Self-Invested Personal Pension
Take control of your future and invest your way with the benefit of tax relief on contributions.
Apply for a SIPPFeatures and benefits
- Tax relief. Save more with immediate tax relief on your contributions.
- Complete control. You decide - from how you invest, to how you take your pension.
- Wide investment choice. Invest in shares, bonds, gilts, and more, including our Start-Up Fund.
- Currently for existing Lloyds customers only. It's easy to become a customer, open an account today.
Why choose a Lloyds SIPP?
Competitive administration charge
0.25% annual SIPP admin charge on investment value (capped at £16.50 a month), with no transfer or drawdown charges.
Keep track on the go
Track your pension anytime, anywhere using the app, just like you do with everyday banking.
Helping hand
Use our investment tools and analysis to make your own choices, or check out our Start-Up Fund which offers a packaged solution, targeting your planned retirement age.
Flexible contributions
Make regular or one-off contributions from as little as £1. If you’re a limited company director, you can also make employer contributions from your business.
Why should I invest in a SIPP?
Combine your pensions
Combining old pensions is another way to grow your pension pot. And could cut your overall charges and admin – making it cheaper and easier to see how your money’s doing. Find out more to help decide if this might be right for you on our combine your pensions page.
What charges do I pay?
It’s important that you understand what you will pay. Below are our dealing commission and account charges, but you should read our Charges page for the full details.
|
Types of charges |
What you'll pay |
|---|---|
|
Types of charges Annual SIPP admin charge |
What you'll pay 0.25% of the value of your Investments (charged monthly up to a maximum of £16.50 a month) |
|
Types of charges Online UK trades |
What you'll pay £9.50 (£8 when trading eight or more times in a quarter) |
|
Types of charges Online fund trades |
What you'll pay £1.50 per trade |
|
Types of charges International trades |
What you'll pay Free (1% exchange rate applies) |
|
Types of charges |
What you'll pay Free |
It’s important to remember that you may also pay government taxes and levies depending on the investment you choose and your circumstances.
What might my pension pot look like?
Our example pension illustration shows what happens when you invest in a SIPP over time. This includes any potential growth of a pension, starting from when you open your account, until you reach retirement.
Before you apply
Make sure you’ve read the key features document (PDF, 210KB) and terms and conditions (PDF, 313KB).
To apply, you must:
- be age 18 to under 75
- be a UK resident and UK taxpayer
- not be a US person.
If you’re transferring, make sure any old pensions:
- are from a UK-based provider
- have not already entered into drawdown. For example, you’ve not taken an income or a tax-free lump sum from them
- don’t have any valuable features or guarantees that you’d potentially lose upon transferring.
You’ll need your National Insurance number and, if transferring, the provider’s name, policy number and value of each pension.
Apply for a Self-Invested Personal Pension
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Important legal information
