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Self-Invested Personal Pension hero

Self-Invested Personal Pension

Free Cross Pen Set Available when you transfer a pension.
Terms apply

Opening the doors to a better retirement

A self-invested personal pension (SIPP) is different to a traditional pension. Instead of limiting your investment options, a SIPP opens the doors, giving you more choice in how you invest your money.

Like other pensions, the government will still give you up to 46% tax relief on the amount you pay in. Once your money is in a SIPP, you won’t have to pay tax on any gains or income your investments make.

The HL SIPP

A self-invested personal pension (SIPP) is different from a traditional pension. Instead of limiting your investment options, a SIPP opens the doors, giving you more choice in how you invest your money.

You’ll have more freedom, but it also means you’ll be responsible for your own investment choices, so it may not be the right pension for everyone.

Like other pensions, the government will still give you up to 45% tax relief on the amount you pay in. Once your money is in a SIPP, you won’t have to pay tax on any gains or income your investments make.

Why choose the HL SIPP?

  • Security - We’re a FTSE 100 company and the UK’s biggest SIPP provider
  • Control - Check your pension whenever you like, online and with the HL app
  • Support - Our Pensions Helpdesk is on hand to answer your questions six days a week
  • Expertise – We provide research, ideas, and updates to help you with your investment decisions

HL SIPP charges

The HL SIPP is free to set up and low cost to run. Our yearly charge for holding investments is never more than 0.45%. Some investments have their own annual charges, and we are often able to offer market-leading discounts on these.

It’s free to buy and sell funds. Other dealing charges depend on the type of investment and how often you trade.

View all SIPP charges

Annual 0.45% account charge

How much can you add to your pension?

If you’re a UK resident under 75, you can usually pay in as much as you earn, up to £40,000 a year, and get tax relief. You may be able to pay in more than £40,000 if you have unused allowance from previous years.

Learn more about paying into your pension

Up to £40,000 a year

Free cross pen set

Transfer pensions to HL and get a free Cross pen set worth £125

Transfer pensions worth over £10,000 or more to receive the pen set as a thank you. Terms apply

To automatically qualify, you must apply before 10th February 2019. Need more time to decide? Let us know and we might be able to give you more time to qualify for the offer.

You'll receive your pens after the offer closes and all your transfers complete.

Start an HL SIPP

You can start your SIPP from as little as £100 one off, or £25 a month.

You can start, stop, increase and decrease your pension contributions whenever you like.

Start your SIPP

Transfer a pension to the HL SIPP

There’s no charge for transferring a pension to Hargreaves Lansdown, but please check you won’t lose valuable benefits or incur excessive exit fees first. There’s just one simple form to complete and we’ll take care of the rest, including contacting your current provider for you.

Learn more about transferring

Add money to your SIPP

Add money now

Please read the SIPP key features (including the contribution checklist) before adding money.

To add money with a debit card online or using the HL app, log in to your account and under ‘Actions’ choose ‘Top up’. Then follow the instructions to enter your debit card details and make your payment.

You can also call us on 0117 980 9897 to top up your SIPP.

Set up a Direct Debit from £25 per month

Please read the SIPP key features (including the contribution checklist) before adding money.

Invest monthly into your choice of funds with no dealing charge. If you would like to invest monthly in shares and selected investment trusts & exchange-traded funds (ETFs), the dealing charge is £1.50 per stock.

You can start, stop, increase and decrease your Direct Debit whenever you like. Log in to your account and choose the ‘Monthly savings’ tab to get started.

Transfer a pension to the HL SIPP

There’s no charge for transferring a pension to Hargreaves Lansdown, but please check you won’t lose valuable benefits or incur excessive exit fees first. Clients can start the transfer process online by logging in to their accounts. Otherwise, you just complete one simple paper form. We’ll take care of the rest, including contacting your current provider for you.

If you still have unanswered questions about transferring a pension, book your complimentary telephone consultation now.

Learn more about transferring

Latest SIPP investment ideas from our experts

There are thousands of funds out there, but we believe some have more potential than others. Our team of experts has highlighted three funds they feel give promising investment opportunities for SIPP investors.

Find out what you can invest in

Hargreaves Lansdown Multi-Manager funds are managed by our sister company HL Fund Managers Ltd. The Lindsell Train Global Equity fund currently has a holding in Hargreaves Lansdown plc.

HL Multi-Manager Income & Growth

Our experts choose what they think are the best available equity income funds, and manage them in a single, convenient investment.

Read review


Artemis Income

We rate Adrian Frost and the Artemis UK Equity Income Team highly. The team has significant experience managing equity income funds.

Read review


Marlborough Multi Cap Income

Marlborough Multi Cap Income offers something a little different. It mainly invests in higher-risk small and medium-sized companies, instead of the larger firms that most income funds target. They aren’t often thought to pay high dividends, but lots of them do.

Read review

What can you invest in?

In the HL SIPP you can invest for your retirement by choosing from:

  • Over 2,500 funds
  • UK and overseas shares
  • Bonds, investment trusts, and exchange-traded funds (ETFs)
  • Ready-made investment portfolios built by our experts

SIPP investment ideas

Taking money from your pension

Money in your pension is locked away until you’re 55 (57 from 2028). But any time after that, you can start to withdraw money, even if you’re still working.

Learn more about your retirement options

New to SIPPs?

Have a look at our Guide to SIPPs to find out more about how SIPPs work and how to get started.

I’ve found all my involvement with Hargreaves Lansdown to be superb. I actually think the whole platform works exceptionally well and I frankly wouldn’t hesitate in recommending the company to anybody.

MR HASTINGS, Devon

Awards

Online Personal Wealth Awards 2016 - Best investment platform

BEST SIPP PROVIDER 2007-2016
What investment


BEST ONLINE SIPP PROVIDER 2017
Your Money

Have a question?

0117 980 9926

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Pen Set Terms and Conditions

1. The offer is that we will send to you a Cross pen set worth £125 when you transfer to us at least £10,000 worth of an existing pension into our HL SIPP from another provider, subject to these terms and conditions. Please be aware of the following exclusions which apply to this offer: (1) new money cash subscriptions won’t qualify for the offer; (2) if the HL SIPP is your current workplace pension and you transfer previous pensions provided by your current employer, then the offer isn’t available for such transfers (3) defined benefit/final salary pensions don’t qualify for the offer.

2. The offer doesn’t apply to investments already held in the HL service, or to switches or transfers between or within existing HL accounts or to income and interest received on any assets held in those accounts.

3. The offer applies to those with the following transfer application codes AWS7I, APSND, SCJ18 and OTK. To be eligible, we must receive the transfer application following the 20th December and by no later than 10th February . The application code can be found on the top right of a SIPP transfer form. As long as we receive your transfer form within the offer period, even if the transfer itself isn’t completed until after it closes, you’ll still qualify. If you need more time to decide whether you want to transfer to us, please let us know and we may be able to extend the deadline for you. To request more time, please email transferoffer@hl.co.uk with your full name and address or call our Helpdesk on 0117 980 9926.

4. The pen set will be sent to you at the address you provide on your application form after the transfer is completed, within 1 month of the date of completion of your transfer as determined by us and once the offer has closed.

5. We reserve the right to cancel or suspend the offer for any reason where it becomes necessary to do so, including where the number of the pen sets available is fewer than the number of qualifying transfers. We also reserve the right to replace the pen set with an alternative of equal value if circumstances make it necessary for us to do so. Other than as set out here, no cash alternative is offered.

6. Only one pen set is available per person. If you transfer to us more than one pension, you will only receive one pen set.

7. The offer cannot be used in conjunction with any other transfer offer.

8. By submitting a qualifying application you agree to be bound by the terms of this offer. The terms are governed by the laws of England and subject to the exclusive jurisdiction of the English courts.