SIPP accounts are currently offered on a Beta basis and are available only to a limited number of users for testing purposes. During this period, features, functionality, and availability may be subject to change or withdrawal without notice.
We will announce when SIPP accounts become available to eligible UK-resident clients of Trading 212 UK Ltd.
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.
📄 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 monthly.
📄 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 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.