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Self Invested Personal Pension

A flexible, tax-efficient way to save for retirement

Self Invested Personal Pension

Here to help you save for a better retirement

A SIPP is one of the most tax-efficient ways of saving for your retirement. The SIPP helps you to stay in control and manage your pension online 24/7 - with tools, watchlists and the latest research helping you make decisions whenever you want. More about SIPPs.

Why choose the Vantage SIPP

  • We make it easy for you to take control

    Manage your SIPP yourself online, by phone, post, or using the award-winning HL app. Invest where you want, whenever you want - even set up regular payments. Access free research, articles, tools and insights from our team of investment experts to help you make the most of your SIPP.

  • Best SIPP Provider 10 years running

    More than 320,000 investors have already chosen the Vantage SIPP, and ‘What Investment’ readers have voted us Best SIPP Provider 10 years in a row.

  • Choose from a wide range of investments

    Whether you're an experienced investor, just starting or want to leave it to an expert, we can offer the right investments for you, with over 2,500 funds, shares, investment trusts and many others to choose from. See where you can invest. Investments can fall as well as rise in value so you could get back less than you invest.

  • Easy to transfer

    Simple to transfer old pensions to a SIPP, making them easier to manage and giving them the best chance to grow. More about transferring pensions.

  • Service on hand when you need it

    Our Pensions Helpdesk is open 6 days a week and here to help with any question, no matter how big or small. Calls answered on average in 21.3 seconds (July - December 2017). Contact us.

  • Great value

    No set-up or transfer-in charges. No charges for buying or selling funds. Low-cost reinvestment service and online share dealing from £5.95 to £11.95 a deal. Annual fee 0.45% or less. This means more of your money working for you. See our charges.

  • Flexible access

    Take money out of your pension how you wish from age 55 (57 from 2028). Options include drawdown, lump sums and annuities. Not all providers offer full access.

99.1% of our SIPP clients rated our service as 'good', 'very good' or 'excellent' in a recent survey.

Source: HL SIPP client survey, February 2017, 230 respondents

How to start your SIPP

Starting a SIPP is easy and we charge no set up fees. You can make new contributions to save for your retirement or transfer a pension you already hold (e.g. from an old job).

New contributions: apply online with your debit card (min. £100) or to start a monthly direct debit (min. £25). Or send a cheque (min. £100) with a SIPP application form. Find out more about how much you can contribute.

Transfer an existing pension: fill out a short transfer form and post it to us. We’ll arrange the transfer for you. If you already have an online account with us, you can apply to transfer online.

Before transferring please ensure you will not lose valuable guarantees or incur excessive exit penalties. Pensions are usually transferred as cash so you will be out of the market for a period.

Recent awards

What Investment Best SIPP Provider 2007-2016
Best SIPP Provider 2007-2016
What Investment
Your Money Best Online SIPP Provider 2017
Best Online SIPP Provider 2017
Your Money

The annual allowance (generally £40,000) is the maximum amount that can be contributed by anyone (yourself or your employer, for instance) into all your pensions in a tax year. Contributions above the annual allowance are taxed as income, unless you are able to carry forward unused annual allowance from any of the last three tax years. The annual allowance does not apply to any pension transfers.

Download the annual allowance and carry forward factsheet

The lifetime allowance (currently £1 million, and rising with CPI inflation from April 2018) is the total value you can hold in pensions without incurring an additional tax charge. This is measured whenever you take benefits, reach age 75 or die, whichever is soonest.

Download the lifetime allowance factsheet