A pension is one of the most tax-efficient ways of saving for retirement. Like all pensions, a SIPP (Self Invested Personal Pension) offers up to 45% tax relief on contributions and there is no UK capital gains tax or UK income tax to pay. The tax benefits will depend on your individual circumstances and tax rules are subject to change by the government. More about the tax benefits.
Traditional pensions typically limit investment choice to a shorter list of funds, normally run by the pension company's own fund managers, however a SIPP lets you invest almost anywhere you like and choose your own investments.
What's more, you can manage your SIPP completely online, enabling you to buy and sell investments at the click of a mouse, and our Pensions Helpdesk are here 6 days a week to help.
Our award-winning Vantage SIPP has no set-up fees, which means more of your money working for you.
You can deal shares online from just £5.95 to £11.95 a deal plus benefit from super-low annual charges on several top funds - the discounts we have negotiated for our clients save them £12.6 million every year.
The Vantage SIPP lets you choose from thousands of funds run by some of the finest fund managers. You can also select from individual shares, corporate bonds, gilts, investment trusts, ETFs and cash.
The greater the interest you take in your SIPP, the larger your retirement pot is likely to be.
Start saving from as little as £25 a month into the Vantage SIPP (a payment of just £20, to which the government will automatically add £5 tax relief). Set up a direct debit and we will collect the money from your account on the 7th of every month, so you don't have to do a thing. You can start, stop, increase and decrease your contributions whenever you like.
From age 55 (57 from 2028), you can start taking withdrawals, normally up to 25% tax free and the rest taxed as income.
The Vantage SIPP offers the pension freedoms so you can take as much of your pension as you wish.
You could choose to take the whole fund as cash in one go, smaller lump sums as and when you like, or a regular income (via drawdown or an annuity). Remember your pension may need to last throughout your retirement in order to maintain your standard of living.
Service is excellent. I particularly value your regular communication and the fact the correspondence and telephone calls are dealt with by real, intelligent, business-like people so much more respectful of your customers and so much more efficient than most other financial service providers.
Mr Popple, Hampshire
Very happy with the service - totally flawless! I also like your friendly, knowledgeable and helpful staff who are a cut above some of your competitors. Not forgetting, it’s a pretty good deal too!
Mr Pritchard, Hertfordshire
The range of investment funds to choose from is outstanding and I'm pleased to have more direct control over my investments.
Mr Bradley, London
I have transferred various pensions to my SIPP at Hargreaves Lansdown. I must say I have received an excellent service by phone and by email. All the hassle was taken from me by HL and made my life a lot easier. Also dealing in funds online and switching is straight forward.
Mr Bhudia, Middlesex
Since dealing with HL for the last seven years, I have always been very happy with the prompt, efficient service I have received.
Mrs Strange, Nottinghamshire
Hargreaves Lansdown have provided a first class, excellent service. It could not have been more simple.
Mr Wilson-Tate, London
A SIPP is a type of pension for people happy to make their own investment decisions. Investments go down in value as well as up so you could get back less than you invest. The rules mentioned are those currently applying and could change in the future. You can normally only access the money from age 55 (57 from 2028). Tax reliefs depend on your circumstances. This website is not personal advice, if you are unsure an investment is right for you, please seek advice.
What Investment Readers Award