What is a Self-Invested Personal Pension?

A Self-Invested Personal Pension (known as a SIPP) is a type of pension scheme which allows you to make your own investment decisions.

The Close SIPP provides you with a means of saving for your retirement and should be seen as a long term investment. It allows you to choose where you want your retirement savings to be invested, instead of leaving a pension company to make the decisions and can also provide you with an income once you reach retirement.

Please note that any tax benefits will depend on your personal tax position and rules are subject to change. The value of investments can go up as well as down and you may get back less than you invested.

Register now to open a SIPP

Why choose the Close SIPP?

Value for money

We offer clear and competitive pricing with no hidden costs or charges.

No SIPP administration fee

No charge for transfers*

Competitive platform fee of 0.25% a year

*The transferring provider may make a charge for transferring investments or cash proceeds to Close Brothers Asset Management.

Choice

Invest in a wide choice of investments with our Close SIPP:

UK equities

Exchange traded funds (ETFs)

UK stocks and shares

UK Government bonds (gilts)

Fixed Term Deposits

Convenience

Our online portal is easy to use and accessible at any time and will allow you to create a more detailed view of your wealth by adding assets or debts not held with us.

Buy, sell and switch investments easily online

You can manage your SIPP in the same place as your other investments, giving you a single overview of your portfolio

Choose between saving regularly each month or investing a lump sum

Improved SIPP transfers*

*If you choose to transfer an existing pension to us when you open your SIPP account, we can now transfer most pensions without having to exchange paperwork with your current provider. This should reduce transfer time and save you from completing more forms. We’ll automatically check if your policy can be transferred this way - if it is one of the few that cannot, we will write to your current provider. You’ll be kept up to date with the progress of your SIPP transfer with notifications in your online document library.

Investment expertise

Take advantage of the free access to our expertise and view our in-house research, analysis and insights which are easy-to-understand, whether you are an experienced investor or just getting started.

Our investment team are constantly trading in the markets and managing the portfolios of thousands of investors across the UK.

Support

Our UK-based support team are on hand to help via phone or email. If you have questions about your account, please contact our dedicated Investor Support Team who are available 8am - 6pm, Monday to Friday, excluding public holidays on 0800 014 2712 or investorsupport@closebrothers.com


SIPP rules and tax

UK residents under 75 can pay in as much as they want to a SIPP. You can receive tax relief on contributions up to £3,600 or 100% of your relevant UK earnings (whichever is greater), subject to the annual allowance which is £40,000 for most people. If you have any unused allowance from previous years, you may be able to pay in more than £40,000.

Guide to the Close SIPP

Guide to the Close SIPP

Download our helpful guide to find out: 

A summary of SIPP rules and tax

Information to help you decide if a SIPP is the right choice for you

FAQs on our Close SIPP

Download the guide

SIPP charges

Set up account

Nil

Contributions into your account

Nil

Transfers in

Nil

Transfers out

Nil

On-going platform fee – deducted monthly

0.25% (based on the value of your investments, excluding cash)

Buying, selling or switching  Unit Trusts or OEICs

Nil

Buying, selling or switching  Exchange Traded Investments

To the extent that we charge a dealing fee, this will not exceed £8.95.

Fees and charges

Fees and charges factsheet

  • 18 Jan 19
  • 0.15MB
  • PDF

You’ll find full details of our SIPP fees and charges in this factsheet.

Download


Transfer your SIPP to us

If you don’t already have a SIPP or you would like to transfer your current SIPP, why not open a Close SIPP and benefit from our low cost investment platform. Transferring is easy and our Support Team are here to help.

Register now to transfer your existing SIPP

Download transfer form

SIPP Transfer Form

  • 26 Sep 18
  • 0.21MB
  • PDF

Download

Please be aware, the value of investments can fall as well as rise and that past performance is not a reliable indicator of future returns and you could get back less than invested. Click here to understand the risks associated with investing. Calls to any number may be recorded for training and monitoring purposes. This site uses Cookies.