IMG Artists Self Invested Personal Pension (SIPP)

IMG Artists will contribute an amount worth 4.5% of your Reference Salary (your basic salary before any Salary Exchange - see below) so long as you also pay in 4.5%. You can pay in even more to help target the lifestyle you want in retirement, if you want to.

The company contributions are in addition to your normal earnings. You can also make your own additional lump sum contributions with a debit card or by cheque.

You also have the option of transferring in any old private or work pensions making them easier for you to manage. Transferring is a straightforward process and Hargreaves Lansdown will do the transfer legwork for you.

Before transferring a pension you should ensure you won't lose valuable benefits or incur excessive transfer penalties.

Find out how to transfer your pension to the SIPP

Making contributions using 'Salary Exchange'

Your pension contributions can be made using Salary Exchange, one of the most tax-efficient ways of contributing to a pension for most people. With Salary Exchange, instead of contributing from your net pay (after tax and National Insurance), you agree to reduce your salary and have the equivalent amount paid into your SIPP as an employer contribution.

For instance, if you reduce your salary by £1,000 in a year, you won't pay Income Tax or National Insurance on that amount and you'll have £1,000 in your pension.

More information about Salary Exchange

Pension contribution calculator

Please note for the purposes of this calculation "your contribution" relates to the amount you decide to reduce your salary by (via Salary Exchange). Remember, this amount is paid into your pension on your behalf as an additional employer contribution.

See how little your pension contributions could cost

Simply enter your details into our interactive calculator then press 'calculate'.

Your annual salary (£):

Your contribution: %

Employer contribution: %

I pay income tax in Scotland*

These figures assume

• you are below state pension age.
• your only income subject to income tax and national insurance is your pensionable salary.
• your pensionable salary is spread evenly across the tax year.
• your pensionable salary is not subject to an upper or lower limit.
• you have a standard personal allowance, subject to any income related reduction.
• you pay full rate national insurance.

Important information:

This calculator is designed to show the potential cost and savings of pension contributions and should not be used to calculate tax or national insurance due. The tax and national insurance rates used are correct for the 2020/2021 tax year. Tax legislation is notoriously complex and this calculator cannot take into account every rule, nuance or exemption. You should not make, or refrain from making, any decisions based on this information alone. The exact amount of tax or national insurance saving you receive depends on your personal circumstances and the government can and does change the tax rules.

See pension allowance for limits on pension contributions.

*For more details of the Scottish rate of Income Tax please see GOV.UK

Key benefits of the SIPP

• As much or as little investment choice as you like
  If you don't want to choose your own investments, there is a default option. If you want more choice, there's plenty - Where can I invest? »
• Great tools to help you make better financial choices
  Hargreaves Lansdown provides a range of tools to help you make more of your money, including free guides, interactive calculators, expert comment and videos. Visit the knowledge centre »
• Low costs
  Save up to 5.5% on fund initial charges. Buy and sell funds free, and shares from just £5.95 to £11.95 per deal online, plus a low-cost reinvestment service for funds and shares. View SIPP charges »
• Transfer in other pensions
  There is no charge for transferring other pensions into your SIPP - they'll be easier to manage under one roof. Before you transfer a pension, please check you will not lose any valuable benefits or incur excessive exit charges. More about transferring »