Freedom Isn’t Free UK Personal Finance
Pensions
Vanguard SIPP UK: Charges, Funds and the Catch
The Vanguard SIPP is a low-cost personal pension holding only Vanguard funds. The account fee is 0.15% a year, capped at GBP 375, with free fund dealing. Since 31 January 2025 a GBP 4 a month minimum applies to pots under GBP 32,000. It is cheap and simple, but limited to Vanguard own funds.
Vanguard SIPP charges and features (2026)
| Feature | Detail |
|---|---|
| Account type | Personal pension (defined contribution), Vanguard funds only |
| Account fee | 0.15% a year, capped at GBP 375 across your Vanguard ISA, SIPP and general account combined |
| Minimum fee | GBP 4 a month (GBP 48 a year) if your self-managed holdings are under GBP 32,000 |
| Fund dealing | Free |
| Investment choice | Vanguard funds and ETFs only (including LifeStrategy and Target Retirement) |
| Ready-made option | Yes - LifeStrategy or Target Retirement single-fund portfolios |
| Access age | 55, rising to 57 on 6 April 2028 |
| Protection | FCA-regulated; FSCS up to GBP 85,000 per person if the provider fails (the investment cap, not the GBP 120,000 deposit cap) |