Self-invested personal pension (SIPP)
With a £60,000 tax-free annual allowance, it’s easy peasy to squeeze the most out of your pension
Open a SIPP View SIPP charges
Remember that investments go up and down in value, and you could lose money as well as make it. How you’re taxed will depend on your circumstances, and pension and tax rules can change. We don’t offer investment advice, so you’ll need to be confident you can manage your SIPP yourself.
SIPPs at a glance
A self-invested personal pension (SIPP) is the pension that puts you in control of your retirement and investments. You’ve complete flexibility to decide how much you save, and when and where your pot is invested. Like all pensions, your savings can grow tax-free, and could be topped up from UK Government tax relief.
A top-up from the taxmanIt only costs 80p of your own money to save £1, thanks to SIPP tax relief. And it’s even more efficient if you’re a higher earner.
Your pension, in your handsIn a SIPP, you manage your pension yourself - that includes deciding where it's invested and has the best opportunity to grow - and enjoy free access to your retirement savings when you come to access it from age 55 (rising to 57 from 2028) onwards.
All your pots, under one roofOpen a SIPP alongside your existing pensions – or transfer them in and manage everything in one online account.
Start investing from just £25Once you've funded your account you’re ready to go. Set up a £25 monthly Direct Debit, make a one-off £500 payment, or transfer a SIPP for free.
You can put 100% of your earnings into a SIPP, up to a maximum of £60,000 per tax year. And you can carry forward unused allowances from the three previous tax years. Learn more about SIPP allowances
Invest up to £60,000 a year
Why choose AJ Bell as your SIPP provider?
We’re one of the UK’s largest and best regarded investment platforms, trusted by over 593,000 customers. Here are some of the reasons why investing with AJ Bell feels so good.
You’re in controlWhether you use a financial adviser or manage your investments yourself, we offer a range of easy-to-use accounts and services, including our mobile app, to help you hit your financial goals. See a list of our award-winning accounts.
You’re in safe handsWe’re listed in the FTSE 250, so you know you’ve got one of the UK’s largest and financially secure SIPP providers behind you.
You get great valueOur charges are among the lowest in the market - you can buy investments from £1.50, and it costs just 0.25% a year to hold them with us. With options to suit all kinds of investors, you can be sure you’re getting one of the best value platforms in the UK.
You get top serviceWe’re here to help. Whether it’s over the phone, email or webchat, our friendly team will always be straight-talking and transparent.
Which? Recommended Provider for Pensions, 2024
0.25% annual account charge
Lower charges mean a larger pension pot. With us, you can hold your SIPP investments for just 0.25% a year, and deal online for as little as £1.50.
Your AJ Bell SIPP account features
Move with the market – log in 24/7 and deal on the go with our iOS and Android apps
Huge investment choice – choose from 2,000+ funds, shares across UK and international markets, hundreds of exchange-traded funds (ETFs), investment trusts and many more investment options
Invest regularly – grow your pension gradually by putting in as little as £25 a month with our regular investment service
Live UK prices – deal exactly when it's right for you
Free investment magazine – all AJ Bell customers enjoy full access to Shares digital magazine
Investing for your future, no matter your experience
Whether you’ve been investing for a while, or are a bit of a first-timer round here, we’ve got something for you.
We’ve got a team of expert investors ready to take the investment reins, or provide a smattering of inspiration. If, on the other hand, you’re happy to make your own choices, you can choose from an almost limitless number of funds, shares, investment trusts and ETFs.
Everything for the hands-on investor
With a choice of over 2,000 funds, shares from hundreds of listed companies around the world, investment trusts, ETFs, bonds and gilts – we’ve got everything the hands-on investor will need.
See all investment optionsExpert-inspired investments
Whether you’re looking for the AJ Bell funds managed by our in-house experts, our Favourite funds from across the market, or entirely pre-built Starter portfolios, we'll help you hit the ground running.
See our investment ideasOur no-fuss starter option
Choosing where to invest your pension doesn't need to be tricky. If you don’t know where to start, our Pension builder fund is a low-cost option for the hands-off investor, managed by our experts.
See our Pension builder fundFind your lost pensions
Did you know that one in four UK adults has lost track of a workplace pension?
By tracking down your lost workplace pensions with our Pension finder tool, and combining them into one pot, you’ll be able to:
- Keep better track of how much you’ve got saved for retirement
- Pay a single, low-cost account fee, instead of multiple charges
- Have greater control over how your pension is invested
Good to know about SIPPs
What are SIPPs?
SIPPs are ‘DIY’-style pensions that give you the freedom to invest your pot where you like, alongside all the usual pension perks like tax relief. You can also ask your employer to pay part of your salary directly into your SIPP (known as ‘salary sacrifice’). When you’re 55 or older (rising to 57 in 2028), a SIPP can give you more flexibility when you come to access your pot.
Learn more about what SIPPs are and how they work.
What’s the difference between a personal pension and a SIPP?
A personal pension is a pension you set up yourself (unlike a workplace pension or state pension). These are also known as defined contribution or ‘money purchase’ pensions, because the amount you receive in retirement depends on the amount you pay in.
A SIPP, simply, is a type of personal pension. It offers you wide investment choice and the freedom to manage your pot yourself. See our guide on pensions explained for more information.
When would I choose a SIPP?
You’re in control with a SIPP – meaning you need to be happy managing your pension yourself. Our investment ideas let you leave some of the legwork to us, but we don’t offer personal advice on which investments to pick. So, you’ll need to be confident about taking matters into your own hands.
As a SIPP is a pension, remember you won’t be able to make withdrawals until age 55 (rising to 57 in 2028). Before opening an account, please read our SIPP key features, risks and terms and conditions to make sure it’s right for you.
Is a SIPP right for me?
Our Self-invested personal pension is a great, low-cost option for people who want full control over how their pension is invested.
If you’re uncertain about building and managing your own pension portfolio, then our Ready-made pension may be better suited for you. Here’s why:
Hands-off, simple investing. Just pick from our four funds and we do the rest for you
One all-in charge. No set-up costs, no additional fees, just one small, annual charge
Low-cost. Get started from as little as £25 per month
View our Ready-made pensionInvest up to £60,000 into an AJ Bell Self-invested personal pension today
Set up a SIPPFurther reading on pensions
Access my existing pension
Drawdown lets you access your pension flexibly and affordably
We'll help you get investing
For over 25 years, AJ Bell has made investing simple and affordable. We’re Which? recommended, seven years running, with an award-winning range of accounts.
Can we help?
If you’d like more information about AJ Bell’s accounts and services, get in touch with our friendly customer services team - we’re here to help.