Home Services Personal pension (SIPP)

Self-Invested Personal Pension (SIPP)

What is a SIPP?

  • A SIPP is a pension which you manage yourself. You choose what it’s invested in, how much is paid in and when.
  • Contributions can be through lump sums, or regular savings plans, but you can’t generally withdraw money until the age of 55.
  • The government (HMRC) will give you 20% tax relief on anything paid into a pension (up to a specific limit, depending on your circumstances)*.

*To pay in a total of £1,000 to your SIPP, you would only need to contribute £800, and the government would pay the other £200. If you pay income tax at above the basic rate, you can claim even more tax relief through your tax return or by writing to HMRC.

Watch our 'What is a SIPP' video for more details.


Our SIPP is a great way to start saving for retirement. Manage your investments 24/7 using our online service and choose from thousands of funds, exchange-traded funds (ETFs) or investment trusts to invest your pension in.

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 more effectively.

  • Transfer a pension to us and we’ll pay any exit fees up to £500 per person. T&Cs apply*.
  • Start your SIPP today with a lump sum payment from as little as £800, a regular savings plan from as little as £40, or by transferring a pension in. Employers, your limited company, or someone else you know can also pay in.
  • Our low-cost service fee is just 0.35% (ongoing fund charges apply) - and you can get extra benefits when you invest more than £250,000, including a Relationship Manager and a reduced service fee.
  • Get instant access to our investment expertise, market insights and planning tools. And our freephone UK and Ireland call centres are open from Monday to Saturday. 
  • Gives you flexible income options when you want to access your money, including drawdown.
*See our '£500 off your exit fees' T&Cs

Transferring pensions to Fidelity

If you’ve built up a number of pension pots, bringing them together into Fidelity’s SIPP could make them easier to manage, while helping you keep an eye on costs, and give you access to a wealth of Fidelity guidance.

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 SIPP transfer factsheet. If you are in any doubt if a pension transfer is suitable for your circumstances we strongly suggest that you seek advice from an authorised financial adviser.

Open a SIPP

Ready to open a SIPP? First, please tell us who will be paying into it...


I'm paying in

If you will be the primary person paying in to the SIPP, you can open an account online now.


My employer is paying

If your employer will be the primary payer to the SIPP, you can open an account now using the form below.


Someone else is paying

If a spouse, partner, friend or relative will be the primary payer to the SIPP, you can open an account now using the form below.

If you have any questions please call us on 0800 368 1722.

You can start investing once your account is open, but if you like you can choose your investments first and then open your account.

Ready to retire?


How to take tax-free cash

The way you take tax-free cash can depend on the type of pension you have and how you want to access savings.


Pension drawdown

Pension drawdown gives you flexibility to take the income you want and change it as needed in retirement, so you remain in control of your money.

Or, our retirement specialists can provide both guidance and advice around your retirement options. We offer a low fixed advice fee, and the advice we offer is based purely on helping you find the most appropriate solution for your retirement.

Get your pensions and investments working harder

Find out how bringing your pensions and investments together could benefit you.

Why choose Fidelity



With more than 50 years’ experience we’ve already earned the trust of over one million UK investors.



Start investing in just a few steps, with 24/7 online access from your computer, tablet or phone.



Enjoy low costs, no initial charges and no additional fees to switch or exit.


What are the SIPP eligibility rules?
Who can contribute to my SIPP?
Is my pension taxable?
How much does Fidelity's SIPP cost?
Can I transfer my pension to Fidelity's SIPP?
What pensions are available for self-employed workers?

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This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to an authorised financial adviser.