Understanding Self Invested
Personal Pensions

What is a SIPP?

A Self Invested Personal Pension (SIPP) is a retirement account that allows you to take control of your pension investments. A SIPP can give you more freedom and flexibility when it comes to making decisions about your retirement savings and where you wish to invest them.

SIPPs can be opened by anyone in the UK under the age of 75. If you live outside of the UK, you can open a SIPP to combine all your old UK pensions into one. You’ll have all the same tax advantages as a traditional pension, and the Government will still give you a boost of up to 45% (or 46% if you’re a Scottish rate taxpayer) on top of anything you pay in as tax relief.

How can you start a SIPP?

Transferring your existing pensions

UK and international residents can open a self-invested personal pension account by applying to transfer their existing UK pensions into iSIPP. Combining existing pensions into one account can provide you with the necessary visibility and control over your retirement plans.


With personal contributions

You can open a self-invested personal pension account by setting up personal contributions into your iSIPP account. To qualify you will need to be a UK resident with relevant UK earnings. Most can contribute up to £40,000 per tax year in line with the current pension annual allowance.


How does the application work?


Get to
know you

You only need a few personal details to get started. Simple and accessible 24/7, you can set up your account online.


Contributions and transfers

We’ll help you consolidate pensions by bringing them together in your iSIPP account. You can also set up contributions.


Select your

The choice of funds is yours. That’s why we make selecting and managing your funds as clear and flexible as possible.


it for you

We’ll show you a summary of your details, and check you’re ready to proceed.

That’s it, leave the rest to us.

Our fees

Consolidating your pensions with iSIPP is free of charge and there are no fees for transferring your old pensions to us, regardless of how many you have. What’s more, you also won’t have to pay dealing fees when investing your pensions in your choice of funds. Find out more here.

Secure. Protected. Authorised.

People choose iSIPP because we offer a secure pension solution. We’re regulated by the Financial Conduct Authority (FCA), and your funds are overseen by leading fund managers and protected also by the Financial Services Compensation Scheme (FSCS).

But that’s not all. Accessing your account requires two-factor authentication for an extra layer of security, and we hold all client money in a separate, dedicated account. What’s more, we’re fully GDPR-compliant, making sure all data is protected with a robust privacy policy and Secure Sockets Layer (SSL) certificate registered with the Information Commissioner’s Office (ICO).

As with all investing, your capital is at risk. The value of your portfolio with us can go down as well as up and you may get back less than you invest. We do not provide investment advice.

Apply now