Who can have a Self-Invested Personal Pension?

Saving for a retirement that puts you in control of your financial future

Just like any other kind of pension, Self-Invested Personal Pensions are designed to help you save for retirement and take an income when you reach it.

Any individual who is resident in the UK under the age of 75 may make contributions to a SIPP, and in certain circumstances non-UK residents who have had UK earnings in previous years may also be eligible.

Even if you’ve already retired, you can still open a SIPP and take advantage of the extra flexibility that it gives you over your pension savings in retirement – but you may be limited by how much you can pay into it.

An individual may be a member of as many pension schemes as they wish, and contributions may be paid directly by the member, their employer and by transfer of previous pension plans.