Barclays Logo

Barclays SIPP charges explained

Your expert
Eszter Z.
Fact checked by
Adam N.
Updated
6d ago
Personally tested
Data-driven
Independent

Do SIPPs cost more?

Wanting to control you investments for you retirement is a very natural thing. The Self-Invested Personal Pension (SIPP) is a type of personal pension that allows you to manage your pension pot in a tax-efficient way. And SIPP charges are not that different from normal trading fees.

SIPP is a great option if you want to control your own investments. Typically, SIPP accounts do not cost more than having a trading account, while with SIPP you can also take advantage of the tax benefits.

We, at BrokerChooser, want to help you make sense of a complicated financial world, so we checked brokers that offer SIPP to save hours of research for you. Find our top recommendations for best brokers for SIPPs here.

But first, let's see what fees you need to take into account when opening a SIPP account!

BrokerChooser score
4.0 4.0 /5
Visit broker

What are the SIPP charges at Barclays

Fees associated with a SIPP account are generally the same ones you would to pay when holding a regular trading account with a broker. If you want to learn more about what these fees mean, check out our explainer.

Here is an overview of the typical fees for a SIPP account:

Non-trading fees:

  • Account fees: fixed amount, or a percentage of the value of the portfolio
  • Custody fees: fixed fee charged for managing your account
  • Inactivity fees: charged after a certain amount of time you stop using your account

Trading fees: charged when you invest in an asset (same as with a trading account)

  • It depends on what asset you trade and on which market
  • You might need to pay a conversion fee if your transaction requires a currency conversion
SIPP related fees at Barclays
Account fee
No
No
No
Annual SIPP management fees
$169.0 $180.0 $0.0
Custody fee
Yes
No
No
Inactivity fee
No
No
No
UK stock
$7.5
$14.9
$14.4
US stock
$7.5
$14.9
-
EU/UK government bond
$7.5
$14.9
-
US Treasury bond
-
-
-
Fund trading fee
$7.5 $0.2 $0.1

Data updated on June 17, 2024

Are there other SIPP related charges to consider?

No, the table above covers all costs that might occur when using a SIPP account. However, if you decide to move your pension to another service provider, the sending service provider might charge you a transfer out cost.

It is either a:

  • Fixed fee: e.g. $145 per transfer
  • Variable fee: that is calculated per asset in portfolio

Let's see the how much it would cost to transfer a portfolio with 10 assets.

Transfer out cost of a pension portfolio of 10 assets at Barclays & competitors
SIPP transfer portfolio out fee
$0 $0 $141

Data updated on June 17, 2024

Our expert team here at BrokerChooser specializes in helping you find a broker that best suits your needs. We have reviewed over a 100 brokers based on BrokerChooser's unique methodology.

If you have any feedback or questions, feel free to contact us via email!

Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.

Got questions?
Engage with our growing community of traders and investors like you to find your answers.
Join now

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.

author image
Eszter Zalán
Author of this article
Eszter is a former Editor and Financial Journalist for BrokerChooser. She wrote and edited BrokerChooser's content from 2021 onwards, bringing her more than a decade-long experience in journalism to the team. She has covered world affairs and several financial crises, and dove deep into SEO and coding to make BrokerChooser's content more accessible to users.
×
I'd like to trade with...