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Best for Low-Cost SIPP 2022 - more than £50k

9 Feb, 2022

Readers, contain your excitement as we welcome you to the digital red carpet of the glamorous pension scene.

These awards reflect the lowest cost SIPPs today for average investor portfolios with more than £50,000 in the account. Providers which do not support drawdown have not been included.

These independent awards are compiled using customer reviews (30% of the score), Boring Money’s rigorous behind the scenes testing using our live accounts, charges (25% of the score) and customer service including call centres and support. These awards take our research team of 6 analysts over 2 months to research and collate, and recognise all round excellence in the SIPP space. In our opinion – and their customers’ opinion - they are the best Low-Cost SIPPs in the UK today for those investing without an adviser and who have more than £50k in the account. They are listed in diplomatic alphabetical order below.

Best for Low-Cost SIPP 2022 - more than £50k - winners list

More information about these awards

Why did we come up with these awards and the Best Low-Cost SIPP category?

Let's cut to the chase. Pensions are difficult enough to get excited about even when everything is explained to you nice and clearly. Sadly, the financial sector has a nasty habit of using impossibly complex terminology to describe a SIPP (Self-Invested Personal Pension), which is really simple to understand once you get the hang of it. It's basically a do-it-yourself, personal pension pot. You are in charge. It's the third ingredient in your pension cocktail. The two others are the state pension and your workplace pension.

Now, you're probably interested in investing in a SIPP because you want freedom, flexibility and control of your pension. You also want those tax relief savings - and one day you hope to pass on some of your wealth to your children or your grandchildren - while sparing them those complex inheritance tax liabilities. But, like millions of others, you probably find it hard to compare pension providers, understand what are the cheapest SIPPs, and make an informed choice before you put your money away. That's why we created the Best for Low-Cost SIPP 2022 to honour those brands who provide consistently good value for money for pension planners who are looking for a low-cost SIPP and have more than £50k to invest.

And how does this information help me find the best low-cost SIPP?

We didn't just come up with these awards to brag about these providers. We've done all this research to help you - the customer - make better financial choices as you approach retirement. Or maybe you've already retired and you're looking to transfer a SIPP to another provider to get a better deal. Whatever your circumstances, we've taken care of all the dull analysis so you don't have to.

And as you navigate our website and compare low-cost pensions or other products like ISAs, do look out for for those Best Buy logos next to the brand's name. We don't just give these out to anyone. Providers have to earn them. And the winners of this category have a good track record of helping their customers do their DIY pension planning confidently. Want to compare all pension winners in our Best Buys? See the full list of winners here. Looking for the best low-cost SIPPs but have less than £50k to invest? See our award winner for this category here.

Or compare all pension providers here.

Still not sure?

Not sure if a low-cost SIPP is right for you? Check out our 2-minute shortcut quiz to find out if other options might be better for you.

Our general reviews of ISA providers can be read on here.

Find out who our winners are for each of the other categories: Best Buy ISA, Best Buy Pension, Best Buy LISA, Best Buy JISA, Best for Sustainable Investing, Best for Beginners, Best for low cost ISA<£50K, Best for low cost ISA>£50K, Best for low cost SIPP<£50K, Best for Share Traders, Best for New Investment Platform, Best for Customer Service and Best App.