What is a SIPP?

What is a Self-Invested Personal Pension?

A Self-Invested Personal Pension (SIPP) is a type of tax-efficient pension account offering you a wider choice of investments and more flexibility.

Whatever your investing experience, a SIPP can help you reach your goals. Choose from ready-made funds selected by experts or hand-pick your own investments from the UK and global markets.

Investing with a low-cost SIPP, like the ii SIPP, gives you a greater opportunity to grow your savings for the retirement you want.

SIPPs - Our partners at ii explain more:

Capital at risk. The ii SIPP is not an employer, workplace or auto-enrolment scheme.

Why a SIPP could be ideal for contractors

If you’re a contractor or self-employed, a SIPP can be one of the most effective ways to take control of your retirement savings. Unlike workplace pensions tied to a specific employer, a SIPP gives you full ownership and flexibility—perfect for independent professionals whose careers don’t follow a traditional path.

Here’s why a SIPP might suit you:

Tax relief on contributions
You can contribute up to 100% of your annual earnings (or £60,000—whichever is lower) and receive tax relief.
- Basic-rate taxpayers get 20% relief automatically.
- Higher-rate and additional-rate taxpayers can claim back even more through Self Assessment.
  This means that for every £80 you contribute, the government adds £20—boosting your investment instantly.
Investment control
Tailor your pension to suit your goals. Choose from thousands of UK and international stocks, funds, ETFs and more.
Flexible contributions
Contribute how and when it suits you. Ideal for those with fluctuating income or irregular contracts.
It’s yours to keep
Your SIPP stays with you wherever your work takes you—unlike employer schemes, which may change or close when you leave a role.