Man Painting enjoying his pension in retirement
Man Painting enjoying his pension in retirement

Self Invested Person Pensions

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Self Invested Personal Pensions

We have over 40 years experience working in pensions.

We have over 40 years experience working in pensions.

Important: Information is based on our current understanding of taxation legislation and regulations and are subject to change.

What is SIPP?

A Self-Invested Personal Pension (SIPP) is different to a traditional pension. SIPPs work much the same way as other personal pensions but with a greater range of investment giving you more choice in how you invest your money. You add money to your pension as and when you like. The government pays in an extra 20%* in pension tax relief. If you pay a higher rate of tax, you’ll usually be able to claim back even more with your tax return. Investments go down in value as well as up so you could get back less than you invest.

Should you die before retirement, the remaining value of your pension (SIPP) can be passed on to your nominated beneficiaries. The death benefits can be passed on to your loved ones, often tax free or paid as a pension to provide an income and benefit from leaving the money invested.

* For those paid via PAYE (without salary sacrifice), some self employed may pay gross contributions.

How We can Help You With Your Self Invested Personal Pension (SIPP)

SIPP are a type of pension that allows a wide range of investments. Pensions are meant for your retirement, so you normally can’t access your money until any time after your 55th birthday (57th from 2028). Pension and tax rules can change and tax reliefs depend on your circumstances.

If you’re not sure which investments are right for you, please contact us for further information, we are happy to help.

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The value of your investment can fall as well as rise and is not guaranteed.

Contact Us

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