What does it cost to set up an IG SIPP?

It’s free to open an IG account, but if you want to start trading via your SIPP you’ll have to open a Modular iPlan and pay an annual administration fee of £200 to James Hay. This will be taken out of your first deposit into your SIPP.

There’ll be additional trading costs if you make your own investment decisions, and if you choose to invest in an IG Smart Portfolio you’ll pay an annual management fee.

Find our full charges and fees here.

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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.