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What is a SIPP?
Self-Invested Personal Pensions (SIPPs) are a type of pension that allows individuals to manage their own investments within a pension scheme. Unlike other types of personal pensions, SIPPs provide a wider choice of investments, including investment trusts, stocks and shares, ETFs, commercial property, and more.
What's more, there are a host of other benefits to investing in a SIPP. You can get tax relief on contributions, and when you reach age 55, you can access your pension and take up to 25% as a tax-free lump sum. That being said, investments can fall as well as rise, and you may get back less than you invested. Therefore, it's advisable to read our guide and seek advice before making any investment decisions.
Who is eligible for a SIPP?
Individuals eligible for a SIPP (Self-Invested Personal Pension) generally include those who are paying into a personal pension or stakeholder pension plans. Pension providers offer these plans, allowing you to choose from a range of investments. Upon reaching the age of 55, you can start taking money from a SIPP, including the option to take up to 25 per cent tax-free. However, tax rules can change, and from 2028, the minimum age for accessing funds will rise to 57.
The Top SIPP Account Providers in 2025
Choosing the right SIPP (Self-Invested Personal Pension) provider is a crucial step in securing your financial future. With a wide range of options available in 2025, it’s important to find a provider that aligns with your investment goals, budget, and level of expertise. Whether you’re looking for low fees, advanced tools, or hands-on support, the top SIPP account providers in 2025 offer something for everyone. We’ll explore the leading platforms, their unique features, and what makes them stand out, helping you make an informed decision for your retirement savings
Hargreaves Lansdown
Hargreaves Lansdown’s Self-Invested Personal Pension (SIPP) is an excellent choice for those looking to take control of their retirement savings. With access to a wide range of investment options, including shares, funds, and ETFs, investors can tailor their portfolio to suit their financial goals.
The platform's award-winning service provides expert guidance, research tools, and regular updates to help you make informed decisions. Plus, the user-friendly interface ensures managing your SIPP is simple, whether you're on desktop or mobile. With competitive fees and a trusted reputation, Hargreaves Lansdown makes saving for retirement both flexible and rewarding.
Fees and Charges: HL charges a percentage-based fee of up to 0.45% annually for account management, reducing for larger portfolios. Additional trading fees apply for buying and selling investments.
Investment Options: HL provides access to a wide range of investments, including shares, funds, ETFs, bonds, and ready-made portfolios for beginners.
Ease of Use: Highly rated for its intuitive platform, mobile app, and access to tools like investment calculators and live market data.
Customer Support and Resources: Award-winning customer service with access to expert advice, research reports, and educational content.
Transfer and Withdrawal Flexibility: Simple transfer process for consolidating pensions and flexible drawdown options once you reach retirement.
Interactive Investor
Interactive Investor’s SIPP is designed for those who value control and transparency in their retirement planning. As a flat-fee investment platform, it’s a cost-effective choice for individuals with larger portfolios. Investors benefit from access to global markets, thousands of investment options, and tailored tools to help build a diversified portfolio. The platform's investment insight and market research provide guidance, while the ability to consolidate pensions into one easy-to-manage account simplifies the retirement process. With no hidden charges and a focus on empowering DIY investors, Interactive Investor’s SIPP is ideal for those seeking both control and value.
Fees and Charges: Offers a flat-fee structure starting at £5.99 per month, that can help you keep more of what you make. Trading fees apply but are competitive.
Investment Options: Extensive global investment options, including UK and international shares, funds, ETFs, investment trusts, and bonds.
Ease of Use: The platform is slightly more suited to experienced investors but offers a clean interface and helpful tools for portfolio tracking.
Customer Support and Resources: Strong support with a focus on empowering DIY investors through articles, webinars, and financial insights.
Transfer and Withdrawal Flexibility: Supports seamless pension transfers and offers flexible retirement withdrawal options, including drawdown and lump-sum facilities.
Fidelity
Fidelity’s SIPP is perfect for investors looking for a balance of simplicity and expert support in their retirement planning. Offering a wide range of investment options, from funds and shares to ETFs, Fidelity allows you to create a portfolio that matches your goals and risk tolerance. The platform’s award-winning customer service and easy-to-use tools make it straightforward to track and manage your investments.
Fidelity also provides a wealth of educational resources, helping you stay informed every step of the way. With competitive fees and a trusted global reputation, Fidelity’s SIPP offers flexibility, control, and peace of mind.
Fees and Charges: Charges a percentage-based annual service fee of 0.35%, with no account fees for balances above £250,000. Low-cost fund options are available.
Investment Options: Offers a curated selection of funds, shares, ETFs, and model portfolios, with a focus on simplicity and ease of diversification.
Ease of Use: Known for its straightforward, beginner-friendly platform with a focus on guided investment options and educational resources.
Customer Support and Resources: Excellent support with in-depth educational resources, tools for portfolio building, and responsive customer service.
Transfer and Withdrawal Flexibility: Easy pension transfer process with clear guidance and flexible withdrawal options tailored to your retirement needs.
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Last updated on 22 Apr 2025 Last updated on 22 Apr 2025