Self-Invested Personal Pensions

Our Self-Invested Personal Pensions (SIPPs) are a simple tax-efficient way to start saving for your own or your child’s retirement. Find out which one is for you.

Whether you’re starting from scratch or looking to consolidate existing pensions, you can open a new SIPP or transfer one to us in just a few steps. If you’re still deciding where to invest your pension, you can add cash to your account now and choose your funds later.

* Tax relief is only available on the lower of the annual allowance (currently £40,000) or 100% of your earnings in a given tax year. If you exceed your annual allowance you may have a tax charge to pay unless you have unused allowance you can carry forward. If you have earnings of £110,000 or more, the amount you can pay in and receive tax relief on could be 'tapered' down to £10,000. Alternatively, if you’ve already taken taxable income from your pension pot under pension freedoms, your annual allowance may be £4,000 (known as the money purchase annual allowance) and you will not be able to use carry forward to contribute to a SIPP.

Get your money working harder by bringing your pensions together

Plus earn £20 to £1,000 cashback. Exclusions and T&Cs apply.

The value of investments and the income from them can go down as well as up and you may get back less than you invest.

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