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SIPP
Investing for your retirement
Take control of your pension savings with a Self-Invested Personal Pension. A SIPP has all the tax benefits of a standard pension but you can choose from a greater number of investments to spread your money and potentially help reduce your risk.
With so many options, it can be hard to choose where to start. That's why, working with AJ Bell, our SIPP administrators, we offer a SIPP Start-Up Fund. The fund aims to help people save for retirement through steady growth over the long term.
Our SIPP is administered by AJ Bell.
Why should I invest in a SIPP?
Example of tax benefits
Tax benefits can seem complicated so here’s one example of how it could work in practice. Please note, tax treatment depends on individual circumstances and may be subject to change in the future. We do not give tax advice and as tax relief is dependant on individual circumstances the amounts we show may vary to your own.
|
Your tax bracket |
Your contribution |
Government top-up (20%)Paid into SIPP account |
Further tax reliefClaimed through annual tax return |
Total tax relief |
|---|---|---|---|---|
Your tax bracketNon-earner (max contribution) |
Your contribution£2,880 |
Government top-up (20%)Paid into SIPP account£720 |
Further tax reliefClaimed through annual tax return£0 |
Total tax relief£720 |
Your tax bracketBasic rate (20%) |
Your contribution£6,000 |
Government top-up (20%)Paid into SIPP account£1,500 |
Further tax reliefClaimed through annual tax return£0 |
Total tax relief£1,500 |
Your tax bracketHigher rate (40%) |
Your contribution£6,000 |
Government top-up (20%)Paid into SIPP account£1,500 |
Further tax reliefClaimed through annual tax return£1,500 |
Total tax relief£3,000 |
Your tax bracketAdditional rate (45%) |
Your contribution£6,000 |
Government top-up (20%)Paid into SIPP account£1,500 |
Further tax reliefClaimed through annual tax return£1,875 |
Total tax relief£3,375 |
Please note, tax rates in the above table only apply to England and Wales.
Our SIPP is administered by AJ Bell.
AJ Bell Management Limited is the Scheme Administrator of the Halifax Share Dealing SIPP. AJ Bell Management Limited is registered in England No. 3948391. Registered Office: AJ Bell Management Limited, Building 4, Exchange Quay, Salford Quays, Manchester, M5 3EE. Authorised and regulated by the Financial Conduct Authority and on the FCA register under FCA registration number 211468.
Sippdeal Trustees Limited is a wholly owned subsidiary of AJ Bell Management Limited, registered in England No. 4050222. Registered Office: AJ Bell Management Limited, Building 4, Exchange Quay, Salford Quays, Manchester, M5 3EE. Sippdeal Trustees Limited does not conduct any regulated activities, and is, therefore, not regulated.
Dealing and stock broking administration services are provided by Halifax Share Dealing Limited. Registered in England and Wales no. 3195646. Registered Office: Trinity Road, Halifax, West Yorkshire, HX1 2RG. Authorised and regulated by the Financial Conduct Authority under registration number 183332. A Member of the London Stock Exchange and an HM Revenue & Customs Approved ISA Manager.