What’s happening?

We’ve redesigned our investment accounts and benefits so that our Freetrade customers now have a choice of three investment plans: Basic, Standard and Plus.

Following these changes, the stocks and shares ISA and Self-invested personal pension (SIPP) are no longer being offered as standalone accounts. The ISA is now part of the new Standard plan, which costs £4.99 per month and both the ISA and SIPP collectively are benefits of the new Plus plan, which costs £9.99 per month.

What it means to you!

You'll now gain access to all Plus benefits in-app for the same cost as you would previously have paid for a SIPP at £9.99 per month. See the table below for more detail on what’s changing!

What do I need to do?

We’re giving you free access to Plus for 60 days because you have previously opened a SIPP that is not yet funded. A SIPP is now only available through our Plus plan.

After this 60-day trial, you can choose whether to keep the Plus subscription or downgrade to a Standard subscription. Our Plus plan costs £9.99 per month and includes the cost of a stocks and shares ISA and a SIPP alongside access to our full range of over 6,000 stocks and ETFs, limit orders and stop loss orders, analyst ratings, the beta of Freetrade Web, 3% on uninvested cash up to £4,000, and many more benefits.

You may, however, decide that you only want to pay for our Standard plan. This is £4.99 per month and includes the cost of your ISA, but not a SIPP. We’ve also added access to our full range of stocks and ETFs, limit orders and stop losses, 1% interest on uninvested cash up to £2,000, and more.

For reference, your stocks and shares ISA currently costs £3 per month.

If during the next 60 days you contribute to your SIPP, you will start paying £9.99 per month for Plus as soon as your SIPP is funded. You’ll also continue to enjoy all the other Plus benefits. There will be no change to your ISA, which will remain open as normal.

If at the end of the 60 days your SIPP balance is still £0.00, your SIPP will automatically be closed and your account will be downgraded to the Standard plan, at £4.99 per month.

That’s because the stocks and shares ISA is now part of Standard and Plus, so to continue using your ISA you have to be either a Standard or Plus member.

If you decide not to continue on Standard, you can downgrade to Basic, which has no monthly fee. However, that means that you will first need to transfer out your ISA. There is no fee to transfer away and close your Freetrade ISA, but there are some restrictions around transferring out non-UK stocks

For now, you can start thinking whether contributing to a SIPP is the right decision for you and what plan suits you best. Here are a few resources to get you started. If you'd like to add cash to your SIPP or start a pension transfer, just head to the Account tab in-app to kick off this process!

See how the Basic, Standard, and Plus plans compare here. To downgrade, just head to the “Portfolio” tab > 👤 Profile icon> “Manage my plan” in-app.

If you have any questions, please reach out to us via priority in-app chat by tapping on the 👤 Profile icon on the “Portfolio” tab and selecting “Contact us”. You can also email us at [email protected].

Before

Now

Your accounts and benefits

Basic plan

Standard plan

Plus plan

Account Types

GIA

Stocks and shares ISA

Unfunded SIPP

GIA

GIA

Stocks and shares ISA

GIA

Stocks and shares ISA

SIPP

Benefits

Access to a limited range of 4,000+ US, UK, and EU shares and ETFs.

Access to a limited range of 1,500+ US*, UK, and EU shares and ETFs.

Access to the full Freetrade range of 6,000+ US, UK, and EU shares and ETFs

Limit orders & stop losses

1% on uninvested cash (up to £2,000)

Access to the full Freetrade range of 6,000+ US, UK, and EU shares and ETFs

Limit orders & stop losses

3% on uninvested cash (up to £4,000)

Priority customer service

Analyst ratings

Freetrade Web

Cost

£3.00/mo

£0.00/mo

£4.99/mo

£9.99/mo

*the list of US stocks will be limited to the Freetrade US 500, a customised list of Large Cap US companies with valuations over $1b.

When you invest, your capital is at risk. The value of your portfolio can go down as well as up and you may get back less than you invest. Pension and tax rules apply.

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). Current rules can change. Freetrade does not currently offer drawdown products for our SIPP. Before transferring a pension you should ensure that this is the right thing for you to do and in particular you will not lose valuable guarantees or incur excessive transfer penalties. Pensions are usually transferred as cash so your savings will be out of the market for a period and therefore there is a risk you may lose out on investment gains during this period.

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