Why choose a SIPP?
A self-invested personal pension (SIPP) is a flexible way to save for retirement. You choose when you pay in, and how much. You can tweak your payments whenever you like too, so it could be ideal if you’re self-employed or you want to save alongside your workplace pension. And, you're in control of how you invest.
It's also tax-efficient, as the government tops it up whenever you pay money in. Even small amounts put away now could grow to give you a rosier retirement, so the best time to start is today.
The value of pensions can go down as well as up and you may get back less than has been paid in.
Your tax benefits will depend on your circumstances and may change in the future.
Why an Aviva SIPP?
Tap into tax benefits
A pension comes with tax benefits for saving money now and taking it out when the time comes.
Get a top up
The government will add 20% to your pension when you put money in. To save £1 you only need to pay in 80p. It’s called tax-relief and higher rate taxpayers can claim even more.
Keep your gains
You can usually put up to £60,000 (including contributions from employers and tax relief) each tax year in your pension and any money you make will be free from UK income tax or capital gains tax.
Take some tax-free
From 55 (or 57 from 2028), you can usually take 25% of your pension pot tax-free. Then you can choose what to do with the rest.
Other tax allowances and limits may apply depending on your income and how much money is paid into or taken out of your pension. Read more about tax on pensions here.
Tax benefits are based on your individual circumstances and may change in the future.
A wide choice of investments
Whether you're new to it all or a seasoned investor, our SIPP has something for you. You can choose from simple-to-start investment funds or even buy and sell shares inside your SIPP.
Share dealing
What are the charges?
There’s no charge to open an Aviva SIPP or transfer your investments to us. But your existing provider may charge you for leaving them, so check before making the move. Once you have a SIPP with us, these are the charges you can expect to pay.
Our annual charge
You’ll pay a charge of no more than 0.4% of the value of your pension to hold investments or cash with us.
This is known as the Aviva Charge for investing in funds and cash or the Aviva Share Charge for shares and other exchange traded investments.
For example, if your pension is worth £5,000 our charge will be £20 a year.
Investment charges
There’ll be charges based on the investments you choose – like the Fund Manager Charge that will be included in the price of the investment to cover running costs .
To buy or sell shares and other exchange traded investments, there's a Trading Charge of £7.50 for each trade.
We won't charge you for buying or selling funds.
SIPP FAQs
What’s the difference between a SIPP and a personal pension?
What if I already have a workplace pension?
How many SIPPs can I have?
What's the annual allowance?
Are there any other limits and restrictions around pensions?
I pay tax at more than the basic rate - what does this mean for tax relief?
When can I take money from my pension?
What do I need to know about opening an Aviva SIPP?
Important documents
Before you apply for a pension, make sure you read and understand all the details. If there’s anything you’re not sure about, it may be worth taking financial advice before you make any decision. If you don't have an adviser, you can find one at www.unbiased.co.uk. You'll have to pay for this advice.
Aviva Pension Key Features (PDF 253 KB)
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Download the Aviva Wealth app
From ISAs to SIPPs to investment accounts, manage your portfolio on the go.
Terms and conditions apply and can be seen in the app.
Why choose us?
We believe we're the best choice for your SIPP - but don't take our word for it.
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6 stepping stones to help you cross the gender pension gap
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Checking your National Insurance record for gaps
Discover how you can close the gap if you have missed contributions.
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Mind the (pension) gap
If you’re worried about gaps in your private or state pension contributions, we’ve got some tips that will keep your pension pot topped up. Find out more here.
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What is a pension?
Understanding how different types of pensions work may help you decide which one (or ones) might suit you.
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Pensions jargon buster
Knowing the meaning behind technical pension terms may help you make more informed decisions when it comes to retirement planning.
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How much income will you need?
When you’re retirement planning, having a clear idea about how much income you’ll need – and for how long – is key.
More help with your pensions
Transfer your pensions
If you have a pension, or several pensions, you can bring everything together in one place. Even if the amounts are small, it all adds up.
Find and combine pensions
Our Find and Combine service tracks down lost pensions, making sure you get your fair share of your retirement money.
Get more from your workplace pension
Check its performance, transfer other pensions in, and use our pension forecaster.
Contact us
Still need some help? Give us a call
0800 285 1088
Monday to Friday: 8:00am – 5:30pm
Saturday and Sunday: Closed
For our joint protection, telephone calls may be recorded and/or monitored and will be saved for a minimum of 5 years. Calls to 0800 numbers from UK landlines and mobiles are free. Our opening hours may be different depending on which team you need to speak to.
Alternatively, you can email myinvestmentportfolio@aviva.com and we'll get back to you as soon as we can.
Aviva Wrap UK Limited. Registered in England No. 4470008. Aviva, Wellington Row, York, YO90 1WR. Authorised and regulated by the Financial Conduct Authority. Firm reference number 231530.
Aviva Pension Trustees UK Limited. Registered in England No. 2407799. Aviva, Wellington Row, York, YO90 1WR. Authorised and regulated by the Financial Conduct Authority. Firm reference number 465132.
The Aviva Wealth app is owned and operated by Aviva UK Digital Limited.