Important information: A SIPP is for those wanting to make their own investment decisions when saving for retirement. As investment values can go down as well as up, the amount you retire with could be worth less than you invested. Usually, you won’t be able to withdraw your money until age 55 (57 from 2028). Before transferring your pension, check if you’ll be charged any exit fees and make sure you don't lose any valuable benefits such as guaranteed annuity rates, lower protected pension age or matching employer contributions. If you’re unsure about opening a SIPP or transferring your pension(s), please speak to an authorised financial adviser.
What is a SIPP?
A SIPP, or Self Invested Personal Pension, is a type of pension that gives you control over how and where you choose to invest.
You can combine multiple pensions into one SIPP, making how much you will have in retirement much easier to track.
The ii SIPP could even save you a lot of money in charges thanks to our low, flat fee. Most pension providers charge a percentage fee, which grow with your pension value.
Why transfer to the ii SIPP?
- Our low, flat fee could leave you much better off in the long term.
- There's no fee to transfer in, and it's free to leave.
- Choose from one of the widest ranges of investments on the market – including funds, trusts and ETFs.
- Flexible pension drawdown options available.
- Combine old pensions for simpler retirement planning.
*We've crunched the numbers: If you invested in our SIPP, after 30 years you could be better off by £85k. That's more than £1,000 difference a year, just for using us over another platform. Lots of things can affect your final figure. But the lower the fees, the more money you'll keep for yourself. This is just for illustration if all other factors were the same. Don't just take our word for it: check our working out here.
Bobby’s got all the choice he needs
Bobby, 34, wanted to make sure his money was being put to good use. After a simple transfer, he found ii was providing the range of investments he was looking for.
“The investment options with ii are best in class. They let me make choices quickly and at a low cost. That’s why I’m with ii.”
Things to consider before you transfer
Please check that you won’t lose any safeguarded benefits if you transfer. This could include guaranteed annuity rates or lower protected pension age than the Normal Minimum Pension Age (rising from 55 to 57 in 2028). Please also check any transfer-out fees.
Please note that if you plan to hold both drawdown and non-drawdown pots in your ii SIPP, you cannot allocate specific investments to each pot separately. This means that the value of each pot will change in line with the overall performance of all the investments held in your SIPP.
How can Pension Wise help?
If you have a defined contribution pension scheme and are 50 or over, then you can access free, impartial guidance on your pension options by booking a face to face or telephone appointment with Pension Wise, a service from MoneyHelper.
If you are under 50, you can still access free, impartial help and information about your pensions from MoneyHelper.
