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Self-Invested Personal Pension (SIPP)

Be invested for the future you want. Save tax-efficiently from as little as £20 a month.

Important information - the value of investments can go down as well as up, so you may not get back what you invest. Eligibility to invest in a SIPP and tax treatment depends on personal circumstances and all tax rules may change in the future. You cannot normally access money in a SIPP until age 55 (57 from 2028). It's important to understand that pension transfers are a complex area and may not be suitable for everyone.

Look after future you, today

Our flexible, award-winning SIPP is a great way to invest for the future you want. It also comes with significant tax benefits. You choose what to invest in and when. And you can contribute with lump sums or with a regular savings plan.

Start saving today

Save from as little as £20 a month and HMRC will add to each payment*.

A wealth of choice

Thousands of funds and shares to choose from to help you reach your retirement goals.

Expert guidance

Online investment tools and insights to help with decisions.

A trusted provider

With over 50 years’ investing experience, we are trusted by over 1.6 million UK customers**.

Flexible retirement options

When the time comes to begin taking your pension.

Here to help you

Our UK and Ireland-based teams are on hand six days a week for extra support when you need it.

The minimum age you can normally access your pension savings is currently 55, and is due to rise to 57 on 6 April 2028, unless you have a lower protected pension age. Learn more about the normal minimum pension age

*The government contributes 20% basic rate tax relief of the total amount invested in your SIPP. To pay in a total of £25 to your SIPP, you only need to contribute £20, and the government will pay the other £5. If you pay income tax at above the basic rate, you can claim even more tax relief through your tax return or by writing to HMRC.​

**Source: Fidelity, as at 31.12.24

  • Wide investment choice - funds, shares, investment trusts and ETFs, giving you more ways to meet your goals.
  • Support to help with decisions - online guidance, planning calculators, easy-to-use investment selection tools, plus dedicated teams you can talk to. 
  • Additional benefits - if you invest over £250,000 with us, including a reduced service fee and your own Relationship Manager.
  • Which? Recommended Provider - we’re delighted to be a recommended provider for our SIPP four years running.
  • Any contributions you make are boosted by the government. For every £80 you invest HMRC adds £20 - and more if you’re a higher or additional rate taxpayer.
  • You can contribute and get tax relief up to the Annual Allowance of £60,000, or if you earn below this then tax relief is limited to 100% of your earnings (or to £3,600 if you have no earnings). Learn more about pension tax allowances
  • Your pension pot grows free of UK tax and you can normally take up to 25% tax free cash from age 55 (57 from 2028), with the rest of your withdrawals subject to income tax at your marginal rate.

Time to take control of your retirement

Open a SIPP

Start a regular savings plan from £20, or make a lump sum payment of at least £800.

Transfer a pension

Enter details of your current provider, we'll do the rest and let you know when it's complete.

Open a Junior SIPP

You could make a real difference to your child’s future too.

If your employer will be the primary payer to the SIPP, you can open an account with the Employer SIPP form.

If someone else (e.g. your partner) will be the primary payer, open your account with the Third party SIPP form.

 

Important information - Please note that withdrawals from a Junior SIPP will not normally be possible until the child reaches age 55 (57 from 2028).

Bring your pensions together

Having pensions spread across multiple companies can be both time-consuming and costly. Bringing them together in one place means less stress and less paperwork. 

It’s easy to do with our straightforward transfer process. Just tell us where they’re currently held and we’ll take care of the rest.

We don’t charge you to transfer and we’ll even cover any exit fees you may incur, up to a total of £500 per person.  T&Cs apply

Find out more about transferring your investments to Fidelity.

Important information: It’s important to understand that pension transfers are a complex area and may not be suitable for everyone. Before going ahead with a pension transfer, we strongly recommend that you undertake a full comparison of the benefits, charges and features offered. To find out what else you should consider before transferring, please read our transfer factsheet and our transfer guide: Moving your investments to Fidelity, which explains the options available and gives you the important information you need to know. 

Our award-winning approach

We don’t like to blow our own trumpet, but it's nice when someone else does. We’re also proud to recognised by Which? as a Recommended Provider for our Self-Invested Personal Pension (SIPP) and Pension Drawdown.

which-stack-of-four.jpg (265×178)  Boring Best for Customer Service 2024 Logowhich-logo

Need help?

Call our UK & Ireland-based team

0800 41 41 61

Mon-Fri 8.30am-5.30pm & Sat 9am-12.30pm

SIPP FAQs

To be able to open a SIPP you need to be:

  • a UK resident or
  • a Crown servant performing duties abroad or
  • married to or in a civil partnership with a Crown servant

If you wish to make contributions to the Fidelity SIPP you need to be:

  • under the age of 75 and a
  • UK resident for tax purposes or a
  • Crown servant performing duties abroad or
  • married to or in a civil partnership with a Crown servant

If you are a US person you cannot open a SIPP with Fidelity.

Anyone can contribute to your SIPP as a single or regular contributor using our paper form. You will be eligible to receive tax relief on any contributions made on your behalf by another individual subject to you having relevant earnings and subject to your annual allowance.

An employer may also choose to contribute to your SIPP by completing our form. You will not be eligible to receive tax relief on any contributions made by an employer.

You will not have to pay tax on money while it remains in your pension pot. You will normally only pay tax if you withdraw money from the pension pot. Up to 25% of your pension pot is usually tax-free up to the lump sum allowance, and any further money that is taken will be taxed just like any other earnings.

However, there are two other occasions which may result in paying tax on the savings within your pension pot:

  • exceeding your annual allowance (see more details on pension allowances)
  • when you die and there is still money remaining in the pension

Find out about the ways of taking money from a pension and how the tax works or more about tax-free cash.

  • If you have between £25,000 and £250,000 invested with us, you will pay our standard service fee of 0.35%.
  • If you have more than £250,000 invested, you will benefit from our lower service fee of 0.20%.  We do not charge you a service fee on any investments above £1 million.
  • If you have less than £25,000 invested, you will pay a flat-rate fee of £90 a year, that’s £7.5 a month. However, if you set up a regular savings plan, you will be eligible for our standard service fee of 0.35%.
  • There is no service fee on junior accounts, or on exchange-traded investments held in an Investment Account.

There are also charges set by the company managing any funds you own and charges related to share dealing. For a comprehensive view of our fees and charges please visit our fees and charges pages.

Find out more about our fees.

Yes, you can transfer your pension to us. When you move your pension (minimum of £100) to us, we’ll reimburse any exit fees (subject to T&Cs) that your former providers charge you, up to a maximum of £500 per customer. Of course, you need to decide whether these fees will impact the future value of your pension. You should also check your pension for valuable benefits that you may give up by moving your pension.

You can find out more about transferring your pension with our pension transfer factsheet or on our pension transfer page.

Self-employed workers have the same right to a pension as those who are employed by a third party.

The State Pension is an obvious example. The rules on eligibility are exactly the same, but where an employed person would have their National Insurance contribution deducted and paid to HMRC by their employer from their gross pay, a self-employed person needs to do it themselves through their tax return.

Similarly, a self-employed person will need to open and make contributions to a pension themselves as there's no employer to take care of this for them. This could be done in a personal pension, or in any savings account, for example a stocks and shares ISA (after all, a pension at its most basic level is any money you have saved for your retirement). Both options offer the same tax efficiencies that an employed person enjoys.

Fidelity offer both a Stocks & Shares ISA and a Self-Invested Personal Pension (SIPP), both of which allow you to invest in a wider range of investments from different providers, including funds from Jupiter, M&G, Fundsmith and Invesco, as well as Fidelity's own range of mutual funds, investment trusts and exchange-traded funds (ETFs).

Explore pensions for the self-employed

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Important information - This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice.