Fidelity SIPP

Retire the way you want to by investing in a simple to manage, tax-efficient personal pension.

A Fidelity Self-Invested Personal Pension (SIPP) is a great way to start saving for retirement. It can also make a good home if you’re looking to bring together several pension pots, helping you take control of your retirement savings and plan ahead more effectively.

Ready to retire?

If you’re thinking about using our SIPP to take some tax-free cash or take a flexible income from your pension, our retirement specialists can help.

The value of investments can go down as well as up so you may not get back what you invest. Eligibility to invest in a SIPP or Junior SIPP depends on personal circumstances and all tax rules may change in the future.

You cannot normally access money in a SIPP until age 55. It’s important to understand that pension transfers are a complex area and may not be suitable for everyone. Before going ahead with a pension transfer, we strongly recommend that you undertake a full comparison of the benefits, charges and features offered. To find out what else you should consider before transferring, please read our transfer factsheet. If you are in any doubt whether or not a pension transfer is suitable for your circumstances we strongly suggest that you seek advice from an authorised financial adviser.

Need help deciding how to invest?

Find a ready-made solution

Use our PathFinder planning tool to select a ready-made, diversified fund based on your preferred risk level in just three steps.


Get expert guidance

Choose from a list of top-rated funds hand-picked by our investment experts.

Select 50

Build your own portfolio

Explore our full range of investment options to find, filter and select your own combination of investments.

Investment Finder

These guidance tools are not a personal recommendation in respect of a particular investment. If you need additional help, please speak to a financial adviser. You should regularly reassess the suitability of your investments to ensure they continue to meet your attitude to risk and investment goals.

Get your money working harder by bringing your pensions together

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


What is a SIPP?

A SIPP or Self-Invested Personal Pension is a tax-efficient way to start saving for your own retirement. For more details see our 'What is a SIPP?' video below.

How many SIPPs can I have?

There is no limit on the number of SIPPs that you can have. However there are annual and lifetime limits regarding how much you can save tax efficiently to all of your pensions that you should keep in mind.

Find out more about your pension allowances.

Can I have a SIPP and a company pension?

Yes, you can hold a SIPP together with a company pension with us or another pension provider.

What happens to my SIPP when I reach age 75?

If you reach age 75 with money still in a pension pot, your pension will usually remain invested, with any income payments continuing to be made in the same way. However, at age 75, the pension provider will carry out a check against your lifetime allowance, which they will contact you in relation to. If when that test is carried out, the value of your pensions is deemed to be above your lifetime allowance, you may face tax charges of up to 55% on the excess amount.

For more information, you can speak to Pension Wise, HMRC or a financial adviser to understand the amount of tax you will pay.

What can a SIPP invest in?

A SIPP can invest in a wide range of funds, investments trusts and exchange traded funds that you can choose. Different SIPPs have access to different investments. If you are unsure where to invest, speak to an authorised financial adviser. Find out more about your investing options.

See more SIPP FAQs.


Why choose Fidelity

What is a SIPP?

Rates of tax relief for Scottish Residents may differ to the rest of the UK.

Video Transcript - What is a SIPP?

So what are self-invested personal pensions? Self-invested personal pensions or SIPPs are designed for people who want to take control over how their pension savings are invested. The investments in your SIPP will grow free of income tax and capital gains. You can invest with your own money, through your employer, or you can transfer from an existing pension. With SIPPs you decide how much you want to invest. Self-invested personal pensions give you the opportunity to invest in a range of assets; including unit trusts, shares, cash or open ended investment companies.

The great thing about a SIPP is that for every £800 a UK tax payer saves, the government gives you tax relief, effectively boosting your savings by £200, giving you a total contribution of £1,000. And if you are a higher rate tax payer, you may claim more tax relief through your annual tax return.

If you are considering transferring to a SIPP, it may be sensible to talk to an authorised financial advisor before making a decision.

Clear and simple pricing

Our pricing has no hidden charges or fees, so you know exactly what you pay for and when you pay it.

Fidelity Personal Investing service fee

  • One flat-rate fee of £45 a year if you’ve got less than £7,500 invested—that’s only £3.75 a month; or 0.35% if you have a regular savings plan (RSP) of £50 or over.
  • Or our standard service fee of 0.35%
  • Drops down to 0.2% if you’ve got more than £250,000
  • Children's accounts with less than £7,500 invested have a flat-rate of £25 a year—even if they hold more than one
Total value of investmentsService fee (annual amount or rate)
Worth less than £7,500 £45 without monthly regular savings plan
0.35% with monthly regular savings plan
£25 for Junior ISAs/Junior Pensions
£7,500 or more but less than £250,000 0.35%
£250,000 or more but less than £1 million 0.20%
No further service fee is charged for assets held above £1 million
* Please note that the service fee will be charged on the entire portfolio.
For Exchange Traded Instruments including Investment Trusts, this is capped at £45.
There is no service fee for these investments held in the Fidelity Investment Account.

Bring your pensions together

If you’ve built up a number of pension pots over the course of your working life, bringing your pension plans together into the Fidelity Self-Invested Personal Pension (SIPP) could make them easier to manage.

Not to mention helping you keep an eye on costs and giving you access to a wealth of Fidelity guidance.

You can even track your transfer online, with the status of each request at your fingertips.

Get some specialist help

Our retirement specialists are able to provide both guidance and advice around your retirement options. The service we offer is based purely on helping you find the most appropriate solution for your retirement and our flat-rate advice fee is lower than many other leading providers.

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The value of investments can go down as well as up, so you may get back less than you invest. This information is not a personal recommendation for any particular product, service or course of action. Pension and retirement planning can be complex, so if you are unsure about the suitability of a pension investment, retirement service or any action you need to take, please contact Fidelity’s retirement service on 0800 084 5045 or refer to your financial adviser.  Eligibility to invest into a SIPP or Junior SIPP depends on personal circumstances and all tax rules may change in future. Pension money cannot usually be withdrawn until age 55.