The FundsNetwork SIPP provided by Standard Life offers you a choice of over 1100 funds from more than 60 fund companies, including top names such as Jupiter, New Star and Invesco Perpetual.  It's great value too, with no initial charges or switch fee on funds (although the usual annual fund management charges will still apply).  And as a special opening offer, we're waiving the £100 set up fee and the first year's administration fee of £250.¹

Beneficial tax treatment

With a SIPP you will enjoy all these valuable tax advantages that are available with personal pensions:

• Your contributions to a SIPP attract tax relief at your highest rate
• Your employer can make contributions to your SIPP gross of income tax. These contributions will usually be considered a business expense and attract relief from corporation tax
• Investments within your SIPP can grow free of income and capital gains tax (though dividends from UK shares are not tax-free)
• You can usually take up to 25% of your SIPP as a tax-free lump sum
• If you die before taking benefits, your beneficiaries will not normally have to pay inheritance tax on any money they receive from your SIPP (although it will be subject to 35% tax) 

The value of tax savings and eligibility to invest in a SIPP will depend on individual circumstances and all tax rules may change in the future.

The value of investments and the income from them can go down as well as up.