Hi @Eden,
Inspecie transfers are definitely in our plans and we will start working to support inspecie straight after we launch our SIPP. Weāll be offering cash transfers only from launch.
4 Likes
Yes from initiation @Wulfy @stephen.
Check out our FAQs on the SIPP page for more details on this - Open SIPP - Self-invested personal pension account | Freetrade
3 Likes
Hey @jlbpower 
Great question! I canāt give exacts at the moment but I can say that, for the most part, our SIPP universe will reflect our current universe. Furthermore, SIPPs tend to be less restrictive than ISAs. We will share all these details a little closer to our launch so watch this space.
The Plus universe and non-Plus universe differences will still apply for the Freetrade SIPP. If you are a Plus member youāll get Ā£3 discount per month off your SIPP price though if you are thinking of giving Plus a try!
8 Likes
Very helpful, thank you. Looking forward to learning more.
1 Like
Thanks, information appreciated 
Iāll give it a think
I recently transferred my Pension from Aegon to Hargreaves, this landed into my Hargreaves account as cash. My question is can I now initiate a transfer of that cash from HL to Freetrade ?
1 Like
As posted a few posts up, cash transfers are whats supported at launch. So you HL SIPP can be transferred to Freetrade as cash. Assets not as cash would be sold.
Sounds like perfect timing to me
I still donāt get how the Sipp offered by FT is going to be cheaper if I chose to invest in VUSA for example when compared to HL
Am I missing something?
The difference is pretty simple, Freetrade is a flat fee product, HL is a % tiered cost product.
- Freetrade has a Ā£10/m product charge regardless of the amount in your SIPP
- HL charges 0.45% for shares up to Ā£200 a year, and 0.45% on funds up to Ā£250,000, 0.25% between 250k-1million, 0.1% above 1 million. Plus dealing costs for buying and selling at Ā£11.95 for shares, or Ā£1.50 if buying monthly on direct debit on a set group of share types
In the case of only having Ā£5k invested then HL is cheaper, but thatās always been the case with fixed fee vs % fee
Also if youāre going to go VUSA, then use Vanguard, its cheaper than both Freetrade and HL at those amounts.
And thats the question to ask. How much do you have (no need to say here), what are you wanting to invest in, how are you wanting to invest. Then identify the right platform that fits those needs.
7 Likes
thanks, that sums it up perfectly
1 Like
Did we get to the bottom of people not getting a confirmation email. I might have joined the waitlist already I suspect. I can see an email asking me to confirm singing up for information on FT SIPP. Would that be it?
1 Like
You should contribute your requirements to this thread Account Statements & Data Exporting - What formats would you want to see?
It is because you have already joined the waitlist - had the same
1 Like
Sorry for the lame question, but if Freetrade charges only 10Ā£ per month for SIPP and there are no other % fees (as opposing to HL), is it true that free AMZN stock is way too high customer acquisition cost? It would take >20 years to reach LTV CAC ratio above 1. Or am I missing something? I know that not everyone would receive amzn, but stillā¦
2 Likes
Oohhh Freetrade, you havenāt have you!
This. Is. Huge.
4 Likes
I think the key thing youāre missing is marketing tactic of:
ooooh shiny amazon stock
The numbers seem to vary, but apparently the average pension pot seems to be around Ā£60-80k. And obviously pension sizes will be a lot less for younger investors (except you luck ones out there).
The number of people transferring a Ā£250k+ pension to freetrade is probably relatively small compared to the number of people transferring a pension up up to Ā£100k which expect the vast majority of transfers to be in the Ā£20-100k bracket (just my guess).
that means that minimum free share for the middle of the road of the table is only looking at a 1-2 year āpaid forā SIPP via the share.
Keep in mind the SIPP has to be open for at least a year and youāve got a nice little incentive, plus a year of development work on the app to keep people around even more. Then someone who is transferring a Ā£250k pension likely also has a significant ISA and GIA somewhere which is incentive for them to open a plus account for freetrade to get an extra Ā£7/m brining your calculation down to 9 year.
9 years is still stupid but then thereās the business money moving aspect i donāt fully understand where cash coming in counts for more than spend cash even though the spent cash cost more than the cash coming in. Confusing yes, real yes. So in some aspect, giving away a Ā£2000 share to bring in Ā£17 a month can be more valuable than the initial Ā£2000 spend even though it cost way more than what youāre actually receiving back.
Yep I think youāre right - not actually going to be many moving pensions of that size but looks enticing for people to join.
You also need to consider the potential revenue from the FX fee which would quickly help you claw back that initial outlay if they make a few trades.
2 Likes
No employer contributions allowed 
Iād love to transfer away from interactive invester but if I canāt make contributions from my LTD company that means its a none starter for me, and many others no doubt
1 Like
As a SIPP is essentially a savings scheme some sort of automated investment mechanism is an absolute must here - both to add / invest new money and the monthly tax credit. As it stands will the 20% tax relief simply sit in your account as cash and require manual intervention to reinvest?