Self-Invested Personal Pension | Open a SIPP

Your pension in your hands

Our Self-invested personal pension (SIPP) puts you in control of your retirement.

With complete flexibility to decide how much, when, and where your pot is invested, build a portfolio using our full range of SIPP investments.

Open a SIPP

View SIPP key features

Invest up to £60,000 per year
With a £60,000 annual personal allowance each tax year, including tax relief, build a pension pot that’s right for you.
20% government tax relief
It only costs 80p of your own investment to save £1, thanks to 20% government tax relief. And it’s even more efficient if you’re a higher earner. Read more about SIPP tax relief.
Access from age 55
Enjoy early access to your retirement savings when you reach age 55 (rising to 57 from 6 April 2028) onwards.
Start investing from just £25
Once you've funded your account you’re ready to go. Set up a £25 monthly direct debit, make a one-off £500 payment, or transfer a SIPP for free.

Your pension in your hands

Our Self-invested personal pension (SIPP) puts you in control of your retirement.

With complete flexibility to decide how much, when, and where your pot is invested, build a portfolio using our full range of SIPP investments.

Invest up to £60,000 per year
With a £60,000 annual personal allowance each tax year, including tax relief, build a pension pot that’s right for you.
20% government tax relief
It only costs 80p of your own investment to save £1, thanks to 20% government tax relief. And it’s even more efficient if you’re a higher earner. Read more about SIPP tax relief.
Access from age 55
Enjoy early access to your retirement savings when you reach age 55 (rising to 57 from 6 April 2028) onwards.

Open a SIPP

View SIPP key features

Expert tips on...
SIPPs

Charlene Young

Charlene Young
Pensions and Savings Expert

Understanding how to manage a Self-invested personal pension is important for anyone interested in saving for retirement. Before opening an account, please read about the SIPP risks to make sure it’s right for you.

Open a SIPP Learn more about SIPPs

Our SIPP gives you full flexibility as to how and when you can withdraw your money in retirement (minimum age 55 rising to 57 from 6 April 2028).
You can take up to 25% tax-free when you come to access your SIPP, subject to your overall lump sum allowance of £268,275.
Transfer in old pensions or open alongside your current workplace pension, with both you and your employer (including your own business) able to pay into your SIPP.
Anything you keep invested will continue to grow, sheltered from tax, while tax relief means that £1,000 in a SIPP can cost as little as £550.
A SIPP isn’t part of your estate, so it's a very tax-efficient way of leaving funds to your loved ones after you’re gone. You can nominate anyone from family members and friends to your favourite charity.
Get an accurate idea of what your retirement income could look like after you turn 55, with our SIPP illustration tool.

Expert tips on…
SIPPs

Understanding how to manage a Self-invested personal pension is important for anyone interested in saving for retirement. Before opening an account, please read about the SIPP risks to make sure it’s right for you.

Charlene Young
Pensions and Savings Expert

Our SIPP gives you full flexibility as to how and when you can withdraw your money in retirement (minimum age 55 rising to 57 from 6 April 2028).
You can take up to 25% tax-free when you come to access your SIPP, subject to your overall lump sum allowance of £268,275.
Transfer in old pensions or open alongside your current workplace pension, with both you and your employer (including your own business) able to pay into your SIPP.
Anything you keep invested will continue to grow, sheltered from tax, while tax relief means that £1,000 in a SIPP can cost as little as £550.
A SIPP isn’t part of your estate, so it's a very tax-efficient way of leaving funds to your loved ones after you’re gone. You can nominate anyone from family members and friends to your favourite charity.
Get an accurate idea of what your retirement income could look like after you turn 55, with our SIPP illustration tool.

Open a SIPP

Learn more about SIPPs

Is a Self-invested personal pension right for me?

Our Self-invested personal pension is for those who want full control over how their pension is invested. It may be right for you if:

You want to build and manage your own investment portfolio
You want a wide range of investments, including shares, bonds, and more
You want to access your pension within the next five years

If you’d prefer a more hands-off personal pension, where our experts manage your investments instead, our Ready-made pension may be more suitable.

Is a Self-invested personal pension right for me?

Our Self-invested personal pension is for those who want full control over how their pension is invested. It may be right for you if:

You want to build and manage your own investment portfolio
You want a wide range of investments, including shares, bonds, and more
You want to access your pension within the next five years

Ready-made pension

Our low-cost, low maintenance, simplified pension that removes the hassle of managing your investments.

If you’d prefer a more hands-off personal pension, where our experts manage your investments instead, our Ready-made pension may be more suitable.

Still not sure about opening a SIPP?

We get it, planning for retirement can be daunting and confusing. If you want to know more about saving for retirement or tips on how to make your pension last as long as you need, find out more below.