A self-invested personal pension, or SIPP, is the ‘DIY’ pension. How much you put in, where you invest it, how much you take out from age 55 and older – it’s all up to you. You can also transfer other pensions to a SIPP, letting you manage your whole pot in one place. Like all pensions, SIPPs earn you tax relief. For every £80 you put in, the Government add £20 – and you can claim an extra £20 if you’re a higher earner.
An affordable, flexible pension pot
It’s free to open an AJ Bell Youinvest SIPP, and you can buy investments from as little as £1.50. Calculate my charges
We’re proud to have been the first company to offer an online SIPP. And even prouder of the many awards won since.
How much can I pay into my SIPP?
You can usually pay up to 100% of your salary into your SIPP each tax year, up to £40,000.
As well as paying into your SIPP yourself, you can ask your employer to pay part of your salary in directly (known as ‘salary sacrifice’). More about employer contributions.
Is a SIPP right for me?
A SIPP gives you control over your pension. But that also means you need to be happy looking after it yourself.
Our investment ideas let you leave some of the legwork to us, and we publish regular articles and videos to help you get the measure of the markets. But we don’t offer advice on which investments to pick – so you’ll need to be confident about taking matters into your own hands.
On our site you can read about how SIPPs work and learn about their tax benefits. We’ve also pointers on how to protect yourself from pension fraud. You should also read our key features before you open a SIPP.