories: workplace pensions and personal pensions.

Workplace pensions are set up by employers for the benefit of their employees. Your employer pays into the workplace pension for you and you can make additional contributions from your pay if you wish. You can usually change your level of contribution to suit your needs.

What is a Personal Pension?

A personal pension is a type of private pension that’s controlled by you – not by an employer or the government.

You choose which provider to open it with, how much to pay into it and how to invest it. It doesn’t mean you have to pick investments yourself – you can choose to invest your money with a professional pension scheme or to take the advice of a financial advisor. 

Ultimately, though, you have a lot more flexibility with a personal pension than a workplace or state pension. A SIPP is a type of personal pension – more details on this below.

Pensions Tax Relief

One of the major advantages of paying into a personal pension is that the government adds 25% to your contributions. The bonus is almost always added automatically by your pension provider (assuming they’re registered with HMRC, which they should be – all the providers in this guide are).

That means if you pay in £100, the government adds £25 so your total pension contribution is £125. This can really add up over time if you make regular contributions and can give a big boost to your retirement pot.

Higher and additional rate taxpayers can also claim relief at 40% and 45% respectively on their annual tax return. 

Annual Allowance

There is an annual limit to how much tax relief you can get, though. For most people it’s the lower of £60,000 or your annual income. However, very high earners may see this relief tapered further. 

You may also be able to roll over any unused annual allowance from prior years to the current year, increasing your annual tax free allowance in the current year.

You may have read elsewhere that £60,000 is the maximum you can contribute to all of your pensions in one year. This isn’t true, though. The £60,000 annual allowance only applies to tax relief and tax payable on contributions – there is no legal limit to stop you contributing beyond this so long as you pay any tax due on these contributions.

So, you can contribute as much as you like into your pension but if the contributions exceed the annual allowance you will not get tax relief and you may have to pay tax on them.

Income and Capital Gains Tax

There’s no income tax or capital gains tax chargeable on your pension investments so long as they’re not on HMRC’s list of tax chargeable assets, such as residential property. 

So investing in shares, funds, ETFs, investment trusts and bonds through a SIPP – as the SIPP providers in this guide all specialise in –  will not be subject to income or capital gains tax. This helps to grow your investments over time as any income from your investments within a SIPP can be reinvested tax-free, and investment gains will also be tax-free.

When it comes to drawing on your pension, however, you may need to pay income tax. The first 25% you withdraw from your pension will be tax-free, but the remaining 75% will usually be subject to income tax at your marginal rate.

Your marginal tax rate is simply the income tax rate that you would pay based on the tax band you fall into if your pension income is added to your employment income.

What is a SIPP?

We talked about the differences between workplace and personal pensions above, so what is a self-invested personal pension (SIPP)?

Well, a ‘regular’ personal pension is where you make contributions into a pension scheme run by a professional pensions investment company. These are often large asset management firms, and your pension investments are managed by their team of professionals.

They will usually assess risk for you, taking into account your age, and adjust your investments over time. Typically, they will move your investments from higher risk assets to lower risk assets as you approach retirement age.

Investments made within a self-invested personal pension, on the other hand, are totally under your control. You make the investment decisions and decide what to invest in, perhaps after taking financial advice from a qualified advisor.

There are also a very wide range of investments allowed to be held in a SIPP, which is one of the reasons they were created – to encourage investment into a wider range of assets.

Because you have control over how your SIPP is invested, that doesn’t mean you have to make your own investment decisions. There are a range of ready-made portfolios and robo-advisor options, such as Moneyfarm, which we’ve outlined above who will invest your money for you based on some initial risk criteria that you pick.

Hargreaves Lansdown also offers a Ready-Made Pension Plan, which is managed by professionals and will even rebalance your portfolio as you near retirement age – much like a traditional personal pension. Its fees are very competitive, too.

Who is a SIPP for?

You may already have a workplace pension – or several if you’ve moved jobs – and expect to make enough national insurance contributions to get some level of state pension. 

But, even with these, will you be able to meet your financial needs in retirement? In other words, will you be able to live a comfortable life in retirement?

The full state pension is currently £10,600 per year, well below the income of someone earning minimum wage full-time. Any workplace pension you have will be in addition to this, but still may not provide you with enough in retirement to be able to enjoy life.

So, saving into a personal pension is a great way to boost your overall retirement pot. Doing so in a SIPP gives you a lot of control over how much to save and how to invest those savings. 

The government bonus and tax-free savings available with SIPPs, and standard personal pensions, make them a great option for growing your retirement pot.

What about a SSAS pension?

If you’re a company director of a small business, you may want to look into a Small Self Administered Scheme (SSAS) pension instead. 

A SSAS is a type of workplace pension for business owners which is also highly flexible, and may be more advantageous to you than a SIPP if you’re a company director and you meet the SSAS criteria.

The government bonus on contributions and tax-free savings also apply to SSAS pensions.

Our detailed guide ‘What is a SSAS?’ covers all you need to know.

SIPP Inheritance Tax

Pensions have their own set of tax rules (if you ever have trouble sleeping, you can read HMRC’s pension tax manual online) which are designed to encourage people to pay into a pension.

SIPP investments are typically free from income and capital gains tax. Alongside this, there’s government tax relief added to pension contributions. But, another major feature of a SIPP (and other types of pension) is that they don’t count towards your estate for inheritance tax purposes.

Inheritance is a complicated area of tax (as I fondly remember from my tax exams!) but the core principle is that the value of an estate above the threshold (currently £325,000) is taxed at 40% on death. There are a number of rules and exemptions when calculating the value of an estate, but SIPPs are usually excluded from it.

That doesn’t mean passing on a SIPP is totally tax-free, though. If you’re over 75 when you die, the SIPP beneficiary will be liable to pay income tax at their marginal rate on it. But, if you’re under 75 when you die then there’s no income tax payable. 

Estate planning can be a complex area so if you have concerns around inheritance tax and pension planning, we recommend you speak to an expert through Unbiased. You’ll be connected to a regulated financial advisor based on your specific needs, including an initial no-fee consultation.

Speak To An Expert

Find qualified, independent and regulated finance professionals.
If you’re unsure of your options or financial position you should seek professional advice. Unbiased has over 27,000 financial experts – simply enter your details and they will match you to the best financial advisor for your needs, including a no-fee initial consultation
Find qualified, independent and regulated finance professionals.
If you’re unsure of your options or financial position you should seek professional advice. Unbiased has over 27,000 financial experts – simply enter your details and they will match you to the best financial advisor for your needs, including a no-fee initial consultation

SIPP Loans & Borrowing Against a SIPP

Flexibility is one of the major advantages of a SIPP vs other types of private pension, and one of the examples of this is the fact that SIPPs are able to borrow money

A SIPP is able to borrow up to 50% of the net value of the fund so long as the borrowing is used to increase the value of the pension pot. 

Typically, a SIPP loan is used to buy commercial property which is then rented out. Rental income goes to the SIPP and is used to pay off the pension loan. However, SIPP loans can be used to purchase virtually any type of asset, such as shares, so long as the pension administrator believes it will increase the value of the SIPP. 

But, although the SIPP loan can be used to buy a range of assets, there are strict HMRC tax rules over certain types of investment. Residential property, for example, is heavily penalised as an investment in a SIPP so getting a loan to purchase residential property is almost certainly not worth it.

To be clear, you cannot personally borrow from your SIPP or against your SIPP. We cover the full details in our guide to pension loans.

SIPP Gold Investing

When SIPPs were first introduced into law in 1989, it was decided that they should be able to hold a wide range of investments. 

Essentially, almost any type of investment is permitted within a SIPP but some are subject to heavy tax charges, such as residential property, which means they’re not worthwhile. 

Physical gold is one type of investment that is permitted without any HMRC penalties or tax charges. There are some rules around holding gold in a SIPP, though. 

The main rule is that the SIPP gold must be investment grade bullion. One such provider of investment grade gold is Direct Bullion who have a pension service, too, where they will work with your SIPP provider to manage your SIPP gold investments.

To hold gold within your pension you will likely need to set up a separate SIPP for this purpose, as the investment platforms in our best SIPP guide will not usually cover physical gold.

Is Investing in a SIPP Safe?

As with all investing, your capital is at risk. That’s no different whether you invest through an ISA, a SIPP or a General Investment Account. 

But, it’s important that your investments are held with reliable and regulated investment platforms. All of the platforms in this guide are regulated by the FCA, which is the UK’s regulator for financial firms. 

Your money and investments are also protected under the Financial Services Compensation Scheme (FSCS). This guarantees up to £85,000 if your provider were to go bust. In some cases, pensions have unlimited government protection but this may not apply to newly opened SIPPs.

It’s also important to be aware that you’re able to complain to the Financial Ombudsman Service (FOS) about an FCA regulated company if you’re unable to resolve a dispute directly with the company. The FOS’ decisions are binding, and should give you extra comfort when choosing a SIPP provider.

Best SIPP Provider – Final Verdict

In this guide to the best SIPP providers we covered the best SIPP platforms for various needs. 

AJ Bell is our top pick overall, and Moneyfarm is our top pick for hands-off investing where professionals manage your investment for you. For larger portfolios made up of shares and funds – above around £62k – Interactive Investor has the lowest annual charge, excluding dealing fees.

We also covered what a SIPP is, why they’re so good and the various investments you can make within them. You have control over your SIPP – more control than with a standard personal pension – and you can open as many SIPPs as you like.

Remember, you get a 25% government bonus on contributions up to £60,000 per year (or your total income, whichever is lower), and any gains and dividends within the SIPP are free from income and capital gains tax.

AJ Bell

For its huge range of investments, low pricing and excellent customer service, AJ Bell is our top pick for best SIPP.

Capital at risk if you invest. FCA regulated and FSCS protected.


If you want professionals to take care of your SIPP investments for you, then Moneyfarm is our top pick.

It has a strong performance track record, low charges which reduce as your pension pot grows and great customer service.

Capital at risk if you invest. FCA regulated and FSCS protected.

Interactive Investor

Interactive Investor’s monthly subscription pricing makes it the lowest cost SIPP provider for large amounts, starting at £62,000 or more.

Capital at risk if you invest. FCA regulated and FSCS protected.

Best SIPP provider

AJ Bell is our top pick. It has a huge range of investments, low pricing and great customer service.
Capital at risk if you invest. FCA regulated and FSCS protected.

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At Generation Money our purpose is to help you make better financial decisions. All of our articles are independently written and/or edited by finance professionals and adhere to strict editorial guidelines. This post may contain links which, if clicked, could result in a payment to the site. These links never impact our editorial policy and all rankings and product recommendations remain unbiased. For more details, read how this site is financed.

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Capital at risk if you invest. Interactive Investor is regulated by the FCA and has FSCS protection.

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