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Self-Invested Personal Pension hero

Self-Invested Personal Pension

Cashback Available now when you transfer
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 (up to 46% in Scotland) 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

Transfer a pension to HL and get £50 to £500 cashback

Transfer a pension worth £5,000 or more to HL and we’ll give you between £50 - £500. The money is a thank you from us, it won’t come out of your account or investments.

The more you transfer, the more you receive. Terms apply.

To automatically qualify you must apply by 3 September 2019. Need more time to decide? Let us know and we'll give you up to an extra six months.

You’ll receive your cashback after the offer closes and all transfers have completed. The money will be paid into your HL loyalty bonus account. To keep the cashback, all we ask is that you keep your account with us for a year.

You transfer We pay you
£5,000 - £24,999 £50
£25,000 - £49,999 £75
£50,000 - £99,999 £100
£100,000 - £149,999 £250
£150,000 or more £500

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

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.

Jupiter Income

This fund is one of our favourite ways to take advantage of value investing, and is a good option for income. It’s focused on the UK stock market, which we think has great long-term prospects.

Read review


HL Select Global Shares

Our experts look for truly exceptional companies from all around the world. They pick companies they think are in charge of their own destiny, and that can benefit from a virtuous circle of growth.

Read review


Man GLG Japan CoreAlpha

Japanese companies have been growing their profits faster than share prices have been letting on. This fund is our favourite way to invest, and has a manager with over 25 years’ experience at the helm.

Read review

Self-Invested Personal Pension hero

Self-Invested Personal Pension

Cashback Available now when you transfer
Terms apply

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

GOLD STANDARD FOR PERSONAL PENSIONS 2018
Gold Standards Awards


BEST DIRECT SIPP PROVIDER 2018
Your Money


BEST ONLINE SIPP PROVIDER 2017
Your Money


See all of our awards

Have a question?

0117 980 9926

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Terms of the cashback offer – Summer 2019 – SIPP transfers only

1. You’ll receive a cash amount between £50 and £500, depending on the amount you transfer, when you transfer to us at least £5,000 worth of an existing pension into our HL SIPP from another provider, subject to these terms and conditions. Please be aware the following exclusions apply to this offer: (1) the lodgement of certificated shares will not qualify for the offer; (2) new money cash subscriptions into any HL account will not qualify for the offer; (3) 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 these transfers; (4) defined benefit/final salary pension transfers 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 is funded by Hargreaves Lansdown’s money. Don’t worry, the cash is not coming from your pension or investments. We intend to make the offer available until 3 September 2019. However, we reserve the right to remove or suspend this offer if necessary, including for legal or regulatory reasons or otherwise, by posting a notice on our website. If the offer closes early, all qualifying applications received up until this time will still be accepted.

4. The offer will only apply to cashback transfer forms coded SCCB1, RTCB1 SCCB2, SCCB3, SCCB4, AWSCB, APSCB, AWST5, APST5, APST5, AWSC3, IT2CB, OTMQA, OTK, OTP, OTD received by us between 7June 2019 and 3 September 2019. The application code should be found in the top right of a form. If transferring a pension for drawdown, you must include a note requesting cashback with your application to qualify. As long as we receive your transfer form within the offer period, even if the transfer itself isn’t completed until after the offer 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’ll extend this deadline for you by up to six months. To request more time simply call our Helpdesk on 0117 980 9926 or email transferoffer@hl.co.uk with your full name and address.

5. The cashback payment will be paid into your Loyalty Bonus Account after the offer has closed and within 1 month of completing your transfer, which will be determined by us. The Loyalty Bonus Account is separate from the HL ISA, Fund and Share Account, and SIPP. The cash can be kept in the Loyalty Bonus Account for fee collection, withdrawn or moved into whichever HL account you choose. If moved into an ISA or SIPP, it’ll count towards your annual allowance.

6. The value of your cashback will be based on the total value of transfers you make within the offer period into an HL SIPP, not the value of each transfer. The values will be determined on the day we receive the proceeds for each. It isn’t possible to combine the value of transfers into accounts with different client numbers for the purpose of this offer. The maximum amount of cashback you can receive under this offer is £500.

7. We ask you keep your HL SIPP for one year. Please feel free to switch between investments and in or out of cash within your account, but if you decide to transfer away or close your account within 12 months of the date your transfer completes, then we reserve the right to reclaim the cashback paid. If cash is to be reclaimed then you’ll be notified and the cash will be taken within 7 days of the account closure or transfer.

8. We also reserve the right to determine how the cash offer is calculated. Therefore, if you’re unsure how your transfers will be treated under the terms of this offer, please contact us before you return your transfer form. 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.

9. The offer can’t be used in conjunction with any other transfer offer.