SIPP Costs and Charges
Effective from 1 May 2026
Version 2.0 | Invinitive Financial UK Ltd
Updated fee schedule: This document sets out the costs and charges applicable to the Invinitive SIPP from 1 May 2026. Please also refer to your previous Costs and Charges document for charges applicable before this date.
1. Overview
This document provides a summary of the costs and charges associated with holding an Invinitive Self-Invested Personal Pension (SIPP). It is designed to help you understand the total cost of investing and the impact charges may have on your returns over time.
All charges are stated inclusive of VAT where applicable.
2. Platform Fee
| Charge | Rate | Notes |
|---|---|---|
| Establishing your SIPP | No fee | |
| Annual SIPP fee for accounts less than £50,000 | No fee | |
| Annual SIPP fee for accounts over £50,000* | £150.00 | Once your account exceeds £50,000 the SIPP fee switches on for the life of the policy and will not switch off should your account go below £50,000. |
| Paying in any single or regular contribution | No fee |
3. Trading Fees
| Transaction Type | Fee | Notes |
|---|---|---|
| Annual Platform Custody Fee (% of AUM) | 0.25% (capped at £400) | |
| Buying / Selling Mutual Funds | £7.95 | |
| Buying / Selling UK and US Equities & ETFs | £7.95 | |
| Buying and Selling of International Equities & ETFs (except US) | £7.95 plus 5bps | |
| Buying and Selling of Bonds | £7.95 | |
| Rebalancing of portfolio (per transaction) | £7.95 | |
| FX transactions (of any size) | £7.95 | |
| In Specie Transfers In/Out (per asset transferred in) International | £50.00 | |
| In Specie Transfers In/Out (per asset transferred in) UK Domestic | £25.00 | |
| Telephone orders and Manual orders placed by Invinitive | £25.00 |
4. Foreign Exchange (FX)
The following charges apply to FX transactions across our supported currencies.
| Service | Fee | Notes |
|---|---|---|
| FX transaction fee | £7.95 | Per FX transaction, regardless of size. |
| FX execution rate | Spot rate + 0.0025 | FX is executed at the prevailing spot rate at the time of the transaction, plus a conversion margin of 0.0025. |
5. Other Charges
| Service | Fee | Notes |
|---|---|---|
| Benefit Crystallisation | No Fee | |
| Faster Payments / Open Banking Withdrawal in GBP | £15.00 | |
| Currency Payments and all International Payments** | £25.00 | Benefit payments in a foreign currency may initiate corresponding bank charges. These charges will be paid by the client in all instances. |
| One off payment of income / Adhoc lumps | As per wire fees above | |
| Payroll setup and Monthly income issued | As per wire fees above | |
| Transferring / Closing your SIPP within 12 months* | £250.00 | |
| Transferring / Closing your SIPP after 12 months* | No fee | |
| Death; claims, reassignment or payment | £300.00 | |
| Divorce & Pension Sharing Order | £300.00 |
6. Interest Paid on Cash
| Currency | Rate (AER) | |
|---|---|---|
| GBP | Variable as per Citibank | |
| EUR | Variable as per Citibank | |
| USD | Variable as per Citibank |
7. Regulatory Disclosure
All platform, trading and FX fees are charged and payable in GBP. Clients must ensure a sufficient GBP cash balance is maintained to cover applicable charges.
Invinitive Annual Custody Fees are calculated daily and accrued, then deducted quarterly (calendar). Pro-rated fees may apply. If you close an account mid-month a pro-rated fee to that date will be applied before any transfers/withdrawals occur. SIPP fees are taken on the first working day of the year, in full. If you open a SIPP with us mid-year, a pro-rated fee will apply. Please note that some investments you choose may have their own additional charges applied (initial and annual). Stamp duty of 0.5% applies on all purchases of UK quoted shares and 1% for Irish quoted shares. Stamp duty is also payable on certain UK incorporated securities which are traded as CREST Depositary Interests (CDIs). There is no stamp duty on purchases of unit trusts, OEICs, ETFs, warrants and Gilts. Additional charges may be payable for certain international markets. A PTM levy of £1.50 is payable on all UK stock transactions exceeding £10,000. All charges are deducted from your SIPP directly. You must always ensure that there is sufficient cash in your account to cover our charges and any pension benefit payments.
Investment values can fall as well as rise and you may get back less than you invest. Tax treatment depends on your individual circumstances and may change.
Regulatory Information
Invinitive Financial UK Ltd is authorised and regulated by the Financial Conduct Authority. Effective from 1 May 2026.
Document reference: INV-SIPP-CC-MAY2026-v2.0