Self Invested Personal Pensions
Compare UK SIPP Providers
AJ Bell Youinvest SIPP
The AJ Bell Youinvest SIPP has over 4,000 funds and over 21 markets, investment trusts, tracker funds (ETFs) and stocks and shares to choose from
- Voted “Best SIPP Provider 2016” by City of London Wealth Management Awards “Best Low-cost SIPP Provider 2015” by Investors Chronicle and FT Investment and Wealth Management Awards
- Online share dealing £9.95 and pay only £4.95 per trade when you place 10 deals or more per month
- Online fund dealing £4.95
- 0.20% fund custody charge (max £200 per annum)
- £25 pm minimum regular investment
Hargreaves Lansdown Vantage SIPP
Choose from more than 2,500 funds, shares, investment trusts, gilts, corporate bonds, ETFs and cash
- No SIPP set-up, transfer-in or fund-dealing fees. Online share dealing at £11.95 per deal, or as low as £5.95 per deal for active traders with a low annual charge to hold shares of just 0.45% (capped at £200 per annum)
- FREE research on popular investments
- Free mobile app to deal shares, access prices, indices, news and research.
- Voted Best SIPP Provider seven years running
- Up to 45% tax relief on your contributions
- A 25% tax-free lump sum. You can normally take up to a quarter of your SIPP without having to pay tax, after you’ve reached the age of 55
- SIPPs are a type of pension for people happy to make their own investment decisions
- Investments go down in value as well as up so you could get back less than you invest
- You can normally only access the money from age 55.
- Tax reliefs depend on your circumstances and the rules could change in the future
- If you’re unsure about the suitability, we recommend you ask for independent advice
Nutmeg Personal Pension
In a nutshell we learn about you, choose investments for you and then, with your contributions, build and manage your pension portfolio on your behalf
- You can start or transfer a pension online quickly and easily with our award-winning service
- Your own intelligent, diversified portfolio, regularly rebalanced and fully-managed by our expert team
- We generally invest only in high-quality, low-cost exchange traded funds
- All your investments in one place, plus instant 25% government top-up on regular personal net contributions
- If you ever have a question our support team are available by phone, web chat or email
- See how your investments are performing and exactly how much you’re paying — online, 24/7
- As with all investing, your capital is at risk. The value of your pension can fall as well as rise and you may get back less than you invest
- All for a low fee from 0.35% to 0.75% incl. VAT. There are also underlying investment charges, please see our fees page
- Eligibility to invest in a pension depends on personal circumstances
- Tax treatment depends on your individual circumstances and may be subject to change in the future. If you need help with pensions, seek independent financial advice
- You can’t withdraw money from a personal pension until you’re 55
What is a self invested personal pension plan?
SIPP stands for Self Invested Personal Pension.
It is a personal pension plan but has the added advantage that you, as the investor, have complete control over the investment strategy and investments contained in the pension plan.
How does a SIPP work?
Personal pensions are usually provided by insurance companies and they often limit your choice of investment to a number of investment funds, often managed by the same company.
A SIPP should be viewed as a tax efficient wrapper into which you can invest almost any type of financial asset. Although a SIPP may be provided by an insurance company, it can also be provided by specialist SIPP administrators.
A SIPP provider will establish the SIPP wrapper which will receive all the tax advantages that are enjoyed by a standard personal pension. Once the SIPP has been set up, you invest your lump sum or begin investing regular contributions which will initially be placed in a cash account.
The list of permitted SIPP investments is extensive and includes:
- UK and international company shares
- UK and international government and company debt (gilts and corporate bonds)
- Collective investment schemes such as unit trusts, pension funds, investment trusts
- Commercial property
- Deposit funds and currency
- Futures and options
How much can I invest in a SIPP?
You will receive tax relief at your highest rate on any contributions that you make within the annual allowance.
You usually pay tax if savings in your pension pots go above:
100% of your earnings in a year – this is the limit on tax relief you get
£40,000 a year – check your ‘annual allowance’
£1.03 million in your lifetime – this is the lifetime allowance
Even if you are a non-taxpayer the government will pay the basic rate of tax on top of contributions up to £3,600 a year.
Is a self invested personal pension right for me?
If you are unsure about whether to invest in a SIPP, further advice can be sought from an independent financial adviser.
Generally, SIPPs are suitable for investors who want to be in control of their pension investments, have a wide choice of investment options, require flexibility over their investment strategy, and are comfortable making their own investment decisions.
There will be some fees involved with a SIPP, with charges varying between providers. There may also be initial and annual management charges for specific investments made.
There will also be a charge if you receive financial advice about SIPP investments. However, many SIPPs are primarily non-advised services so there is no financial adviser costs.
If you have an existing pension plan this may be eligible to transfer into a SIPP but this will depend on the type of existing schemes you have. You should seek advice if you are not sure what to do.
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 ISAs 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.