Self Invested Pension

If you are looking for investment freedom in a self invested pension then a Self Invested Personal Pension may be for you.

A SIPP hands you control over your pension planning without the restrictions of a managed pension fund.

It is really a DIY pension where you have control over what you invest in.

It allows you to manage the assets in your pension fund, with a diverse mix of investment options, including access to global equity markets, bonds, exchange traded funds and commodities.

In a SIPP, as you take responsibility for the investment decisions it is important that you are comfortable with taking these decisions and fully aware of the risk associated with particular investments before making a decision to invest.

Once you reach age 55 you can then access your pension pot and have flexibility on how you take the benefits.

Benefits of a SIPP include:

  • You can invest up to £40,000 pa with tax relief
  • Manage your SIPP online with many providers with some offering mobile apps so you can keep up to date on the go
  • Save from as little as £25 pm
  • Access a wide range of investment options
  • A range of charging structures are available depending on your requirements
  • Helpful tools and expert advice and opinion to help you with your decision making

What are the tax benefits of a SIPP?

When you invest in a SIPP your investments will grow without capital gains or income tax. Secondly when you contribute your contributions will recieve government tax relief. How much relief depends on your personal tax position.

So if you are a basic rate tax payer any personal contribution made will receive relief at 20% (based on current pension and tax rules). So if you pay £800 into a SIPP the taxman will put another £200 to make it up to £1,000. If you are not a tax payer you can make contributions up to £3,600 pa including tax relief, so by putting in £2,880 the taxman would add a further £720 into the SIPP.

If you are a higher rate tax payer you can claim additional tax relief via your HMRC tax assessment. As an example a higher rate tax payer putting in £8,000 into a SIPP would get £2,000 added to the SIPP and in additional a further £2,000 rebate from the taxman, so for a total contribution of £10,000 the government is effectively putting £4,000 back into your pension, with a cost to you of £6,000.

For more information on SIPPS, Hargreaves Lansdown have published a useful FREE guide to SIPPS which you can access here.

Free Sipp Review

Self Invested Pension

Take Control of your pension!

self-invested personal pension (SIPP) is different to a traditional pension. Instead of limiting your investment options, a SIPP opens the doors, giving you more choice in how you invest your money. Like other pensions, the government will still give you up to 46% tax relief on the amount you pay in. Once your money is in a SIPP, you won’t have to pay tax on any gains or income your investments make.
  • Low cost award winning pension – Fixed fee plan keeps costs down over long term
  • Investment choice – Choose from more than 40,000 investments
  • Ready made funds and investment ideas – Making it easy to select investments
  • Expertise – Research, ideas, and updates to help you with your investment decisions
Low Cost Self Invested Pension »

Compare Self Invested Pension Providers

Invest From
£2
Investment Options
Invest in 6,100+ US, UK & European stocks & ETFs commission-free
Fees
From £9.99/month with £0 trading fee & 0.39% FX fee
Transfer In Existing Pensions

SPECIAL OFFER: Get a free share worth between £100 and £2,100 when you open & top up or transfer a SIPP on or before 5 April 2024. Capital at risk. SIPP eligibility, tax rules & T&Cs apply. Free share value weighted on net funding

Invest From:
Any Lump Sum or £25 per month
Investment Options:

A low cost award-winning SIPP that gives you a choice of over 40,000 investments; Selected funds; Ready made portfolios.

Admin Charges:

Sipp fee: £5.99 pm – assets up to £50,000, £12.99 pm – assets over £50,000

 

Transfer In Existing Pensions:

Get your pension SIPP-shape with £200 cashback. Offer ends 5 April. Capital at risk. Terms & fees apply. Min £15k investment. New customers only

 

Why we like it: A new, straightforward way to build your pension has arrived. Open an ii SIPP for just £5.99 a month (assets up to £50,000. Over £50,000 the fee is £12.99 pm). Which? Recommended SIPP Provider 2023. Transfer your pension to an ii SIPP. Terms apply. Capital at risk

Invest From:
Any Lump Sum or £100 per month
Investment Options:

Low-cost personal pension from award-winning provider Bestinvest. Choose from thousands of investments, get inspiration from guides and articles or opt for a Ready-made Portfolio

Admin Charges:

Sipp fee: up to 0.4% pa 

 

Transfer In Existing Pensions:

Why we like it: Choose from 1,000s of funds, ETFs, investment trusts and nearly all UK shares. Alternatively, let experts choose and manage your investments with a low-cost Ready-made Portfolio. Capital at risk.

Invest From:
£25 pm
Investment Options:

A wide choice of investments, including over 2,000 funds, shares from 25 markets, ETFs, investment trusts and more

Platform Fees:

£0 – £250k: 0.25%
£250k – £500km: 0.1%
Over £500k: FREE

Transfer In existing Pensions:

SPECIAL OFFER: Win one of ten £1,000 John Lewis vouchers when you open and deposit £1,000 into an AJ Bell SIPP, Stocks and Shares ISA or Stocks and Shares LISA account before 30th April 2024. T&C’s apply

Why we like it: There are no charges to set up their SIPP and if you are moving an existing SIPP to them there are no transfer in charges. With AJ Bell you can deal from as little as £1.50, and you will never pay more than £5.00 per online deal. With investments, your capital is at risk.
Invest From:
£25 pm
Investment Options:

 

Over 11,000 investments to choose from including funds, investment trusts, ETFs, company shares, bonds and more.

Admin Charges:

 

£0 – £250k: 0.45%
£250k – £1m: 0.25%
£1m – £2m: 0.10%
Over £2m: FREE

Transfer In Existing Pensions:
Why we like it: Award winning pension provider, HL are a FTSE 100 Company and the UKs biggest SIPP provider which is testimony to the service they offer their 1m+ clients. With no setup or transfer in charges, and no charges to buy or sell funds, Hargreaves Lansdown offer a flexible SIPP where you invest as little as £25 pm. With investments, your capital is at risk.
Invest From
£20 pm
Investment Options

 

Thousands of funds to choose from; Select 50 – Browse a list of expert picks. Pathfinder – Risk profiled fund options. Investment Finder – Search 1000s of investment ideas.

Service Fee

Less than £25,000: 0.35% if you have a regular savings plan or £90 (£7.50 a month) if you don’t
£25,000 or more but less than £250,000: 0.35%
£250,000 or more but less than £1 million:  0.20% – and you will automatically qualify for Fidelity’s Wealth Management Service benefits
£1 million+:  0.20% a year for the first £1 million and no service fee for investments over £1 million

Transfer In Existing Pensions
Why we like it:  The Fidelity SIPP offers low cost pricing with an extensive range of investment options with user friendly selection tools as well as planning calculators and retirement guidance. If you are transferring from an existing SIPP they will cover up to £500 of transfer out fees. Fidelity with over $300 billion of assets, are one of the largest money managers in the world. With investments, your capital is at risk.

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Offers
Important Risk Information: This website contains information only and does not constitute advice or a personal recommendation in any way whatsoever. The value of investments and income from them can fall as well as rise and you may not get back the full amount invested. The tax efficiency of pensions is based on current tax law and there is no guarantee that tax rules will stay the same in the future. Different types of investment carry different levels of risk and may not be suitable for all investors. Prior to making any decision to invest, you should ensure that you are familiar with the risks associated with a particular investment and should read the product literature. If you are in any doubt as to the suitability of a particular investment, both in respect of its objectives and its risk profile, you should seek independent financial advice. * Details of how the Financial Services Compensation Scheme applies to investment firms can be found at fscs.org.uk.