Your Pension (SIPP)

Invest for your future with a tax efficient pension.

Pension Illustration

What is a Pension?

A Self-Invested Personal Pension (SIPP) is a way for people to prepare and save for their retirement privately, outside of workplace or state pensions. The SIPP is government approved and gives investors tax relief on contributions made to their personal pension.

How much tax relief you get depends on whether you are a basic, higher or additional rate taxpayer. Basic, higher and additional rate taxpayers qualify for 20%, 40% and 45% tax relief respectively. So, if a basic rate tax payer earns £125 before tax, they would pay 20% income tax on that earning and receive £100 in their bank account. If they then deposit that £100 in our SIPP, the government gives you the £25 tax you paid back in the form of a contribution to your SIPP.

It's important to remember that you cannot access the money in your SIPP until you reach a certain age, which is currently 55. In some circumstances you can access your pension early, for example, if you are in poor health or your profession has a lower retirement age.

Why choose an evestor SIPP?

Tax Relief Illustration

Investing in a SIPP may entitle you to tax relief on your contributions

Percentages Illustration

Our low fees could mean you keep more of your money than with other investments.

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Set up is simple and easy and you can keep track of your SIPP's performance anytime, anywhere with your desktop portal and our evestor app

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With no minimum and no upfront costs, open your SIPP with as little as £1

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If you need any further information about our SIPP, you can chat to our support specialists through our webchat platform on our online portal

Our Fees

We’ve kept our fees as low as possible, less than 0.53%* annually.

If you invest £

£1 £1,000,000

You’d pay £0.00 annually with evestor**.

what makes up our annual fee of 0.52%**

Initial Fee


Our Fee


Product Fee


Transaction costs


Investment Fee


*based on the fees as at 16/08/2018, fees may vary and may exceed the stated figure

**0.52% is a representative example, based on the fees associated with Portfolio 1 as at 16/08/2018

Your annual Pension allowance

There on some limits to how much you can invest in your pension annually and over your lifetime.

The maximum allowance for pension contributions in the current tax year (2019/20) depends on your annual salary. If you earn £40,000 or more, your allowance is £40,000, if you earn between £3,600 and £40,000, your allowance is equal to your annual salary and if you earn less than £3,600, your allowance is £3,600.

The current lifetime allowance for pension contributions is £1,055,000. Any amount withdrawn over £1,055,000 is taxed at 55% if taken as a lump sum or 25% if taken as an income. This is on top of any tax payable on the income according to your normal tax rate. You may be eligible for Individual Protection (2016) or Fixed Protection (2016) which could push your lifetime allowance up to £1.25 million.

People stood with transfer icon

Already have one?

If you already have a SIPP, you could benefit from a no-hassle transfer to evestor!

Find out more

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