Do I have to contribute a minimum amount?
Lump sum contributions to the HL SIPP must be for a minimum of £100 gross (for personal contributions you pay in £80, then £20 is automatically added in basic-rate tax relief).
Monthly Direct Debit contributions must be a minimum of £25 gross (for personal contributions you pay in £20, then £5 is added in basic-rate tax relief).
Transfers from other pension plans should have a combined total of at least £1,000. Please ensure you will not lose any valuable guarantees or other benefits, or incur excessive exit fees by transferring.
You do not have to make contributions to your HL SIPP - there are no additional charges if you choose not to.
Please note, tax rules can change and the reliefs from them depend on your personal circumstances.
Before applying, please understand the risks and features of the HL SIPP.More information about the HL SIPP