- 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)*.
Self-Invested Personal Pension (SIPP)
What is a SIPP?
*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
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.

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
Trusted
With more than 50 years’ experience we’ve already earned the trust of over one million UK investors.
Easy
Start investing in just a few steps, with 24/7 online access from your computer, tablet or phone.
Clear
Enjoy low costs, no initial charges and no additional fees to switch or exit.
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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.
Exit fees terms and conditions
In order to request exit fees re-imbursement you will be required to complete an exit fees re-imbursement form, or request over the phone by calling us on 0333 300 3351.
Terms and conditions for re-imbursement of exit fees
Fidelity will reimburse the exit/redemption fees charged to a customer by their former provider/s when they move their investments (minimum of £1,000) to Fidelity, up to a maximum amount of £500 per customer.
An exit fee is an administration charge which is imposed by the former provider and arises directly as a result of processing the transfer or re-registration of the customer’s investments to Fidelity. Fidelity will not reimburse the customer for any loss of investment returns, loss of interest, dealing charges, penalties for transferring investments before their maturity dates or any other charges associated with your transfer or re-registration.
Where a re-registration or transfer is not possible and the customer chooses to sell their investments held through another provider and subsequently make new investment/s (minimum £10,000) through Fidelity, Fidelity will cover any account closure fees charged by the customer’s former provider (excluding any dealing charges) of up to £500 per customer. Fidelity will not cover any bid-offer spreads or any capital gains tax liability arising as a result of these transactions.
Exit and account closure fees reimbursement must be claimed within a 6 month period from date of transfer of the customer’s investments to Fidelity. Exit fees will be reimbursed for transfers and re-registrations and account closure fees will be reimbursed provided the conditions above are met. Products included: ISAs, PEPs, Unit Trusts, OEICs, SICAVs, Fidelity Personal Pension, EBS SIPP and the Fidelity SIPP. Products excluded: ShareNetwork.
To qualify for the reimbursement, the fees from the customer’s former provider must have been triggered as a direct result of the transfer or re-registration to Fidelity, or the closure of an account where the customer has subsequently (within 6 months) invested at least £10,000 through Fidelity. If the customer is transferring investments to more than one provider from their former provider at the same time, Fidelity will only reimburse the fees which are incurred as a result of direct transfer or re-registration to Fidelity. Other fees or charges unconnected with the transfer will not be reimbursed.
The completed Exit Fee Reimbursement Form and documentary evidence of the charge will need to be provided in order for the exit fees to be reimbursed to the customer. To claim the reimbursement of any account closure fees, documentary evidence of the closure fee levied will need to be provided to Fidelity, along with confirmation that a minimum of £10,000 has been invested with Fidelity within 6 months of incurring such closure fee.
The documentary evidence referred to above, must be either a copy of the charge confirmation letter from the former provider or a statement showing the charge being deducted.
Payment will be made to the customer by BACS when a bank mandate is held on the account. Alternatively, payment will be made by cheque.