Pension Trading Account

As part of a review of our products, we have decided to focus on our core products, that are offered directly to customers, rather than via a third-party pension provider.

Some assets may not be able to be sold or transferred. In that case, the asset(s) will need to remain in the account until they are resolved or delisted. However, Pension Trading Accounts with no cash and only assets that cannot be valued are not charged any monthly fees. Please bear in mind that if any assets return to value, fees may resume in line with the terms of the account.

Cash can only be withdrawn from the PTA in GBP. Any foreign currency balances must be converted back to GBP before they can be withdrawn by your pension provider.

We do not offer financial advice. You can access free, impartial guidance about pensions and help choosing a financial advisor from MoneyHelper.

There are no ii charges for transferring to another provider, or for cash being withdrawn back to your/the main pension bank account. However, if assets need to be sold, or foreign currency converted before transferring or withdrawing, these operations are subject to our standard charges.

From November 2023 we began charging a supplemental fee of £30 per month, in addition to the monthly subscription plan fee.

From July 2024, this supplemental fee will increase to £50 per month.

Your PTA is a trading account that forms part of a pension you have on another platform, or with another provider, allowing you to use some of the assets of that pension to trade on the ii platform. Money moving to and from the PTA must go via your pension provider.

The ii SIPP is a pension scheme that is wholly held on the ii platform and does not involve any third-party pension provider. You can contribute directly to your ii SIPP, trade and manage your account via our web site.

As the PTA forms part of another provider’s pension, it cannot be transferred directly into an ii SIPP. The only way to keep assets currently held in a PTA on the ii platform is to transfer all or part of that pension to an ii SIPP. This would allow assets in the PTA to be transferred  to the ii SIPP and be available online, together with any other ii accounts you hold. How suitable this is depends upon your individual circumstances and we recommend that you discuss this with your Pension Provider and an authorised Financial Advisor. More information about transferring to the ii SIPP can be found here.

Pensions with multiple members cannot be transferred to the ii SIPP.

Your share of your pension may be able to be transferred independently, but you will need to discuss your options with your current pension provider.

We will contact your pension provider to arrange payment of any dividends etc to your pension.

As there is no access online to PTA accounts, any new account documents will be sent to your postal address.

If you require a copy of a document from before 30 April 2024 sending to you, you will need to call us on 0345 607 6001. Our lines are open from 7.45am until 5.30pm, Monday to Friday.

Your share of your pension may be able to be transferred independently, but you will need to discuss your options with your current pension provider.