Interest on cash - SIPP


Is the 3% interest paid on cash balances up to £4k applicable to SIPP’s?

If so, I’m assuming it’s just 3% up to £4k balance, then anything over @ 0%?

Many Thanks

Sounds about right

Don’t think it’s paid for SIPP’s which is what I’m asking!

Only other options are let it sit at 0% and be eroded by inflation, money market funds (but do carry risk) or invest properly (which rn I think is a big risk)! I really want some risk free %interest on my free cash

It’s paid for all accounts (GIA, ISA,SIP)

I only have a sipp and get a few pennies interest paid each month.

The above is a total lie, it’s an isa I have with ft :rofl::rofl::rofl:

My sipp is with vanguard, apologies I get easily confused.

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You have £4,000 uninvested in any of the accounts?

I did have around £4k uninvested in my ISA for a while (emergency cash), until I was able to get higher than 3% interest elsewhere in a cash ISA.

There was always a temptation to invest, so I’m kind of glad it’s not there any more :laughing:

Also, I do get the odd few pennies of interest paid in my Freetrade SIPP, but that’s a recent thing.


Yeah from cash you might be sitting on etc for a buy in I got a few pennies as well for my £150.injust pay the yearly cost for my standard account and that that.

I’ve got a penny interest in my SIPP last month. First time I’ve seen it. Some of the documentation I’ve seen suggests that the SIPP might not pay interest, which is why I’ve tried to keep the cash balance the low, however would be nice to get a bit of interest whilst saving up for larger shares.

The archive for the FAQ page I linked to from March '23 mentions only GIA and ISA

The current page also mentions SIPP and that the article was updated over a week ago.

Current: How is cash interest calculated for Plus plan members? | Support

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