Invest your money for the future

With a flexible, tax-efficient Self Invested Personal Pension (SIPP) you can choose from thousands of investment options for your portfolio. Open or transfer a SIPP  today.

 

Apply for a SIPP

Pensions are a long-term investment

 

The retirement benefits you receive from your pension account will depend on a number of factors including the value of your account when you decide to take your benefits which isn't guaranteed, and can go down as well as up. The value of your account could fall below the amount paid in. Tax treatment depends on individual circumstances and may be subject to change in the future.

With so many options, it can be hard to choose where to start. That's why, working with AJ Bell, our SIPP administrators, we offer a SIPP Start-Up Fund. The fund aims to help people save for retirement through steady growth over the long term.

Invest your money for the future

With a flexible, tax-efficient Self Invested Personal Pension (SIPP) you can choose from thousands of investment options for your portfolio. Open or transfer a SIPP for free today.

 

Apply for a SIPP

Pensions are a long-term investment.

 

The retirement benefits you receive from your pension account will depend on a number of factors including the value of your account when you decide to take your benefits which isn't guaranteed, and can go down as well as up. The value of your account could fall below the amount paid in. Tax treatment depends on individual circumstances and may be subject to change in the future.

AJ Bell logo

What is a SIPP?

 

A Self Invested Personal Pension can help you save money for retirement. Build your pension pot with a broad selection of investment options, chosen by you.

A SIPP can also give you tax-efficient investments and government tax relief to get even more out of your long-term savings.  

Learn all about SIPPs Link to learn all about SIPP accounts
    • Boost your State Pension
    • Save money from income tax and capital gains tax
    • Reduce inheritance tax
    • Flexible options when you retire

    Learn all about SIPPs

     

  • Before you start putting your money to work, find out if a SIPP is suitable for you.

    To open a SIPP, you must:

    • Be 18 years old or older
    • Be a UK resident
    • Not be a US citizen or taxpayer.

    Self-Employed?

    If you’re self-employed, you may want to think about how to save for retirement without a workplace pension.

    • You’re the boss of your own retirement pot, so you choose how much to pay into your pension
    • Growing your pension savings is challenging in today’s climate – but a tax-efficient SIPP investment account could help you diversify your investments
    • Working for yourself is naturally independent – make sure that freedom continues by future-proofing your retirement with a pension plan

    A SIPP is a great way to build your investment portfolio. It’s key to understand your investment options, charges and risks, too.

    SIPP Charges

    SIPP Risks (PDF, 81KB)  

  • Say hello to low-cost pension planning with IWeb.

    • Free to open. No account opening charge
    • Invest. Potentially up to £60,000 per tax year
    • Flexibility. Choose when to access your pension from 55 (57 from 2028)
    • Income. Available as a lump sum and/or regular income
    • Choice. Spread your risk with the freedom to hand-pick your investments

     

    Our SIPP is administered by A J Bell - an award-wining pension provider

     

 

 

Award

Boring Money Awards 2023 - Best Share trader & Best for Low-Cost ISA >£50k.

 

 

Winning

How to open a SIPP

How to open a SIPP

Opening a SIPP investment account is a simple way to trade stocks and shares online to build a pot for your retirement. 

Setting up is easy:

 

  1. Check your eligibility
  2. Complete our SIPP application form online
  3. We’ll send you an email to read and sign electronically

 

To apply, you’ll need your:

  • Current home address
  • Previous addresses from the last three years
  • National Insurance Number

 

 

Looking to transfer your current pension into a SIPP? Keep those details to hand, too. Don’t worry, you can also do this after your new SIPP is open.

Learn more about managing your SIPP with our useful forms. Read about additional contributions and transferring your existing pension.

 

Your SIPP investment options

Your SIPP investment options

When it comes to investing, there’s a lot of choice out there. We’re here to help.

Our SIPP lets you pick from over 2,500 funds, and many more shares, ETFs and investment trusts. So, you can diversify your portfolio and minimise your risk. 

 

  • Shares – trade on the London Stock Exchange, as well as six other world markets
  • Funds – spread your money across different sectors and locations
  • Investment trusts – professionally managed funds that are invested in on your behalf
  • Exchange Traded Funds (ETFs) – funds that track a specific index, such as FTSE 100
  • Not sure where to start? You could consider our SIPP Start-Up Fund. Or, if you'd like to build your own portfolio, make the most of our easy-to-use tools and insights to compare your investment options. Search for shares, compare funds and review trust performance. 

     

    Learn more about managing your SIPP with our useful forms. Read about additional contributions and transferring your existing pension.

    Explore the Research Centre for our full range of investment options.

     

Start a SIPP Link to the SIPP application form

Ready to apply for a SIPP?

Ready to apply for a SIPP?

Start saving for the future with a tax-efficient SIPP today.

Remember to prepare your personal details to get started, including your National Insurance Number. We’ll be in touch via email. 

 

Open a SIPP

 

IWeb Share Dealing SIPP Service Terms & Conditions (PDF, 420KB)
SIPP Scheme Terms and Conditions (PDF, 234KB)

Example of SIPP tax benefits

Tax benefits can seem complicated so here’s one example of how it could work in practice. Please note, tax treatment depends on individual circumstances and may be subject to change in the future. We do not give tax advice and as tax relief is dependant on individual circumstances the amounts we show may vary to your own.

 

Your tax bracket

 

Your contribution

 

Government top-up (20%)

Paid into SIPP account

 

Further tax relief

Claimed through annual tax return

 

Total tax relief

 Your tax bracket

Non-earner (max contribution)

 Your contribution

£2,880

 Government top-up (20%)Paid into SIPP account

£720

 Further tax reliefClaimed through annual tax return

£0

 Total tax relief

£720

 Your tax bracket

Basic rate (20%)

 Your contribution

£6,000

 Government top-up (20%)Paid into SIPP account

£1,500

 Further tax reliefClaimed through annual tax return

£0

 Total tax relief

£1,500

 Your tax bracket

Higher rate (40%)

 Your contribution

£6,000

 Government top-up (20%)Paid into SIPP account

£1,500

 Further tax reliefClaimed through annual tax return

£1,500

 Total tax relief

£3,000

 Your tax bracket

Additional rate (45%)

 Your contribution

£6,000

 Government top-up (20%)Paid into SIPP account

£1,500

 Further tax reliefClaimed through annual tax return

£1,875

 Total tax relief

£3,375

 

Please note:

  • Tax rates in the above table only apply to England and Wales
  • Tax treatment depends on on individual circumstances and may change in the future
  • We don’t offer tax advice as tax relief is dependent on individual circumstances – the amounts we show may vary to your own

 

Are SIPPs tax free?

Are SIPPs tax free?

SIPP investments are free from UK tax, including:

 

  • Capital Gains tax
  • Dividend tax
  • Income tax

 

Your contributions can also benefit from government tax relief and protect your estate from inheritance tax.

Transfer your SIPP to IWeb

Transfer your SIPP to IWeb

Looking for a change? Transfer your existing pension to a SIPP. Our simple transfers can take five weeks to complete. Complex transfers may take longer.

If you’re not sure, seek independent advice for support. You may be charged for this advice.

 

Transfer your SIPP

Already have a SIPP with IWeb?

Already have a SIPP with IWeb?

  • Pay quarterly. Account charges of £22.50 if the SIPP value is £50,000 or less, or £45 if the value is above £50,000
  • UK trading. £5 dealing commission per UK or fund trade
  • International trading. No international dealing commission online (1.5% foreign exchange rate still applies)

Looking where to invest?

Looking where to invest?

 

Research the market. You can find lots of useful information about where to invest your SIPP in the Research Centre.



Research Centre Link to the research centre

FSCS logo

Investments with Halifax Share Dealing Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme. This limit is applied to the aggregated total of any stock or cash held across the following brands that we administer.

This is in addition to any other savings deposits you may hold across Lloyds Banking Group.

SIPP fees and charges

  • Pay quarterly. Account charges of £22.50 if the SIPP value is £50,000 or less, or £45 if the value is above £50,000
  • UK trading. £5 dealing commission per UK or fund trade
  • International trading. No international dealing commission online (1.5% foreign exchange rate still applies)

Understanding tax changes

 

Tax allowances are changing over the next two years.

Read our FAQs to understand how this may impact you and your investments. 

 

 

Frequently asked questions

  • A SIPP is similar to a regular pension. It’s a pot of money you build over the years, ready for retirement. What makes them different is that SIPPs let you manage the investments yourself. You can choose from a wider range of options and assets, such as funds, shares and investment trusts. 

     

  • The advantages and disadvantages of a SIPP can vary from person to person. You can only access your SIPP when you reach age 55 or older (57 from 2028). Plus, if you’re considering transferring your existing pension to a SIPP, you may lose your previous benefits. Be sure to research options before you jump in. 

  • Yes. You can contribute to both a workplace pension and a personal pension, such as a SIPP, at the same time. That way, you’ll benefit from your employer’s contributions as well as a diversified portfolio for additional pension savings. 

AJ Bell Management Limited is the Scheme Administrator of the IWeb Share Dealing SIPP. AJ Bell Management Limited is registered in England No. 3948391. Registered Office: 4 Exchange Quay, Salford Quays, Manchester M5 3EE.

Authorised and regulated by the Financial Conduct Authority and on the FCA register under FCA register number 211468. Sippdeal Trustees Limited is a wholly owned subsidiary of AJ Bell Management Limited, registered in England No. 4050222. Registered Office: 4 Exchange Quay, Salford Quays, Manchester M5 3EE. Sippdeal Trustees Limited does not conduct any regulated activities, and is, therefore, not regulated.

Dealing and stock broking administration services are provided by the IWeb Share Dealing Service which is operated by Halifax Share Dealing Limited. Registered in England and Wales No. 3195646. Registered Office: Trinity Road, Halifax, West Yorkshire HX1 2RG. Authorised and regulated by the Financial Conduct Authority under registration number 183332. A Member of the London Stock Exchange and an HM Revenue & Customs Approved ISA Manager.