Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in. Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.

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.

Your capital is at risk. Please remember tax relief depends on your personal circumstances and current rules can change.1

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.

Range of investments

Invest in over 13,000+ 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

  • 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.

  • 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.

  • 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.

  • 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 over 13,000 individual shares, funds and investment trusts through an IG Share Dealing SIPP. Buys and sell U.S. shares commission free and UK shares from £3.2

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.

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 £40,000 for the tax year 2022/23.

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 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.

Open your account

It's free to open an account, normally takes less than five minutes, and there's no obligation to fund or trade.

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 Place 3+ trades on UK shares in the previous month to qualify for a £3 commission rate. Please note published rates are valid up to £25,000 notional value. See our full list of share dealing charges and fees.