Saving for retirement?
Build your pension pot and help it grow with our award-winning SIPP.
OR
SIPP (Self invested personal pension)
Save for your retirement and stay in control of your pension pot with a HL SIPP.
Is your pension on track?
Find out with our FREE pension calculator
Saving for your retirement?
Are you about to retire?
Our service can help you to choose the best option to help
make the most of your retirement.
Compare your options at retirement
Following the recent pension changes, you have more freedom on how to take an income when you retire.
Retirement income options
There are three main options for taking regular income, as well as a tax-free lump sum of up to 25%. Or you can take lump sums directly, 25% usually tax free. Tax rules can change and the value of any benefits depends on individual circumstances.
Annuity
Receive a guaranteed income for the rest of your life.
Drawdown
Your pension remains invested - you can withdraw what you want, when you want.
Mix and match your options to receive a blend of secure and variable income.
Not sure which option is for you?
Information and resources
Free guide to SIPPs
Find out how to take control of your pension with a SIPP
What if you don't want a regular income?
Take lump sums straight from your SIPP, from age 55 if you've not taken tax-free cash or income out already. 25% of each lump sum is tax free, the rest is taxable.
More about lump sumsFree calculators and tools
Free calculators and tools to help you
- How long might I live?
Will your pension savings last as long as you might? - How much do I need?
Work out your regular outgoings in retirement. - How much tax will I pay on my pensions?
Help determine how much income tax you might pay on your pension withdrawals.
