Personal Pension
How it works
There are two ways to start saving into a SIPP with us. Either transfer your old pensions or create a new pension pot and we can help you contribute into your new SIPP today.
Signing up
Sign up online to get started. You’ll need to provide some basic details including your legal name; current address; date of birth; and National Insurance number.
Give your SIPP a head start
If you are transferring a pension, simply provide the name(s) of your previous pension provider(s) and the account number or policy number if you know them. The more information you can give us, the smoother the transfer process is likely to be. Pension transfers can take around 6-12 weeks to complete.
Choose your investment option
Choose between investing into a target-date fund which adjusts automatically adjusts the portfolio over time to maximise growth potential and reduce risk as you approach your expected retirement, or create your own diversified retirement portfolio by choosing the funds you wish to invest in. You don’t need to be an expert to create your own portfolio as our Investment Management Team have analysed the whole of the market and have handpicked a selection of funds for you to choose from.
Manage your account online
As soon as you start investing you can access your account via the my wealth invest app to view your live portfolio. You will also receive quarterly valuations and weekly market updates provided by our Investment Management team.
Make flexible contributions
You can pay money into your SIPP from a minimum of £25 per month.
Withdraw with ease
You can contact our Wealth Services team to discuss withdrawing your SIPP. You can withdraw your SIPP benefits anytime from age 55 (or 57 from April 2028). This is known as your ‘Normal Minimum Pension Age’ (NMPA).
Pay just one simple fee
Our fees are 0.50% per year, based on the value of your investment, and we’ll collect this from your account monthly in arrears. You will see on the individual Key Investor Information Document (KIID) fact sheet that each fund has its own ongoing charge. These are shown as a percentage of your investment. We do not have any control over what a fund may charge, but we will always try to pick funds with costs that provide you with value for money.
