Freedom Isn’t Free UK Personal Finance
Pensions
Fidelity SIPP UK: Charges, Funds and How It Works
The Fidelity SIPP is a low-cost self-invested personal pension. The service fee is 0.35% a year on funds, falling to 0.20% above GBP 250,000, and is capped at GBP 90 a year if you hold shares and ETFs. Fund dealing is free; share deals cost GBP 7.50. You pick the investments, or use a ready-made option.
Fidelity SIPP charges and features (2026)
| Feature | Detail |
|---|---|
| Account type | Self-invested personal pension (defined contribution - you choose the investments) |
| Service fee (funds) | 0.35% a year up to GBP 250,000, then 0.20%; below GBP 25,000 it is GBP 90 a year without a regular savings plan |
| Service fee (shares, ETFs, investment trusts) | 0.35% but capped at GBP 90 a year (GBP 7.50 a month) |
| Fund dealing | Free online |
| Share dealing | GBP 7.50 per online deal (GBP 1.50 in a regular savings plan) |
| Ready-made option | Yes - ready-made portfolios if you do not want to pick funds |
| Access age | 55, rising to 57 on 6 April 2028 |
| Protection | FCA-regulated; FSCS may cover up to GBP 85,000 per person if the provider fails (this is the investment cap, not the GBP 120,000 deposit cap, and it does not cover investment losses) |