Overview
Your company has partnered with Hargreaves Lansdown to provide you with the Group SIPP - a tax-efficient pension offering you wide investment choice, low costs and total control. You can also invest in a Stocks & Shares ISA and Fund & Share Account all held in one online account. Discover more below.
Self Invested Personal Pension (SIPP)
Your company can help you build a pension by making contributions to a SIPP on your behalf. You can manage it how you want; online, over the phone, by post, or on your smartphone. There's lots of investment choice for those who want it and simple options for those who don't.
You can make your own additional lump sum contributions with a debit card or by cheque. You can also transfer old private and work pensions into the SIPP making them far easier to manage.
Other ways to invest
You can also invest in two alternative ways:
- Stocks & Shares ISA
A tax-efficient investment plan. Your money can grow free of capital gains tax and UK income tax. Find out more » - Fund & Share Account
Invest as much as you like in funds and shares. Find out more »
The similarities and differences between the accounts
| Pension (SIPP) | Stocks & Shares ISA | Fund & Share Account | |
|---|---|---|---|
| How much can I contribute? | Up to as much as you earn | Up to £20,000 (2024/2025 tax year) | Unlimited |
| How can I save tax? | Tax relief on contributions Tax-free growth A tax-free lump sum of up to 25% of your pension at retirement |
Tax-free growth | There are no tax-savings |
| Where can I invest? | In your company default investment or choose your own investments | Choose your own investments | |
| When can I access my money? | Usually from age 55 (57 from 2028) | Whenever you like | |
| How can I contribute? | Through your payroll each month, by debit card, or by cheque | By debit card or by cheque | |
Important information
Please remember tax rules can change and benefits depend on individual circumstances. When you invest the value of your investments can rise and fall so you could get back less than you invest.
Have a question?
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