Open SIPP account
Save for your retirement with a tax-efficient self-invested personal pension (SIPP) and take control of where your money is invested.
Call 0800 195 3100 or send us an email newaccounts.uk@ig.com with any questions about opening an account between 8am and 6pm (UK time) on weekdays.
Why choose a self-invested personal pension?
Tax benefits
Receive up to 45% tax relief on contributions up to £40,000 per tax year. You don't pay tax while your savings are invested.
Take control
You have the freedom to decide how your pension is invested. Choose from thousands of stocks, ETFs and investment trusts or invest in one of our ready-made portfolios – IG Smart Portfolios.
Consolidate your pensions
Combine all your pensions in one accessible, low-cost account.
Easy to use platform
Monitor your performance and make decisions at the click of a button through IG’s web-platform or mobile apps.
Why open a SIPP account with IG?
Security
We partnered with Options UK who are an independent pension administration and trustee company providing specialist pension services and products to the UK market.
Low cost
You pay Options UK an annual administration fee of £210. This means as your investments grow, your average cost falls.
Commission-free investing
Buy and sell U.S. shares commission-free*. See how we compare to other UK brokers.
*Other fees may apply
Range of investments
Invest in over 11,000+ shares, funds and investment trusts. Or choose one of our ready-made portfolios that can help you achieve your retirement goals – an IG Smart Portfolio.
How to set up an IG SIPP
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Open an IG Share Dealing or IG Smart Portfolio account
It takes less than five minutes to open your account through our website or award-winning mobile app.
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Add a SIPP account
Add your SIPP through the My IG Dashboard. Here you can pick an IG Share Dealing SIPP or an IG Smart Portfolio SIPP, or both.
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Set up your SIPP plan with Options UK
You will receive an invite from Options UK to set up your SIPP plan via their website. When you have completed this, Options UK will let us know and we will activate your IG SIPP account.
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Transfer or fund your SIPP at Options UK
Options can accept transfers from any UK registered pension scheme or recognised overseas pension scheme. You can also set-up regular contributions or make one-off contributions.
How to invest
Build your own portfolio
Choose from 11,000+ individual shares, funds and investment trusts through an IG Share Dealing SIPP. Buy and sell all global stocks commission free.2
Choose a ready-made portfolio
Choose from five of our ready-made portfolios which gives you access to thousands of bonds and shares in a single investment. We help diversify your investments, so all your eggs aren't in one basket.
Open an account now
Open an account now
Fast execution on a huge range of markets
Enjoy flexible access to 15,000+ global markets, with reliable execution
Deal seamlessly, wherever you are
Trade on the move with our natively designed, award-winning trading app
Feel secure with a trusted provider
With 50 years of experience, we’re proud to offer a truly market-leading service
Open an account now
Open an account now
Fast execution on a huge range of markets
Enjoy flexible access to 15,000+ global markets, with reliable execution
Deal seamlessly, wherever you are
Trade on the move with our natively designed, award-winning trading app
Feel secure with a trusted provider
With 50 years of experience, we’re proud to offer a truly market-leading service
Start trading now
Log in to your account now to access today’s opportunity in a huge range of markets.
Start trading now
Log in to your account now to access today’s opportunity in a huge range of markets.
Top FAQs
See all frequently asked questions in our Help section.
How does a SIPP work?
SIPP stands for a self-invested personal pension, a way of saving for your retirement which enables you to take control of your investments.
A SIPP allows you to invest in a wide range of investments when saving for retirement, instead of being limited to a handful of funds offered by your pension provider.
How much can I invest in a SIPP?
You can invest as much as you like in a SIPP. However, there is an annual allowance that governs how much you can claim tax relief on. For UK residents, this is £60,000 for the tax year 2024/25.
Tax laws are subject to change and depend on individual circumstances. Tax law may differ in a jurisdiction other than the UK.
How long will it take to invest my money once I've deposited funds?
Options UK will transfer your funds to IG and these will be automatically allocated to your SIPP account for you to use to invest.
The transfer of cash from Options to IG typically takes one business day but can take longer.
How do I fund and withdraw from my SIPP?
You, your employer (if you have one) or any other person on your behalf can make contributions to the SIPP.
You can pay contributions by standing order or electronic transfer once your SIPP account has been opened.
How do I transfer my investments from an existing pension into an IG SIPP?
Options UK can accept transfers from any UK registered pension scheme or recognised overseas pension scheme.
Before they confirm acceptance for the transfer, Options will require copies of the transfer analysis and suitability report from your financial adviser.
You can transfer your existing pension value in cash and/or transfer your existing pension investments if they are permitted investments within the Options SIPP.
Find out more on our Help and Support site.
What to consider before I transfer my pension?
SIPP is a pension product designed for people who want to make their own investment decisions. You can normally only access the money from age 55 (57 from 2028). Before transferring a pension please ensure that you will not lose valuable guarantees or incur excessive transfer penalties.
Before initiating a pension transfer make sure that you believe, with the help of a financial adviser if required, that this is the right action for you to take.
Who are Options UK?
Options UK Personal Pensions LLP are an independent pension administration company providing specialist pension services and products to the UK market. The trustee of the SIPP is MK SIPP Trustees UK Ltd.
Options administer over £1.7 billion of clients’ funds across both personal and corporate pension schemes.
What can I invest in with an IG stocks and shares ISA?
You can invest in over 11,000 global shares and ETFs with our stocks and shares ISA. Our share dealing ISA gives you full control over your investments, while our Smart Portfolio ISAs are fully managed by our in-house experts using asset allocation insights from BlackRock.
See all our charges and fees, or view our complete shares list (PDF).
1 Tax laws are subject to change and depend on individual circumstances. Tax law may differ in a jurisdiction other than the UK. Amounts drawn from your SIPP at retirement are subject to income tax at prevailing rates. If you earn more than £150,000 per tax year, the annual allowance reduces by £1 for every £2 earned above £150,000, down to a minimum of £10,000.
2 Other fees may apply. Please note published rates are valid up to £25,000 notional value. See our full list of share dealing charges and fees.
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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
Professional clients trading spread bets and CFDs can lose more than they deposit.
Options and futures are complex instruments which come with a high risk of losing money rapidly due to leverage. They’re not suitable for most investors. Before you invest, you should consider whether you understand how options and futures work, the risks of trading these instruments and whether you can afford to lose more than your original investment.
Trading stocks and shares ‘on margin’ within a US options and futures account – meaning that you only finance part of the cost of acquiring a position in a security – carries additional risks over buying securities on a fully funded basis and may result in losses exceeding your original investment. Trading on margin will also result in additional costs to you as the investor and any securities purchased using margin may be held as collateral by the lender, restricting both your rights as shareholder, and your ability to use the securities until the margin trade is closed. You should familiarise yourself with these risks before trading on margin.
The value of shares, ETFs and other ETPs bought through a share dealing account, a US options and futures account, a stocks and shares ISA or a SIPP can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results. Some ETPs carry additional risks depending on how they’re structured, investors should ensure they familiarise themselves with the differences before investing.
Share dealing and IG Smart Portfolio accounts provided by IG Trading and Investments Ltd, CFD accounts and US options and futures accounts are provided by IG Markets Ltd, spread betting provided by IG Index Ltd.
IG is a trading name of IG Trading and Investments Ltd (a company registered in England and Wales under number 11628764), IG Markets Ltd (a company registered in England and Wales under number 04008957) and IG Index Ltd (a company registered in England and Wales under number 01190902). Registered address at Cannon Bridge House, 25 Dowgate Hill, London EC4R 2YA. IG Markets Ltd (Register number 195355), IG Trading and Investments Ltd (Register Number 944492) and IG Index Ltd (Register number 114059) are authorised and regulated by the Financial Conduct Authority.
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