Self-Invested Personal Pension (SIPP)

A tax-efficient way to save for retirement

Our award winning Self-Invested Personal Pension (Best SIPP award 2022 at the Shares Awards) is designed to help you prepare for retirement.

Let us help you build your retirement pot and make your own investment decisions.

What is a SIPP?

A self-invested personal pension (SIPP) is a type of tax-efficient personal pension that gives you control of your retirement savings. You have the ability to choose your investments, how much to top up and when you would like to invest. You may want to consider a SIPP if:

  • You want to start saving towards your retirement
  • You want to consolidate your existing pensions into one easy-to-manage account
  • You are looking to make the most of pension tax relief.

The value of investments can fall as well as rise, and you could get back less than you invest.

Benefits of starting your own SIPP

  • Choice – You won’t be restricted to pension funds offered by any single pension provider, but instead can invest in a broad range of investments from a range of different providers
  • Tax-efficient – Your returns from investments within a SIPP are protected from income tax, tax on dividends, inheritance tax and capital gains tax (CGT)
  • Flexible drawdown – You can pick from a wide range of options when you take your pension benefits, including a cash lump sum, a flexible or fixed level of income – or you can combine multiple options
  • Tax-relief – You’ll receive tax relief at your marginal rate on an Annual Allowance, which for most people is £60,000 or 100% of your earnings, whichever is lower.1

A SIPP may be right for you if you’re confident making your own investment decisions and managing your pension payments against the relevant allowances.

Find out more about how SIPPs help save for retirement

The value of investments can fall as well as rise, and you could get back less than you invest.

We don’t offer tailored financial advice, so if you’re not sure about investing or how a pension works, seek independent advice. Tax rules can change and their effects on you will depend on your individual circumstances. Currently you may access your pension benefits from age 55, however, the Government has confirmed its intention to increase this to age 57 from April 2028.

Why choose the Barclays SIPP?

  • Expertise – our award winning SIPP (administered by AJ Bell) can automatically reclaim any basic rate tax relief you’re due on contributions and make income payments to you
  • Flexibility – Manage your SIPP on the go and find investment opportunities. You can top up in lump sums or set up a regular Direct Debit
  • Control – Choose from over 8000 investments for ultimate control, or leave the hard work to us by selecting one of our five Ready-made Investments
  • Consolidate – Transfer existing pensions into a Barclays SIPP and we’ll help you aggregate your pots2
  • Support – Our UK based call centre is on hand to answer any queries or help when you need it.3

Invest in an award-winning SIPP

The valuable tax benefits of a pension make it an important part of saving for your future.

Choose to invest for your retirement with Barclays on Smart Investor, voted Best SIPP Provider 2022 at the Shares Awards.


What are the SIPP fees?

Our fees are transparent, so you can clearly see what you’re paying for.

  • A monthly fee of 0.2% for funds and 0.1% on other investments which maxes out at £125 a month
  • A transaction fee every time you buy or sell an investment (£3 for funds, £6 for other investments. You can set up regular investments and benefit from this fee reducing to £1 per transaction)
  • A SIPP administration fee of £31.25 + VAT per quarter
  • Other fees may apply depending on transfer or drawdown activity, you can see a full list of specific SIPP fees here. [PDF, 524KB]

Read more about our Smart Investor fees

Transfer pensions to us

If you have pensions elsewhere, you can transfer them to us at any time – but before you start, you’ll need a Barclays SIPP.

Transferring a pension doesn’t affect its tax-efficient status, but you should make sure that you're aware of all the risks and drawbacks involved. If you have access to a workplace pension, retaining that and transferring other existing pensions to it may be your best option, particularly if it offers the investment choices you’re looking for, as you’re likely to pay lower charges.

We will not accept transfers of defined benefit pensions (e.g. final or average salary pensions) or schemes that include safeguarded benefits (such as guaranteed annuity rates). If you’re unsure whether to transfer a pension, seek professional independent advice.

Read an explanation of drawbacks and risks to be aware of when transferring pensions [PDF, 1.8MB]


Learn more about SIPPs

Types of pension

Pensions can seem complex and daunting, especially if you’re new to them. But there are lots of options available to suit individual needs and circumstances. We take a look at the main types of pension and explain how they work.

Consolidating your pensions

You may have built up several pension pots from various employers during your working life. It’s possible to bring these pension funds together in one place. This is called consolidating your pensions, or pension switching.


Your retirement journey

Where are you on your retirement journey? However far away it might seem, we’ve got the tools and support to help you plan for the longest holiday of your life.

Already have an account?

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Call us

If you have any questions, you can give us a call on 0800 279 36673