Find out how to build your own pension with a Self Invested Personal Pension (SIPP) retirement savings account from Barclays Stockbrokers.
SIPP
Best SIPP Provider 2016
Best SIPP provider - Shares Awards 2016

SIPP (Self Invested Personal Pension)

We were voted Best SIPP Provider at both the Shares Awards 2016 and at MoneyAM’s Online Personal Wealth Awards 2016.

Invest for your retirement and make the most of pension freedoms with Barclays Stockbrokers’ Self Invested Personal Pension (SIPP), provided by AJ Bell. Take control of your retirement savings with a wide range of investments to create a tax-efficient portfolio that suits your investments needs.

It’s a new tax year, so get ahead of the game by using your annual contribution allowance sooner rather than later.

Plan for retirement by making the most of pension freedoms with a Barclays Stockbrokers SIPP
Open a SIPP

Remember:

  • The value of your investments can fall as well as rise and you may get back less than you initially invested
  • Managing your own pension is not for everyone; if you are unsure please seek independent financial advice
  • Tax rules can change and whether they benefit you will depend on your circumstances
  • Trading equities and choosing funds is not for everyone and you can lose money as well as gain.
  • Tax-efficient investing

    You can get up to 45% tax relief on your pension contributions depending upon your personal circumstances.

    You can also protect your returns within a SIPP from income tax and capital gains tax making a SIPP a tax-efficient account for investing. Tax rules can change and whether they benefit you will depend on your circumstances.

  • Get tax relief on this year’s income

    Make full use of your 2016/17 pension allowance. Unless you fall into the exceptions mentioned, you can receive tax relief at your marginal rate on an Annual Allowance of £40,000 or 100% of your earnings, whichever is lower. Now for the exceptions:

    If you started to withdraw a taxable income from your pension alongside tax-free cash after 6th April 2015, the Annual Allowance is replaced by a lower Money Purchase Annual Allowance of £10,000, It is subject to certain additional rules, including the removal of the carry-forward of unused relief provision.

    Anyone earning £110,000 pa or more and whose “adjusted income” ( income from all sources, plus employer pension contributions) exceeds £150,000 pa, will have their Annual Allowance reduced by tapering. Their Annual Allowance (£40,000) will be reduced by £1 for every £2 of “adjusted earnings” over £150,000 pa. The minimum Tapered Annual Allowance is £10,000, which affects anyone with “adjusted income” over £210,000 pa.

  • Consolidate your pensions

    You can easily transfer your existing pension plans into a Barclays Stockbrokers SIPP, and potentially get access to a wider range of investment opportunities, with the freedom and flexibility to build your own portfolio.

    It may not be in your best interest to do this though. Before transferring your existing pensions to a SIPP you should check that you wouldn't be giving up any valuable benefits of your existing pensions. This might include loyalty bonuses, guaranteed annuity rates or even spousal pensions. If you’re in any doubt seek independent advice. Also, check whether your existing pension can be transferred. For example, we don’t accept transfers from defined benefit pension schemes like final salary plans. Finally, you should check whether our SIPP administration charges are higher than your current pension plans, and make sure you won’t be liable for an exit penalty by your current provider.

    More on consolidating your pensions

  • 2015 pension flexibility

    Our SIPP can help you achieve your retirement ambitions, allowing you to take advantage of the flexibility offered by the new pension freedom rules.

  • Earn interest on cash

    Earn interest on cash balances of £1,000 or more held in a Barclays Stockbrokers SIPP while you decide which investments are right for you. Our interest rates are among the best on offer compared to other online execution-only investment providers.

Open aSIPP

Remember:​​​​

  • The value of your investments can fall as well as rise and you may get back less than you initially invested
  • Managing your own pension is not for everyone; if you are unsure please seek independent financial advice
  • Tax rules can change and whether they benefit you will depend on your circumstances
  • Trading equities is not for everyone and you can lose money as well as gain.
 

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