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What is a SIPP?

Find out everything you need to know, download your free guide to SIPPs

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A SIPP (Self Invested Personal Pension) is one of the most tax-efficient ways of saving for retirement. 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.

Like all pensions, a SIPP 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.

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.

Guide to SIPPs Free guide / SIPPs From the pros and cons, to how the tax rules work and getting started, find out all you need to know about SIPPs. Request our free guide

Low charges

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 £17.8 million every year. Our annual platform fee is 0.45% at most.

View the Vantage SIPP charges and interest rates

Wide investment choice

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. Investments can fall as well as rise in value so you could get back less than you invest.

Find out where you can invest your SIPP

Investments can go down as well as up so there is always a danger that you could get back less than you invest. Nothing here is personalised advice, if unsure you should seek advice.

Save monthly into a SIPP

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.

Download our guide to regular savings

More about regular savings

What happens to my SIPP when I retire?

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. The Government's free Pension Wise service can help. It provides impartial guidance face-to-face, online or by phone - more on Pension Wise.

Request our free guide to your options at retirement

  • 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