Self-Invested Personal Pension (SIPP) Accounts

A Complete Turnkey Solution for Self-Invested Personal Pension (SIPP) Accounts1

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Interactive Brokers (UK) Limited supports the ability of SIPP Beneficiary accounts to trade through an IB Cash account, but only through a pre-approved SIPP Administrator2. We do not accept SIPP accounts directly. For a list of our pre-approved SIPP Administrators, click here.


SIPP Administrators now have the ability to open a master account, which allows their clients (SIPP Beneficiaries) to trade financial products (e.g., stocks, options, etc.) through IB. This is a great way for SIPP Administrators to create new value and attract new clients that seek low cost and best execution in worldwide markets.

How It Works

First, a SIPP Administrator opens a Pension Administrator account with Interactive Brokers (UK) Limited. This account will be your master account. Once your firm completes our online application and submits their required ID documents, we will review and approve your account.

Next, the SIPP Administrator (the master account) sends invitations to each of their respective SIPP Beneficiaries to open an IB account to make use of our online brokerage services. Once each SIPP Beneficiary subaccount is approved, the SIPP Administrator configures trading permissions for the subaccounts and, once funds are deposited, the SIPP Beneficiary subaccounts are ready to trade.


SIPP Administrators (Master Account) enjoy the following benefits:

  • No fees to set up your master account.
  • Manage your SIPP Beneficiary subaccounts with our flexible online Account Management.
  • Comprehensive reporting, including online statements and reports available for all of your sub accounts.
  • Configure user access rights for your internal users to view statements, authorise trading permissions for any of your subaccounts, confirm subaccount funding requests, and more.
  • White branding is available at no extra cost.
  • Get listed on our website as a pre-approved SIPP Administrator so that any prospective SIPP clients can contact you regarding your services.
  • Offer your clients low cost and best execution to trade world markets.

SIPP Beneficiary Clients (Subaccounts) enjoy the following benefits:

  • IB's integrated approach makes it easy to trade multiple products on multiple exchanges and assets denominated in multiple currencies from a single account.
  • Trade on over 100 market centers in 23 countries.
  • Trader Workstation (TWS), our market maker-designed trading platform, optimizes your trading speed and efficiency in a single, comprehensive and customizable workspace.
  • View real-time market data, including prices, fundamental data, news and more (terms and costs may apply).
  • Comprehensive reporting.
  • Manage and control your trading risk with our advanced risk management technology.
  • Low cost brokerage fees. For example,
    • US shares (flat rate): $0.005 per share (all in, via IB Smart Routing).
    • UK shares (flat rate): £6.00 per bargain (all in, via IB Smart Routing), i.e., for orders £50,000 in trade value or less. You pay an additional 5 basis points for the part of the order, which is above £50,000 in trade value. Note Stamp Duty may apply.
    • Other low cost fees available. Click here for a full commission list.

Additional Account Information
SIPP Account Structure Chart
SIPP Chart Structure
Additional Information

For local assistance in London on SIPP accounts, call 020 7 7105630.

SIPP subaccounts are only available to individuals between the ages of 18 and 75.

IB does not support ISAs, QROPs, PRSAs, nor it does accept US citizens or US residents that trade through a SIPP.

You cannot trade CFDs through our SIPP subaccounts.

To trade your SIPP through us, you must first negotiate terms and fees with any of our pre-approved SIPP Administrators.



Notes:

  1. SIPP account is a personal pension account that allows individuals to control their retirement savings and where they are invested. A SIPP account provides customers with more flexibility and control over their savings and investments. A SIPP Beneficiary account holder can trade financial products (terms apply). SIPP's are available to all UK residents under the age of 75 and allows customers who are employed or self-employed to contribute up to a predefined amount in any one tax year. Please refer to the HM Revenue & Customs website for more details as these contribution limitations are subject to change annually.
  2. A SIPP Administrator is an entity that is authorized and regulated in the United Kingdom, which acts as the trustee to a SIPP. A SIPP Administrator provides administration services for a SIPP. Click here for a list of approved SIPP Administrators.

IMPORTANT: Any symbols or references to a pre approved SIPP Administrator that are displayed and noted are for illustrative purposes only and do not portray a recommendation.