What is a SIPP?
SIPPs – self-invested personal pensions – give you control over where you or an advisor invest your money.
You may also be able to gain tax relief of between 20% and 45% on what you pay in – depending on your circumstances.
When you invest in a SIPP, you or an adviser on your behalf can manage:
Tax treatment depends on individual circumstances and may be subject to change in the future.
Pensions are a long-term investment. The retirement benefits you receive from your pension plan depend on a number of factors including the value of your plan when you decide to take your benefits, which isn’t guaranteed, and can go down as well as up. The benefits of your plan could fall below the amount(s) paid in.
How does a SIPP work?
You can make either regular or one-off payments into a SIPP.
Advantages and disadvantages
Want to learn more about pensions?
Visit our pensions page and find out how expert advice could help you.
Important legal information
Lloyds Bank plc. Registered office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales No. 2065. Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278.
Schroders Personal Wealth is a trading name of Scottish Widows Schroder Personal Wealth Limited.