Self-invested personal pension (SIPP)

A type of pension that gives you more control over your pot. You can choose how much you pay in, as well as what you invest in.

As it’s a pension, you have generous tax reliefs and incentives on money you save into a SIPP (although limits do apply), and your investments can grow free of tax.

When the time comes to access your SIPP, you can take up to 25% tax free, and you’ve flexibility over how and when you draw income from the remaining pot.

More on SIPPs

Popular terms

Lump sum and death benefit allowance

This is a limit on the total tax-free lump sums that can be paid from your pensions both in your...

Lump sum allowance

When you access your pension, you can usually take up to 25% of the value tax-free. The lump sum allowance...

Ready-made pension

A simple, low-cost pension where you choose from four AJ Bell fund options.

Money paid in is automatically invested...