How to open a Fidelity SIPP
If you're putting off setting up a self-invested personal pension plan because it feels like you never have enough time, think again. It takes minutes, as our short video shows. Time well-invested in your future.
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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 depends on personal circumstances and all tax rules may change in the future. You can't normally access money in a pension until age 55 (57 from 2028). 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 one of Fidelity's advisers or an authorised financial adviser of your choice.
Planning and saving are two key ingredients to achieving the retirement you want. A self-invested personal pension, or SIPP, is a flexible, tax-efficient and easy-to-manage pension designed to help you to reach your pension pot goals. Here we share a little bit more about setting up and paying into a SIPP and see what options our award-winning Fidelity SIPP can offer you.
A SIPP is a self-invested personal pension. Put simply, it’s a pension that you manage yourself.
SIPPs are designed for people who want to take control of how their pension savings are invested. They’re tax-efficient too.
You can make contributions with your own money, through a regular savings plan or lump sums. Others can contribute on your behalf, including your employer or family members. And you can transfer an existing pension to your SIPP.
You can also decide how much to invest and where to invest. Fidelity’s SIPP provides the opportunity to invest in unit trusts, shares, cash or open-ended investment companies. These are funds which invest in stocks and other securities.
So, how much of your hard-earned cash might be taxed? The good news is that the investments in your SIPP will grow free of income tax and capital gains tax. That’s not all. For every £800 you save, the government gives you tax relief, boosting your savings by £200 to a total contribution of £1000. And if you’re a higher-rate taxpayer, you can claim more tax relief, through your annual tax return.
But it’s important to consider annual and lifetime limits on how much you can save in your pensions, to keep them tax efficient.
It’s also OK to have more than one pension. You can have a SIPP at the same time as a workplace or personal pension, whether that’s with us or another pension provider.
If investing in a SIPP sounds like something you’d like to consider, it may be sensible to talk to an authorised financial adviser before making a decision.
Thanks for watching.
If you're putting off setting up a self-invested personal pension plan because it feels like you never have enough time, think again. It takes minutes, as our short video shows. Time well-invested in your future.
We have more than 50 years of investing experience behind us, helping us to help you make the right decisions for your SIPP.
Explore the Fidelity SIPP See our awardsHow much you invest into your pension is a personal choice. But If you’re unsure where to start, our calculator can help give you an idea of how much it’ll take for you to live the retirement you’ve always wanted.
Calculate your retirementYou will need:
If you already have a Fidelity account, log in here to open your SIPP.
If you're new to Fidelity, you can open your account here.
The value of the pension being transferred must be at least £1,000. If you don't have a SIPP with Fidelity we will take you through opening one and then you will be able to transfer your pension.
You will need:
If you already have a Fidelity account, log in here to transfer into your SIPP or to open one.
If you need to open a SIPP to transfer into, you can do that here.
You will need:
If you already have a Fidelity account, log in here to open your SIPP.
If you're new to Fidelity, you can open your account here.
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.