Self-Invested Personal Pension (SIPP)

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Self-Invested Personal Pension (SIPP)

Discover our Self-Invested Personal Pension (SIPP)

A Self-Invested Personal Pension (SIPP) is a flexible, tax-efficient way of saving for your long-term future. You can pay money into the plan up until you’re 75. You can start withdrawing money from as early as 55.

Invest in a SIPP from £100 or more.

Choose from our range of ready-made funds, each with a different level of risk that may suit your needs
Receive up to 20% tax relief on your contributions as a basic-rate UK taxpayer
Benefit from our easy-to-use online account.

Just starting your pension journey?

Saving for a pension means you can help fund your personal goals and provide an income in retirement.

Start investing

Are you looking to consolidate your pension?

Looking for a low-cost option to consolidate all your pensions into one pot?

Transfer your pensions

Are you at, or near retirement?

Over 55? Check out our great range of market-leading flexi-drawdown and annuity options.

Retirement options

Why our SIPP may work for you

Invest up to £40,000 per year in our low-cost, tax-efficient personal pension.

Let us take the strain

Let us take the hassle out of investing. Choose from five ready-made funds, each with a different level of risk that may suit your needs.

Easy access anytime

Monitor, setup regular payments or top-up on your savings with the help of My Account, our easy-to-use online account.

Low platform fees

With just 0.25% platform fees and low-cost multi-index funds, we believe, we offer you value for money.

Award-winning team

Our five multi-index funds, each designed with simplicity in mind, are run by our trusted team of award-winning experts.

Start investing today

Tax benefits of SIPPS

When you pay into your SIPP you get tax relief from the government, which we will claim on your behalf. You're eligible for tax relief if you're a basic rate or higher rate taxpayer. You may also qualify for tax relief if you are not earning.
Any money you may make from your pension increasing in value is tax free. So any potential gains from your stocks and shares appreciating, or any income you may get is all yours.
You can pay up to £40,000 tax-free into your SIPP. Furthermore, under the current inheritance tax rules, you may be able to leave your pension savings to your loved ones tax-free.

Learn about tax relief

SIPP FAQs

Is a personal pension (SIPP) right for you?

A pension is a good way of building up a pot of money to live on in retirement, when you may no longer work. If you can wait until you’re 55 to access your savings and you’re comfortable making your own decisions, a personal pension might work for you.

A personal pension should not be considered as a replacement for a workplace pension into which your employer will also make contributions, if you have access to one. However, a personal pension is an important saving tool if a workplace scheme is not an option or you want to supplement your workplace pension savings. For example, if you have maxed out your workplace pension and your employer is no longer matching your contributions, or if you want to consider alternative investment options, a personal pension could help you meet your goals. If you want the option to withdraw your money before you’re 55, an ISA may be a better option.

A personal pension may be right for you if:

You are self-employed
You work for a partnership
You have a limited company
You need flexibility
You are looking to consolidate your pension pot

A personal pension may not be right for you if:

You already have a workplace pension
You are looking to invest directly in property

What income will I need in retirement?

Will the state pension be enough for me in retirement?

You’re entitled to a basic state pension if you’ve paid National Insurance contributions during your working life. The size of your state pension depends on how many contributions you’ve made. The maximum entitlement is currently based on contributions of 35 years or more. Relying on the state pension alone (which now pays £179.60 per week) may not allow you to sustain your lifestyle in retirement, so it might be worth exploring additional savings options, such as a personal pension, that you can combine with your state pension.

For more information, please visit GOV.UK.

View all FAQs

Risk warning

Please remember the value of your investment and any income from it may fall as well as rise and is not guaranteed. You may get back less than you invest. Tax rules may change in the future and their tax advantages depend on your individual circumstances.