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SIPPs Explained

Important information - 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 and tax treatment depends on personal circumstances and all tax rules may change. You cannot normally access your pension until age 55 (57 from 2028). It’s important to understand that pension transfers are a complex area and may not be suitable for everyone.

SIPP: Guide and information

We want to make saving for retirement as simple as possible. If you’re thinking about putting your money into a self-invested personal pension (SIPP), it’s sensible to make sure it’s right for you. We’ve pulled together a list of our most popular SIPP FAQs in one place to answer your questions. If you can’t find what you’re looking for, we have plenty of more information in our help and support section too.  

What is a SIPP?
How many SIPPs can I have?
Can I have more than one pension?

Getting started with a Fidelity SIPP

Explore our SIPP

See more of what our SIPP has to offer and start a regular savings plan from £20 or make a lump sum payment of at least £800.

Transfer SIPP

Get to know more about transferring your pension to our award-winning SIPP. We can help you to make your money work harder for retirement.

Open a SIPP

Fidelity’s flexible, award-winning SIPP is a great way to save for retirement with significant tax benefits. You choose what to invest in and can contribute in lump sums or with regular savings.

Opening a SIPP FAQs

What are the Fidelity SIPP eligibility rules?
What is the SIPP application process?
Can I open a SIPP if I plan to retire overseas?

SIPP contributions & allowance FAQs

Until what age can I contribute to my SIPP?
Who can contribute to my SIPP?
Does Fidelity accept contributions in the asset form?
What is the maximum I can pay into my SIPP?
What happens if I exceed my annual allowance?
What is the lump sum allowance (LSA)?
What does carry forward mean?

Personal pension tax FAQs

Is my pension taxable?
How much tax will I pay on my pension?
How much tax will be payable if I die with money left in my SIPP?
What is pension tax relief?

Investing in a SIPP FAQs

What can our SIPP invest in?
Can I invest my personal pension in property?
How many funds should I have in my SIPP?
How secure is my pension?

Accessing your SIPP FAQs

Can I withdraw money from my private pension?
Can I just take the tax-free cash?
What happens to my pension when I die?

SIPP transfer FAQs

Can I transfer my pension to the Fidelity SIPP?
Can I transfer my ISA into a SIPP?
Can I transfer my pension to another person?
How much are the pension transfer fees?

Combining pensions together FAQs

Can I bring my pensions together?
How do I consolidate my pensions?
How much does it cost to combine different pensions together?
How do I find a lost pension?

SIPP fees & charges FAQs

How much does the Fidelity SIPP cost?
How can I pay my fees and when?

Important information: 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 an authorised financial adviser of your choice.

Take control of your pensions by bringing them together

Trying to manage pensions across different providers can be both time-consuming and difficult. Bringing them together into Fidelity’s Self-Invested Personal Pension (SIPP) can help you take control and plan ahead more effectively. 

Find out more

Our award-winning approach

We don’t like to blow our own trumpet, but it's nice when someone else does. We’re also proud to be a Which? Recommended Provider for Self-Invested Personal Pensions – three years running.​

Which Recommended Provider logos for 2021, 2022, 2023.Boring best Buy Pension 2024 Logo  Boring Best Buy Pension 2023 Logo  Trustpilot 4-star logo  Boring Best for Customer Service 2024 Logo

Trustpilot rating based on 4,575 reviews as at 04.03.24.