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What is a SIPP?

A Self-Invested Personal Pension (SIPP) is a type of account that allows you to take charge of your retirement savings. You have the freedom to invest exactly where you want to and control how much money goes in and when.

You have all the same tax advantages as a traditional pension, and the government will still give you a boost of up to 45% (or 46% if you're a Scottish rate tax payer) on top of anything you pay in as tax relief.

You can even use a SIPP to combine all your old pensions into one easy-to-use online account. And take money out from age 55 (rising to 57 from 2028).

Join over 430,000 clients already using the HL SIPP

  • Invest where and how you want to
    You can pick your own investments, select one of our ready-made portfolios, or pay a financial adviser to choose investments for you.

  • Support on hand when you need it
    Get ongoing support from the experts on our Bristol-based helpdesk and the answers to your questions no matter how big or small.

  • Peace of mind that your investments are safe
    We're a financially secure FTSE 100 company, trusted by over one million clients and regulated by the FCA. We take account security seriously.

  • Great value for money
    Free research, the latest investment news, tools and insight from our team of experts.

Boring Pension Best Buy
                                Pension 2021 award

Best Buy Pension 2021

Boring Money

Your Money Best Investment Platform 2021 award

Best Investment
Platform 2021

Your Money

Feefo Trusted Service award 2021

Trusted Service
Award 2021

Feefo

YOUR PENSION IN
YOUR POCKET

The HL app

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 will have their own annual charges, so please check these first before you invest.

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

View SIPP charges

Up to £40,000 a year

How much can you pay into a 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.

More about paying into a pension

Up to £40,000 a year

Getting more from your HL SIPP

Here you’ll find a wide range of useful information and easy-to-use tools which are specifically designed to help build your knowledge and empower you to make decisions about your SIPP (Self-Invested Personal Pension) with confidence.

Don’t forget our Bristol-based helpdesk are also on hand to answer any questions you might have. And you can view our charges online anytime.

Pay money into your SIPP

You can change your pension contributions whenever you like.

Set up monthly payments from as little as £25, or make one-off payments of £100 or more.

Add money to your SIPP

Transfer your old pensions

Combining your old pensions into one online plan can make life easier.

You’ll know exactly how each of your investments are performing and only need to deal with one provider. The fastest way to transfer is online.

How to transfer a pension

Benefits of regular investing

There are some great benefits to regularly paying into and investing your SIPP. Paying in from as little as £25 a month could not only help you to reach your retirement goals but it could also be a sensible way to help manage market volatility and get into healthy and affordable financial habits.

  • It's a good habit and you won’t be tempted to try timing the market

    If you choose to invest by regular Direct Debit, it will take the emotion out of your decisions, and just become part of your monthly spending. Drip-feeding in to a volatile market could also mean the average price you pay for your investments ends up being lower than a single lump sum investment. If you’d rather not invest your money straightaway, that’s fine too. You can build up your cash, and make investment decisions when you’re ready.

  • You'll automatically get a boost from the Government

    Each time we collect your Direct Debit the Government will automatically add money too. If you’re under 75 and a UK resident, you’ll get basic-rate tax relief, which works out at £20 for every £80 you pay in. If you pay tax at a higher rate you may be able to claim back more tax relief through your tax return. Pension and tax rules change and benefits depend on your circumstances.

  • You can change your contributions anytime to suit your circumstances

    You’ll always have the flexibility to increase or decrease your monthly direct debit to suit your current situation. You can even stop or pause payments whenever you want – as long as we receive the instruction 10 working days before the collection date (usually the 7th of the month).

Invest regularly by direct debit

Your pension in your pocket

Downloading the HL app means you can easily manage your SIPP anytime, anywhere.

  • Trade quickly and securely
  • Access to expert analysis
  • Latest stock market news as it happens

More about the app

Managing your SIPP account

Nominate a SIPP beneficiary

It’s not nice to think about, but it’s important you let us know your wishes in the event of your death. It’s not legally binding but you can nominate as many people as you like to inherit your SIPP, and can change this any time.

The quickest way to do this is through your online account. Just go to ‘Account Settings’ and ‘Manage SIPP beneficiaries’, or contact us for a paper form.

Link family accounts

Make it easier to manage your family’s ISAs, pensions and investments. View everyone’s portfolios in one place, using a single set of login details and choose the level of authority for buying and selling.

Learn more

Looking for investment inspiration

Our latest fund shortlists

Use our fund finder and shortlists as a starting place to narrow down your investment search. These shortlists can be used to help build or supplement your portfolio.

Explore shortlists


SIPP investment strategies

Learn about different strategies for investing a pension, plus fund ideas for income and growth.

Learn more

Fund news and research

Stay up to date with the latest fund research provided by our team of experts.

Fund research

Share research and insight

Learn more about shares, including recent articles and opinion.

Share research


Tools and calculators to help keep your pension on track

See how much your pension could be worth

Use this tool to work out how much you should be investing and what you could be on track to receive at retirement.

Pension calculator

Compare how much you've saved

Use this tool to compare how much you’ve saved against other people your age. If it’s below the average learn more about what action you could take.

Pension comparison tool

See how much tax relief you could get

Calculate the free boost you could get on your pension contributions. Most people will get at least 20% on anything they pay in.

Tax relief calculator

Work out your retirement budget

Calculate your income against your expenditure to work out the difference. It could help you to plan how much you might need in retirement.

Budget calculator

Two simple ways to open a SIPP

Start with a bank payment

Set up monthly payments from as little as £25, or make one-off payments of £100 or more.

You can change your pension contributions whenever you like.

Open a SIPP

Transfer your old pensions

You can transfer pensions from another provider to HL.

The fastest way to transfer is online.

Learn more about transferring

Your investment options

With a SIPP, you’re in control of how and where you invest.

To build your own portfolio, choose from over 2,500 funds, UK and overseas shares, investment trusts and more. Or, you can choose from a range of ready-made options where our team of experts will take care of the day-to-day investment decisions for you.

SIPP investment ideas

Taking money from your pension

Money in your pension is usually 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.

Use your SIPP to buy a guaranteed income for life, or keep it invested and make withdrawals as and when you need to. Plus, get up to 25% tax-free (all other income withdrawals are taxable).

Your retirement options

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We have always found Hargreaves Lansdown professional, efficient and responsive to our needs. We consider HL the very best and head and shoulders above others offering similar services.

MRS CUNNINGHAM

Awards

BEST BUY PENSION 2021
Boring Money


BEST BUY DIGITAL PENSION 2021
Boring Money


BEST INVESTMENT PLATFORM 2021
Your Money


See all of our awards

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