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Self-Invested Personal Pension (SIPP)

A Self Invested Personal Pension (SIPP) is a type of personal pension designed for self-employed and/or individuals who don’t have pension savings through work or who want to supplement their retirement savings in a tax-efficient manner.


A SIPP is a contract between the individual and the pension provider.  A SIPP facilitates the options available to an investor by allowing them to select from a wide range of underlying investment portfolios with diversified exposure to the Equity, Property and Income asset classes.


  • Anyone up to the age of 75

  • A UK tax resident

  • Self-employed or a Professional

  • An investor with a medium to long term investment horizon

  • Transfer from your UK-registered pension scheme 

  • Transfer your deferred UK-registered pension scheme 

  • Greater flexibility regarding investment choice


  • Contributions  to a SIPP can be used to manage an investor's tax liability

  • A SIPP benefits from the normal tax relief available to pension products. By way of example, if a client were to invest a £10,000 in a SIPP, they will receive tax relief of £2,500 from the HMRC at a basic rate of 20%. This will therefore increase the total contribution to £12,500. High (40%) and additional (45%) rate taxpayers, can claim further tax relief through their self-assessment. Therefore, the total contribution for the high and additional rate taxpayers will be £15,000 and £15,625 respectively.

  • From the age of 55 (increasing to 57 from 2028) you can start withdrawing benefits from your pension savings either by a lump sum withdrawal, an income drawdown, buying an annuity or by purchasing a scheme pension. 25% of the fund is tax-free and the rest will be subject to income tax at your marginal rate 

  • A SIPP can be inherited by a dependent or nominated beneficiary on a members death

  • The investment growth within the SIPP is free from income and capital gains tax.

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