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.

Fair Investment

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.

  • Security – Hargreaves Lansdown are a FTSE 100 company and the UK’s biggest SIPP provider
  • Control – Check your pension whenever you like, online and with the HL app
  • Support – Pensions Helpdesk is on hand to answer your questions six days a week
  • Expertise – Research, ideas, and updates to help you with your investment decisions

Low Cost Self Invested Pension »

Compare Self Invested Pension Providers

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: £10
Investor Plan: £9.99 per month
Funds Fan Plan: £13.99 per month
Super Investor Plan: £19.99 per month

Offer: Open today and pay no SIPP fee until April 2021 (T&Cs Apply) 

Transfer In Existing Pensions:

Why we like it: For larger pension funds, Interactive Investor offer a flat fee SIPP which over the longer term could save you money as costs stay the same as your portfolio grows.

Open a SIPP by 30 September and get £60 Cashback. Terms apply

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.

Invest From:
£40 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.

Admin Charges:

 

£45 up to £7,500 a year or 0.35% via monthly regular saving plan.
£7,500 – £250k: 0.35% £250k – £1m: 0.2% £1m +: free

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.

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

Admin Charges:

 

£0 – £250k: 0.25%
£250k – £1m: 0.1%
£1m – £2m: 0.05%
Over £2m: FREE

Transfer In existing Pensions:

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 £9.95 per online deal.

Invest From:
£25 per month
Investment Options:

 

Funds selected for you based on risk profile

Annual Platform Fee
0.60%
Transfer In Existing Pensions

Why we like it:  For investors who want a expert plan put together for them based on timescales and investment risk profile Wealthify (backed by AVIVA) offer a tech savvy low cost option. Your money is invested in a range of funds including shares, bonds, property and commodities using mainly low cost passive investments such as ETFs and mutual funds. Fund houses used include Vanguard, Blackrock and Fidelity. Wealthify also offer an ethical investment option.

Invest From:
No Minimum
Investment Options:

 

7 Plan options; Tracker, Tailored, 4Plus, Future World, Shariah, Preserve and Match.

Admin Charges:

 

From 0.50% to 0.95% pa depending on the plan you choose.

Transfer In Existing Pensions:

Why we like it: Pension investing made simple. Pensionbee offer 7 risk profiled investment plans managed by leading world investment managers including State Street Global Advisors, BlackRock, Vanguard and L&G. It’s free to change your plan at any time & if you don’t want to decide straightaway you can simply pick their most popular plan “Tailored” which automatically moves your money into safer assets as you grow older. For funds over £100,000 management fees are reduced e.g. for their tracker plan the annual charge is 0.25%.

Invest From
£25 per month
Fund Choice
Funds selected for you based on risk profile
Annual Platform Fee
0.68%
ISA & Pension Options

Why we like it:  For investors who want a expert plan put together for them based on timescales and investment risk profile Moneyfarm (backed by Allianz Global Investors) with over 40,000 investors across Europe offers a select range of asset classes, geographies and currency exposures to minimize risk and maximise growth. There is a focus on keeping costs low and quality high. Moneyfarm use ETFs to build their portfolios. typically your portfolio will contain 7 to 15 funds based on your risk profile and goals.

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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.