SIPP Companies

Company

Rating

Starting From

Gross PA

Govt Ads Up

Withdrawing Age

Visit Now

£100

7%

no ads up

Not Mentioned

£1.50

variable

25%

55

£20

8%

Not Mentioned

50

£100

variable

variable

55

£100

variable

Not Mentioned

55

£9.99

variable

Not Mentioned

55

£25

Not Mentioned

Not Mentioned

55

£100

variable

20%

55

What is

SIPP?

SIPP is an acronym for self invested personal pension that is a tax free retirement saving account available in the UK. It is a type of personal pension and gives individuals an opportunity to allocate their assets in a wide range of investments approved by Her Majesty’s Revenue and Custom (HMRC), a non ministerial department of the UK. with SIPP you have more flexibility  with the investments you can choose. However, it has higher charges than older pension and other personal pension. SIPPs are great options for larger funds especially for persons who are  experienced in investment. 

 

Many SIPP providers are present in the UK. Different providers offer different types of investment, you may need to search SIPP providers that offer investment in which you want to invest. Here we are providing you information about UK’s top SIPP providers to help you select the best for you within no time.

Kuflink

Kuflink was launched in 2011 as a bridging loan provider to property investors. With time the company has become a leading peer to peer lending and IFISA provider. What makes them stand out is their consistency. All their loans are secured against UK properties. They have no track record of default borrowers. Their interest rate never changes, that never goes down or up. This way you get what you are offered. The company has great customer service and treats their investors with utmost priority.

 

Kuflink offers you to earn tax free returns by investing pension funds in SIPP to property backed P2P loans.  You can get up to 5%  per annum targeted returns.

Pros

Cons

Aj Bell Youinvest

Aj Bell Youinvest was formerly known as Sippdeal. It is an investment platform that offers dealing accounts and stock and shares ISAs. It launched its first online Sipp in the UK back in 2000.  It is considered a safe platform because it has a long track record and is regulated by the Financial Conduct Authority. It is very easy and quick to open an account with AJ Bell. however, before making an account you must know that the value of investment can change. Furthermore, Sipp is suitable for persons who can make their investment decisions if you can not do that please contact a financial advisor first.

Pros

Cons

True Potential Investor

True potential investor is a platform that is committed to making your money. Whether you do it by making a new account where you are investing for the first time or completing an ISA transfer or personal pension transfer. It has an expert team that aims to maximise your returns and reduce risks. When you transfer your pension to Potential Investor, their experts diversify it across thousands of global holdings. There is no minimum requirement for investment and you can see an annual growth of 2 to 8% in your capital.

Pros

Cons

Hargreaves Lansdown

HL is the UK’s number one platform for private investors. For forty years it has been helping its clients to save time, tax and money on their investments. It is regulated by the top tier Financial Conduct Authority. HL offers a SIPP account for its customers that is free to set up and low cost to run. If you are a UK resident under 75 years you have to pay up to £40,000 per year and get tax relief. If you have an unused allowance from the previous year you have to pay more than  £40,000. You can invest in Sipp by starting with a bank payment or transfer your old pensions.

Pros

Cons

Legal & General

It is one of the top 20 global asset managers and Uk’s largest provider of individual life assurance products. For a long time it has been providing financial services in the UK. With over £1 trillion in assets it is expert in safeguarding the financial future of people. You can invest in Legal & General personal pension. The aim to invest your money is making it grow so that you can use it after your retirement. You can invest in Sipp from £100 to £40,000 per year.

Pros

Cons

Interactive investor

Interactive investor is a comprehensive and award winning online investment platform with over 300,000 customers. It was launched in 1995 and now provides tools and trading environment for its customers to make informed financial decisions. It offers a tax efficient way to build up an income for retirement. All the investments in SIPP are tax free up to £40,000 per year.  New investors in Sipp can receive 100 of free trades to buy or sell any investment.

Pros

Cons

Willis Owen

Willis owen was launched in 1982 since that time it is helping people to take their first step towards their financial future. It is one of the long standing mid sized platforms offering a wide range of investment choices that include shares, funds, ISAs and personal pension.  You can open a Sipp account with Willis Owen that is a tax efficient way to save for your retirement. You can start investing from £25 either as a lump sum or regularly. You can pay upto £40,000 per year in a pension account.

Pros

Cons

Halifax

Halifax began its life in 1853 as a building society and named after a Yorkshire town. It was the UK’s largest building society in the twentieth century. Now it is a bank and a part of HBOS banking group. It offers a wide range of savings accounts from easy access to fixed term and from children’s saving account to retirement account. To start a sipp account with Halifax you need to fill an online application form, download and print it and then send it to the given address. Otherwise you can scan and send it through email. Sipp is a tax free income and can act as a financial security for you and your family when you retire.

Pros

Cons