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SIPP charges

Over half of our SIPP customers fully offset their custody fees, so they only pay to trade

  • Low-cost SIPP

    The EQi SIPP

    Our low-cost SIPP provided by Platform One Ltd, has a flat annual management fee of £118.80 for the administration and trustee services of your SIPP

  • Flat rate

    Custody fee

    We charge a fee of £17.49 per quarter for holding your assets. Because it is a flat fee, no matter how high the value of your investments climb, the custody fee remains the same

  • Commission

    Trading fees

    When you buy and sell investments you pay a dealing commission, this applies to all assets except fund purchases which are free; we charge a percentage-based fee called the "funds platform fee" for holding funds

  • Fee is


    Anything you pay in online dealing commissions and funds platform fees will be deducted from your custody fee. Over half of our SIPP customers fully offset their custody fee, so they only pay to trade

Fees matter

Fees matter as, like interest rates, costs compound over time.

If you pay out less year on year, you’ll have more to invest which can go a long way to helping you meet your long-term retirement goals.

We are committed to remaining competitive for every DIY investor and our pricing is tailored to your activity. As well as low fees, the more you trade, the more you can save. Over half of our SIPP customers fully offset their custody fees, saving £70.00 per annum.

Example: Offsetting

  • Custody fee


    The quarterly custody fee for your SIPP

  • Dealing commission


    The cost of two share trades at £10.99 each

  • Offset custody fee


    As the dealing commission of £21.98 fully offsets the custody fee of £17.49, no custody fee is payable in this quarter

Investment Risk Warnings

The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

EQi does not provide investment advice. If you are in any doubt as to the risk or suitability of an investment or product you should seek advice from an independent financial adviser.

The extent and value of any ISA tax advantages or benefits will vary according to the individual's circumstances. The levels and bases of taxation may also change.

  • Custody fee

  • Dealing commission

  • Funds platform fee

  • SIPP administration and trustee fees

  • £0

    You’ll pay no dealing commission if we don’t meet best execution

  • £0

    Open a SIPP and you'll get a dealing account free of charge

  • £0

    The custody fee can be fully offset by online dealing commissions and funds platform fees.

Costs of workplace pensions vs. a SIPP  

Workplace pension costs vary. Annual fund charges are capped at 0.75% for workplace pensions, however employers often negotiate a rate closer to 0.5%* (not including transaction or drawdown fees). On a pension pot of £150,000, this would be £750.00 per year.

With the same £150,000 pension pot in an EQi SIPP, you would pay a funds platform fee of £400.00 per year (fully offsetting the Custody Fee) and £118.80 in administration fees to Platform One. This could be a saving of £231.00 per year.

And, like many of us who have had several jobs, you may be paying fees to several different pension providers. A SIPP allows you to combine many pensions into one pension pot, to avoid paying multiple fees. Consolidating pensions is not right for everyone and you should speak to a financial adviser before doing so.

A SIPP also allows you to invest in a wider range of investments than most workplace pensions so you can create a more diversified portfolio, which could have a positive impact on your investment over time.

Find out more


  • General administration and postage fees

  • Transfer out

  • Banking charges

  • Probate valuation

  • Interest payable on cash


    Fund picks for seasoned investors

    Emerging Markets, US equities or Asia, we've got 3 funds to choose from

  • WHY EQI?

    The EQi SIPP

    Enjoy more control and access to a wider range of investment options and benefit from attractive tax advantages

  • EQi explains

    SIPPs explained

    Learn more about how SIPPs let you take an active part in investing for your future

*Source: Aviva, 2018