SIPP PENSIONS - SELF INVESTED PERSONAL PENSIONS 

A Self Invested Personal Pension (SIPP) is a type of personal pension plan. It works in the same way for contributions, tax relief and eligibility. However the main difference is that the SIPP has a more flexible approach to investments. A SIPP allows the plan holder much greater freedom in what to invest in and for the plan to hold these investments directly. The plan holder can have control over the investment strategy or can appoint a fund manager or stockbroker to manage the investments. Compare the companies bellow which offer this sort of pension scheme. Be sure to read the terms and conditions thoroughly and if you have any queries speak to an independent financial advisor.

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If you wish to speak to someone: Contact Us or Enquiry Line: +44 (0) 207 386 5300

PROVIDERTYPE

TYPE

Type of Pension

MIN INVESTMENTS

MIN INVESTMENTS

Minimum Investment

SIPP OPTION

SIPP OPTION

Self-Invested Personal Pension Plan

RATE

RATE

Interest rate on savings

FEES / CHARGES

FEES / CHARGES

Fees Charges

FUND OPTIONS

FUND OPTIONS

Number of fund options

CONDITIONS

CONDITIONS

Conditions of pension fund

FEATURES

FEATURES

Pension fund features

SUITABLE

SUITABLE

Who the fund is suitable for

TERMS

TERMS

Terms and conditions of the pension

SPREAD

RESTRICTIONS

Restrictions for applicants

MORE INFO

Fidelity SIPP
Fidelity SIPP

Self-Invested Personal Pensions£100 per monthWith your own money, Your employer or Ltd. company contributingVaries on fundUp to 0.95%Ready-made funds - Full fund rangeConditions

Conditions

Please remember, the value of investments can fall as well as rise, so you may get back less than you invest

Features

Features

You receive income tax relief on money put into a pension.

Suitable For

Suitable For

SIPPs are available to anyone aged under 75 who is resident in the UK for tax purposes.

Terms and Conditions

Terms

Eligibility to invest in a SIPP will depend on personal circumstances, and all tax rules may change in the future.

Restrictions

Restrictions

You will not normally have access to money you have invested in a SIPP until the age of 55.

Fidelity SIPP
The Fidelity SIPP is an easy way to get saving. Just invest a single lump sum, or from just £100 a month. We offer one low cost service fee with no additional charges including no exit, switching or transfer fees. DETAIL INFORMATION >>Services

Services

Online Access


Advantages

Advantages

1. One low cost fee – our typical service fee is just 0.35%
2. 24/7 access – via our online account management system, and mobile apps
3. A wide choice – we give you access to a wide range of investment options with low ongoing fund charges starting from just 0.07%, as well as tools to help you find the right funds for you
4. Great service – we are committed to providing excellent customer service, from our UK based contact centre to investment guidance on our website.


Disadvantages

Disadvantages

1.Fund management charges will still apply 

2.Fidelity do not give financial advice.

AJ Bells
AJ Bells

Self-Invested Personal Pensions£20 per monthYouinvest SIPP0.20% per annumFrom £20 p.a.Choose from over 4,000 fundsConditions

Conditions

Please note the value of investments, and any income from them can go down as well as up and you may not get back your original investment.

Features

Features

You will get access to an incredibly wide range of investment options and can deal from as little as £4.95, and you will never pay more than £9.95 per online deal.

Suitable For

Suitable For

SIPPs are a type of pension suitable for investors who are comfortable making their own investment decisions.

Terms and Conditions

Terms

Once you reach age 55 you will have access to your whole pension pot and can choose how to use your pension in your retirement.

Restrictions

Restrictions

Only UK residents can apply

AJ Bells
Keep control over how your pension is invested and make changes whenever you like - and once you have reached the age of 55 you can have access to your money and choose how you want to use it. Sign up now online! DETAIL INFORMATION >>Services

Services

Manage your account online, easy application


Advantages

Advantages

1.Low annual custody charge 2.Low cost dealing 3.Manage account online


Disadvantages

Disadvantages

Fees and charges might apply

If you wish to speak to someone: Contact Us or Enquiry Line: +44 (0) 207 386 5300

Compare SIPP Pensions

Why choose SIPPS

Sipps can be used to gain tax relief on a wide range of assets – including bank deposits, bonds, shares, pooled funds such as unit and investment trusts, Open-Ended Investment Companies (Oeics), Exchange Traded Funds (ETFs), commercial property, hedge funds, foreign currency and warrants. SIPPs have to be administered by an authorised provider to gain tax relief from HM Revenue & Customs but you decide what it buys and sells and when. A quarter of the value of your SIPP can be taken as tax-free cash to spend on anything you like after you reach 55 years of age.

SIPPS are different

Sipps are a type of Personal Pension Plan. Another subset of this type of pension is the Stakeholder Pension Plan. SIPPs, in common with personal pension schemes, are tax "wrappers", allowing tax rebates on contributions in exchange for limits on accessibility. The HMRC rules allow for a greater range of investments to be held than Personal Pension Plans, notably equities and property. Unlike conventional personal pensions where the provider as trustee has ownership and control of the assets, in a SIPP the member may have ownership of the assets (via an individual trust) as long as the scheme administrator is a co-trustee to exercise control. In practice, most SIPPs do not work this way and simply have the provider as Sipps trustee

When you take your benefits from a traditional pension you usually pay all or part of your fund to an insurance company to buy an annuity. The annuity then pays you a guaranteed pension income for the rest of your life. A Sipp is different. It offers you flexibility when it comes to accessing the money you've built up by using Income Drawdown.

The various SIPP investment options

A major advantage of a SIPP is the huge range of investment options for you to compare and choose from. This is not an option with other pension plans or funds. As a general rule, SIPPs can be invested into the following – bonds, bank deposit accounts, stocks, shares and gilts, any investment trust which is listed on a registered stock exchange, offshore funds and exchange traded funds. There are various stipulations which could be set by providers that you must ensure you are aware of before you sign up for a particular plan.

What are the risks involved with SIPPs?

You must ensure you do your research and have experienced if you take out a SIPP. You could end up losing your funds so be sure you seek independent financial advice if you are in any doubt. If you are not comfortable with the level of responsibility associated with SIPPs you should rethink your options carefully.

SIPP PENSIONS - LATEST NEWS News and Charts

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20 December 2013
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Chancellor George Osborne announced the Autumn Statement last week, how will this affect your pension, ISA and income tax?

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With the recent changes in pension legislation, it is of paramount importance that you research your options carefully.

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Think Pensions

26 September 2012 16:00
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New Product! If you are over 55 and have a need for cash you could release money from your company or personal pension now. Think Pensions can help you locate a company who will perform a free, no obligation review of your Pension to see if releasing a Tax-Free Cash sum is right for you.

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Breakdown in UK Private Sector Pensions

03 January 2012
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There has been a dramatic collapse in private sector pension schemes as across the UK companies are withdrawing from bolstering employee pension schemes.

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Public Sector Strike Begins

30 November 2011
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Today sees public sector workers all over the country participating in a strike over pensions and is said to be the biggest walkout for a generation by unions.

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