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Self-Invested Personal Pension (SIPP)

Important information - the value of investments can go down as well as up so you may not get back what you invest. Eligibility to invest in a SIPP and tax treatment depends on personal circumstances and all tax rules may change. You can't normally access money in a SIPP until age 55. It’s important to understand that pension transfers are a complex area and may not be suitable for everyone.

Simple, flexible pricing

Benefit from our low 0.35% service fee if you invest more than £25,000, or set up a regular savings plan. For example:

Service fee


The fee you pay for holding accounts with Fidelity

On savings of


Saved over one year with a regular savings plan

Would amount to

= £1.90

This is a simplified example, the actual fee you will pay will vary depending on how your investments perform. If you hold less than £25,000 with Fidelity and do not have a regular savings plan, our service fee is £90 (£7.50 a month) for the year.

The table below shows how this fee changes, as your investments increase. To see this in more detail please read the Doing Business with Fidelity document.

In addition to our service fee, there may also be charges set by the company managing your funds, and there will be additional charges for any share dealing you engage in. For more details, please visit our main fees and charges page.

Total value of investments Service fee (annual amount or %)
Less than £25,000 0.35% if you have a regular savings plan or £90 (£7.50 a month) if you don't
£25,000 or more but less than £250,000 0.35%
£250,000 or more but less than £1 million 0.20%
£1 million+ 0.20% a year for the first £1 million and no service fee for investments over £1 million. This means the maximum fee you will ever pay for all of your personal accounts is £2,000 a year.

The same service fee is charged across all of your investments. So, if you hold £300,000 - the fee would be 0.20% across the full amount. For exchange-traded instruments, this portion of the fee is capped at £90 (£7.50 a month) and there is no service fee for these investments when held in the Fidelity Investment Account. There’s also no fee for investments held in a Junior ISA or Junior SIPP.

When you pay service fees, they are always taken from your Cash Management Account.

  • If you have cash in there, we will take your fees from this rather than any tax-wrapped ISA and SIPP investments you may have.
  • If you don't have enough cash in there, we will sell from your investments to make up the outstanding balance and transfer that to the Cash Management Account. When we do this, we have a hierarchy and start by selling from your largest investment by value and by asset class. This means for example we would take the fee from the largest fund before we take it from an exchange-traded fund or investment trust.

Investment charges set by companies managing your funds

Ongoing fund charges are set by the companies who manage the funds and start from 0.05%.

Some funds may also have:

  • a bid-offer spread, which is effectively a charge applied when you buy or sell
  • a performance fee
  • a fund manager buy or sell charge.

We’ve negotiated discounted ongoing charges on hundreds of funds on our platform. We recommend checking each investment's factsheet for more information, as investment charges as can differ between funds.

View fund discounts

Share dealing and other charges

  • There is a charge made for each buy and sell transaction you place (including switches and dividend reinvestments). This will be deducted from the amount invested or raised through a sale.
    • £1.50 for deals as part of a regular savings or withdrawal plan, or for a reinvestment of income or a dividend.
    • Simple charge of £7.50 for each deal placed online
    • Phone trades are charged £30.00 for each deal.
  • Stamp Duty, levies and taxes: 
    • UK Stamp Duty of 0.5% applies when you buy UK shares
    • Irish Stamp Duty of 1.0% applies when you buy Irish shares
    • In certain circumstances UK Panel of Takeovers and Mergers levy of £1 applies on UK share deals of over £10,000. See T&Cs for details.
    • In certain circumstances Irish Takeover Panel levy of €1.25 applies on Irish share deals of over €12,500. See T&Cs for details.
  • Foreign exchange charge applies for dealing in offshore funds that are not in sterling. 

Download the Doing Business with Fidelity document for more fees and charges information.

Service Fee Charges on cash within your account

Cash in your Fidelity accounts is currently held as ‘Cash Within Your Account’.

We currently don’t charge a service fee on Cash Within Your Account. However, we reserve the right to retain an amount of the interest received from the bank(s) we deposit your money with to cover the cost of administering these cash balances. Please go to for further details.

1,2 Source: Fidelity International at 31.12.2019