Is SIPP available at Barclays?
Yes, Barclays provides tax-advantaged accounts for pensions!
Why use a tax-advantaged SIPP account at Barclays?
Overall:
- All SIPPs include a government contribution - meaning your deposit will be topped up by 20% e.g. turning a £100 investment into £120.
- Your investments through an SIPP will benefit from tax-free growth, meaning you won't have to pay income taxes on your gains or dividends.
- Barclays is regulated by at least one top-tier regulator. This is a good sign, as with a SIPP, you are aiming for a long-term investment (up until the age of 55, from wich you can access your funds).
What to expect at Barclays?
Using a SIPP, you always want to have a well-designed interface to check on your investments. Therefore, UX is always relevant. Let's see some insights on how good the mobile experience at Barclays is compared to its competitors:
|
Mobile platform score
|
- | 3.9 stars | 3.7 stars |
|---|
Data updated on June 17, 2024
Through a SIPP, you'll be able to invest in a group of assets to grow your pension, tax-free. Investing in any asset will involve some trading fees, and the amount of fees at Barclays are the following:
- for stocks and ETFs: Average
- for mutual funds: Low
- for bonds: Low
And now let's see the exact trading costs for SIPP accounts at Barclays:
| Assets | Barclays |
|---|---|
| Account fees | No |
| Inactivity fees | No |
| Annual SIPP management fee (of a £40,000 investment) | $169.0 |
| UK stock & ETF fees (per $2k investment) | $7.5 |
| US stock & ETF fees (per $2k investment) | $7.5 |
| Mutual fund fees (per $2k investment) | $3.8 |
| EU government bonds (per $2k investment) | $7.5 |
| US government bonds (per $2k investment) | - |
Data updated on June 17, 2024
| Assets | Barclays |
|---|---|
| Stocks and shares ISA | Yes |
| Cash ISA | Yes |
| Lifetime ISA | No |
| Innovative Finance ISA | No |
| SIPP (Self-Invested Personal Pension Account) | Yes |
Data updated on June 17, 2024
If you're not sure what SIPP means, we are building a SIPP hub on BrokerChooser to collect all SIPP-related topics in one place.
If you made your choice to jump in SIPP, I'd reccomemend you to read about our Best SIPP brokers, our top list.
Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.
Further reading
Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.
