A Self-Invested Personal Pension (SIPP) is more than a tax-effective way to save for your retirement. It offers you flexibility and control over your investment decisions as you plan and build your pension.
And, right now, we are offering you up to £1,000 cashback if you open and add money to your new SIPP account between 11 March 2019 and 30 June 2019.
Terms and conditions apply, please see below.
Your cashback will be based on your SIPP account balance on 30 September 2019 and we’ll pay it into your Dealing Account directly.
The more you put in, the higher the reward.
Bear in mind it can take between 30 to 60 days to transfer existing SIPP investments from another provider into your SIPP account.
You can transfer any previous SIPPs, private pensions or employer pensions into one pot - your Selftrade SIPP account. It’s worth knowing that most companies don’t charge a fee if you choose to transfer your existing pension.
By consolidating your pensions, you can avoid multiple fees and enjoy more flexibility and control over where you invest.
Plus, a SIPP is portable as it is attached to you, not your job. It is a practical way to keep contributing to your personal pension even if you change jobs, take a break, or are self-employed.
The UK Government will provide 20% - 45% tax relief on all contributions into your SIPP each year.
For example, if you are a basic rate tax payer and put £1,000 into your SIPP, the government will add an additional £250 in tax relief.
If you’re a higher or top-rate taxpayer, you can claim back up to a further 25% on your tax return. Scottish taxpayers can claim back up to an additional 26% on their tax return, potentially bringing their total tax relief to 46%.
Accumulated investments within SIPPs grow free of income tax, while if you choose to sell or dispose of any investments including properties and bonds, you won’t have to pay capital gains tax.
The Selftrade SIPP offers some of the most competitive rates available.
Not only does it offer a market-leading flat admin fee of £118.80, there are no charges for unplanned events, such as divorce or early account closures.
And no matter the SIPP provider you choose, with Selftrade the more you trade, the smaller the fee. Over half of our existing SIPP customers do not pay any custody fees as they are offset by their dealing commissions and funds platform fees, saving £70 per annum.
That mean lower costs each year as you build towards your retirement.
If you already have an account with Selftrade, the next step is to visit your account dashboard to open a SIPP. From here, you’ll be able to select either the Selftrade SIPP, or a SIPP provider from our panel.
Once you complete your provider’s application, Selftrade will be on hand to complete the set-up of your SIPP account.
New to Selftrade? Visit our Sign Up link at the top of this page.
If you have any questions, simply call our Customer Experience Centre on 0345 0700 720. Our lines are open Monday to Friday from 07:45 to 19:00.