Yes. Multi-currency is supported within the Trading 212 SIPP. You can hold balances and invest in assets across all supported currencies directly within your SIPP account.
Is there a fee for currency conversion?
Currency conversion between supported currencies is available within your SIPP at a 0.15% FX fee. You can reduce currency conversion costs if you already hold the relevant currency; however, all deposits and withdrawals must be in GBP.
Can I deposit in a currency other than GBP?
No. All deposits into your Trading 212 SIPP must be made in GBP only. We are unable to accept deposits in any other currency.
How are dividends handled?
Dividends paid in a foreign currency are automatically converted into your primary currency at the live interbank FX rate. No FX fee is applied to dividend currency conversions.
Will US dividends be subject to withholding tax?
For eligible US dividends held within a SIPP, Trading 212 applies a 0% withholding tax rate, meaning you receive those dividends in full. Please note, some US securities fall outside this treatment and will be subject to withholding tax.
đź“„ Note
Tax treatment depends on your individual circumstances and may be subject to change.
Does my SIPP earn interest on uninvested cash?
Yes. Uninvested cash held in your Trading 212 SIPP earns interest automatically. The interest rate is variable - you can always check the current rate in the app. Interest is credited to your cash balance daily.
đź“„ Note
Interest earned within your SIPP sits inside the pension wrapper and is sheltered from UK income tax and capital gains tax while it remains in the account. It does not count as a contribution and does not affect your Annual Allowance.
How do I disable interest on my SIPP?
If you'd rather not earn interest on your uninvested SIPP cash, you can turn it off at any time.
To disable interest:
- Open your SIPP settings
- Tap Interest on cash
- Switch the toggle off
You'll see a short confirmation before the change is applied. Once you confirm, interest stops accruing from that moment - not from the end of the day.
Any interest already accrued up to the point you disable it will still be paid out in the next distribution run. You can turn interest back on at any time from the same setting.
đź“„ Note
By default, interest on uninvested SIPP cash is enabled for all accounts. Nothing changes for you unless you actively switch it off.
How can I invest within my SIPP?
You can place individual buy orders at any time by investing directly from your SIPP cash balance. These are one-off transactions placed at your discretion.
You can also set up automated regular investments using the Pies feature. Pies allow you to build a custom portfolio and invest into it automatically on a recurring schedule.
How it works
- Create a Pie within your SIPP and add the instruments you want to invest in.
- Set a recurring investment schedule - for example, weekly or monthly.
- You can adjust, pause, or stop your Pie at any time.
Can I withdraw from my SIPP in a currency other than GBP?
No. All withdrawals from your Trading 212 SIPP are made in GBP only. We are unable to process withdrawals in any other currency.
If you hold assets denominated in another currency within your SIPP, these will need to be sold and converted to GBP at the prevailing exchange rate before being made available in your cash balance for withdrawal.