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Self Invested Personal Pension (SIPP)


A Self Invested Personal Pension is one of the UK’s most flexible type of personal pension policies.  If you’re comfortable managing your own pension investments you can set up a SIPP yourself. It’s relatively easy to do.  If you prefer for your/a financial adviser to open and manage the SIPP on your behalf then ask them to send you a link from their account with us and then follow the instructions accordingly.  It’s super simple.

Once you’ve opened a SIPP, you’ll need to select what you want to invest in before making contributions – these can be made as a one-off or on a regular basis. If you plan to transfer one or more existing personal pensions into your SIPP, check whether you’ll need to pay any transfer fees to your existing provider first.

Once a SIPP is up and running, it acts much the same way as a regular pension:

  • The government will provide tax relief to your contributions
  • You can ask an employer to make additional contributions (they’re not obliged)
  • Its value will rise and fall with the performance of its investments

Because SIPPs require a more hands-on approach than standard pensions, you’ll need to keep an eye on its performance and make ongoing investment decisions. This can usually be done online on our comprehensive client portal.

Our Services

Terms & Conditions 
Key Features
Costs and Charges

Click here to view our policies and disclaimers prior to opening any type of account with us.

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A Self-Invested Personal Pension (SIPP) is a pension plan that lets you choose how your savings are invested. A SIPP is a type of defined contribution personal pension, which means the value of your pension pot at retirement depends on the amount you pay in and the performance of your investments.

Low Cost

Our super low cost fees are £150 p.a. for the wrapper, plus 0.25% on all assets we hold, capped at £400 p.a.

Asset Range

Access to an array of global markets covering a vast range of Equities, Exchange Traded Funds and Mutual Funds / Investment Trusts.

Foreign Currency

Your account will let you exchange almost any currency pair, allowing you to invest in foreign currency assets.


Live Pricing with immediate market access at a fixed cost of £7.95 per transaction, including FX.


Whether an active or a buy and hold trader, our platform has been designed for both professionals and novices.


No paperwork, no scanning and uploading, fully automated for an enhanced client experience.

Our Super Simple Fees



capped at £400 per annum



fixed for all online trades & fx



free for accounts under £50,000

SIPPs are wonderful tools for saving for retirement.  They allow you to amalgamate old pension plans and make pension contributions.  There are rules and limitations on how much you can pay in based on your employment status and your income.  We suggest liaising with a financial adviser to learn what can and can’t be done with a SIPP and to find out if there could be a more suitable product for your requirements.

Ready to get Started?

Why Choose a SIPP?

A SIPP can be a good option if you want to combine your pension pots into one single fund and then actively manage your money yourself, or choose a money manager to do this for you.

With other types of pension, decisions about how to invest your money are in the hands of your pension provider.

This means that a SIPP comes with a certain level of responsibility, and requires savers to have some understanding of investing and to keep an eye on their investments.

You can usually opt to pay quite a low monthly amount into your SIPP, but a higher monthly contribution sometimes gives you access to more investment options.

We always suggest seeking independent financial advice if you are unsure or not confident with investing yourself.

The Costs of a SIPP

There are many different SIPP’s available in the UK today and they have different fee structures, so it’s important to check and compare carefully.

Some are complex SIPP’s that allow property purchases and some are simple ‘pay into’ or transfer amalgamation SIPP’s.  So chose wisely, there is no point in paying for something you will not use.

Please note that sometimes there could be a cost in setting up your SIPP.  Also note that annual fees and trading charges will apply.

It would  be worthwhile taking a look at any exit penalties along with any charges you’ll have to pay if you want to draw an income from your SIPP.

With the Invinitive SIPP, things couldn’t be simpler.  £150 per annum for accounts exceeding £50,000 and a 0.25% annual management fee (capped at £400 per annum).  That’s it!  We do have some adhoc fees for trading, withdrawing etc, so please review our fees and charges document for further information. 

Tax Free Savings

A SIPP grows completely tax free.

This is one of the main advantages of using one.  Another advantage is tax relief.

When it comes to paying money into your SIPP, the government will apply tax relief on your contributions. The amount you receive will depend on your income tax band (Scotland has different rates):

> Basic-rate taxpayers get 20% tax relief

> Higher-rate taxpayers get 40% tax relief (claimed through self-assessment)

> Additional-rate taxpayers get 45% tax relief (claimed through self-assessment)

So a basic-rate taxpayer only needs to contribute 80p of every £1 that ends up in their SIPP.

There’s a limit on the amount you can pay into your SIPP, called the Annual Allowance. This allows you to pay in up to £40,000 per year  or 100% of your salary – whichever is lower (2021/2022). The rules are slightly different for those earning less than £3,600 or more than £240,000.

How to Access your Pension Benefits

A SIPP (and all UK pensions for that matter) can be accessed from the age of 55 (this will increase to 57 from 2028), no matter who your provider is.  However you can leave the money in for longer if you prefer.

The benefit of the 2015 Pension Freedoms Act 2015 meant that you no longer needed to buy an annuity with your pension proceeds.  Instead you can take flexible access; allowing you access to what you want, when you want it.

The value of your SIPP can be derived from the amalgamation of old frozen pensions and/or the contributions you made to the pension whilst eligible.

When you decide to take money out of your SIPP, your options are very similar to traditional pensions. You could:

> Take all of it out as a lump sum

> Take out a smaller lump sum and leave the rest invested for later use

> Buy an annuity

> Drawdown a smaller amount on a regular basis

> Leave it for access at a later date when you need it or pass it to your beneficiaries

You can withdraw 25% of your SIPP tax-free. The other 75% will count towards your annual earnings and will be taxed depending on your income tax band.

For example, if your annual earnings (including the amount you withdraw from your SIPP) make you a higher-rate taxpayer, you’ll need to pay 40% tax on earnings above £50,270 (2021/2022)

Open a new SIPP

Open your account through our automated application process and then fund your account with as much as you wish to deploy or set up a Direct Debit to pay one off or regular premiums.

Transfer an Existing Account

If you have an account with another provider you can transfer it to us. Open a GIA account then provide us with the details of your accounts and we will take care of it from there.


The value of your investments and the income from them can go down as well as up, you may get back less than you invest.  Tax treatment depends on individual circumstances and all tax rules may change in the future.  None of the above information should be construed as a personal recommendation or advice.  If you are unsure about the suitability of an investment or pension product you should speak to an authorised independent financial adviser.

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