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SIPPs

SIPPs

Planning ahead? Become a Bestinvestor with a Self-invested Personal Pension (SIPP) and create a brighter financial future for you or a child.

Important information: With investment, your capital is at risk. This is not personal advice. Taxation depends on individual circumstances. SIPP and tax rules may change. Check you will not lose any existing benefits before transferring. Seek professional advice if unsure.

What is a SIPP?

Self-invested Personal Pensions are a type of pension that give you:
  • More control

    You get more control over your pension investments. It’s easy to buy, sell and switch them.
  • A wider choice of investments

    You get access to a wider variety of investments than traditional pensions, including thousands of funds and UK shares.
  • Better visibility

    It’s quick and effortless to check the value of your pension and see how each of your investments is performing.
  • Freedom to take an income

    When you reach retirement you can take an income in the way that suits you best.

Benefits of the Best SIPP

  • Great value for money

    Tiered service fees mean you pay lower fees for larger pensions, with no set-up charges when you open your account.

  • Invest how you like

    Let our experts manage your investments, invest with help from a coach or take care of everything yourself.

  • We make it easy

    Open a pension by investing or transferring, use all our free investment insights and call our UK-based experts if you need help. See our transfer considerations

Got a SSAS? Maximise your investments

It’s easy with our SSAS Pension Investment Account. Only 0.4% service fees. £4.95 per online UK trade. Ask about our cash interest rates.

Learn more

Who can have a SIPP?

Who can have a SIPP?

Almost any UK resident under the age of 75 can save into a SIPP. You can open a SIPP for yourself or somebody else, such as a partner or a child. But before opening an account you should make sure you will use the extra control and choice that SIPPs give you. SIPPs are not suitable for everyone. If you don’t want to invest across different asset classes or don’t think you will make use of the investment choice that SIPPs give you, then a SIPP might not be right for you.

Pensions for children

Pensions for children

You can contribute up to £2,880 a year into a SIPP on behalf of a child and this should build up a surprisingly large fund for when they retire. Because of the length of time the money will be invested, even small amounts can grow quite substantially, but remember, the value can fall as well as rise and you may get back less than invested.

Transferring a pension

Transferring a pension

If you already have a number of different pensions, you can bring them together into a Best SIPP and gain more control of your retirement investments. We’ll even pay up to £500 towards any exit fees that your existing providers charge. See the terms and conditions here. Before you consider transferring a pension, it is important to ask yourself: Will I lose any valuable benefits or features from my existing pension plan? Will I incur any penalties on my existing pension if I transfer? Is it an occupational final salary pension scheme? (In which case it is very unlikely to be advisable to transfer). Have I considered the charges on my current plan? (A new arrangement may be more expensive – especially if you have a stakeholder pension). 

Our charges – Ready-made Portfolios and US shares

We give you great value for money with clear charges that decrease as your pension grows: 

Up to £250,000

0.2%*

£250,000 - £500,000

0.2%

£500,000 - £1,000,000

0.1%

Over £1,000,000

No charge

Our charges – Other investments

You can also hold 3,000+ funds, shares and ETFs.

Up to £250,000

0.4%*

£250,000 - £500,000

0.2%

£500,000 - £1,000,000

0.1%

Over £1,000,000

No charge

There are no set-up fees, no fund dealing charges and we pay up to £500 towards your exit fees (see our terms and conditions) when you transfer your pensions*.

Find out more

Frequently asked questions

You can usually contribute as much as you earn each tax year, up to £60,000 – this is called your annual allowance. The allowance is reduced to a minimum of £10,000 for higher earners. If you earn enough, you are able to carry over unused annual allowance from the last three tax years through pension carry forward.

Book a free financial planning session with one of our coaches. They can help you take stock of any pensions you might already have to make sure your retirement is on track.

Pension investment ideas

SIPPs are not suitable for everyone. They may not be right for you if you don’t want to invest across different asset classes or don’t think you will make use of the investment choices available to you. Please contact us for guidance or advice if you are unsure.

*minimum £120 per year.

Before you consider transferring a pension, it is important to ask yourself: Will I lose any valuable benefits or features from my existing pension plan? Will I incur any penalties on my existing pension if I transfer? Is it an occupational final salary pension scheme? (in which case it is very unlikely to be advisable to transfer) Have I considered the charges on my current plan? (a new arrangement may be more expensive – especially if you have a stakeholder pension).