# (Sipp) Self invested personal pension **URL:** \ **Category:** General\ **Created:** [25 July 2023 11:55 UTC](https://community.investengine.com/t/sipp-self-invested-personal-pension/1079 "2023-07-25T11:55:59Z")\ **Posts on this page:** 20\ **Page:** 15
**Author:** ![JHBEM](https://avatars.discourse-cdn.com/v4/letter/j/ad7895/32.png) [@JHBEM](https://community.investengine.com/u/JHBEM)\ **Post date:** [5 June 2024 18:56 UTC](https://community.investengine.com/t/sipp-self-invested-personal-pension/1079/296 "2024-06-05T18:56:56Z")
@CycloneRepair @Gandalf @noname @dc007 @Tom_Whitehead @Deebs @dantod @tangential ---
**Author:** ![TravellerSeko](https://avatars.discourse-cdn.com/v4/letter/t/e9bcb4/32.png) [@TravellerSeko](https://community.investengine.com/u/TravellerSeko)\ **Post date:** [5 June 2024 20:12 UTC](https://community.investengine.com/t/sipp-self-invested-personal-pension/1079/297 "2024-06-05T20:12:29Z")
Thanks @JHBEM mate for the reminder. I almost forgot it. Trading212 will be announcing SIPP as well. I’ll have a look at that as well. ---
**Author:** ![MattG](https://avatars.discourse-cdn.com/v4/letter/m/4af34b/32.png) [@MattG](https://community.investengine.com/u/MattG)\ **Post date:** [7 June 2024 07:44 UTC](https://community.investengine.com/t/sipp-self-invested-personal-pension/1079/298 "2024-06-07T07:44:22Z")
Mine is all with AJ Bell now - Actually works out cheaper but I really wanted everything in one place - Maybe one day! ---
**Author:** ![TravellerSeko](https://avatars.discourse-cdn.com/v4/letter/t/e9bcb4/32.png) [@TravellerSeko](https://community.investengine.com/u/TravellerSeko)\ **Post date:** [7 June 2024 13:48 UTC](https://community.investengine.com/t/sipp-self-invested-personal-pension/1079/299 "2024-06-07T13:48:41Z")
Hi @MattG How does it work cheaper? I assume the amount you invested in SIPP is considerably high amount, don’t you? ---
**Author:** ![MattG](https://avatars.discourse-cdn.com/v4/letter/m/4af34b/32.png) [@MattG](https://community.investengine.com/u/MattG)\ **Post date:** [7 June 2024 14:42 UTC](https://community.investengine.com/t/sipp-self-invested-personal-pension/1079/300 "2024-06-07T14:42:11Z")
My circumstance is that I have a workplace pension which my employer is still paying into (Aviva [_Expensive funds / Poor Selection_]). So effectively I will do 1 ETF transaction per year into my SIPP which works out at £125pa compared to the £200 max fee ill get from IE. ---
**Author:** ![Tom\_Whitehead](https://avatars.discourse-cdn.com/v4/letter/t/e47774/32.png) [@Tom\_Whitehead](https://community.investengine.com/u/Tom_Whitehead)\ **Post date:** [7 June 2024 16:19 UTC](https://community.investengine.com/t/sipp-self-invested-personal-pension/1079/301 "2024-06-07T16:19:46Z")
I hope transfer fuctionality is released before T212 launch their SIPP. ---
**Author:** ![TravellerSeko](https://avatars.discourse-cdn.com/v4/letter/t/e9bcb4/32.png) [@TravellerSeko](https://community.investengine.com/u/TravellerSeko)\ **Post date:** [7 June 2024 16:47 UTC](https://community.investengine.com/t/sipp-self-invested-personal-pension/1079/302 "2024-06-07T16:47:31Z")
Thanks @MattG . I have defined pension from NHS Scotland so workplace pension is different. I’ll pa separately for SIPP with small amount of money every month. I believe now Vanguard looks reliable and logical option at this stage as they have every option, only drawback is we need to buy Vanguard funds. ---
**Author:** ![TravellerSeko](https://avatars.discourse-cdn.com/v4/letter/t/e9bcb4/32.png) [@TravellerSeko](https://community.investengine.com/u/TravellerSeko)\ **Post date:** [7 June 2024 16:48 UTC](https://community.investengine.com/t/sipp-self-invested-personal-pension/1079/303 "2024-06-07T16:48:17Z")
@Tom_Whitehead i hope so. If trading212 comes with better options, IE will miss many clients. ---
**Author:** ![MattG](https://avatars.discourse-cdn.com/v4/letter/m/4af34b/32.png) [@MattG](https://community.investengine.com/u/MattG)\ **Post date:** [7 June 2024 17:16 UTC](https://community.investengine.com/t/sipp-self-invested-personal-pension/1079/304 "2024-06-07T17:16:36Z")
My wife has a defined NHS pension - I keep meaning to try and understand them but I can never be bothered! 🙂 She’s a good 25yrs before retirement! ---
**Author:** ![Tom\_Whitehead](https://avatars.discourse-cdn.com/v4/letter/t/e47774/32.png) [@Tom\_Whitehead](https://community.investengine.com/u/Tom_Whitehead)\ **Post date:** [8 June 2024 11:16 UTC](https://community.investengine.com/t/sipp-self-invested-personal-pension/1079/305 "2024-06-08T11:16:28Z")
These are the 2015 scheme calculations: Average salary x number of years contributing x 0.0185 = annual pension. For example: £40,000 x 35 x 0.0185 = £21,700 This is not exact because benefits also keep up with inflation by being revalued each year. “Active revalued income is increased in line with treasury orders plus 1.5%. This means that if CPI growth is nil or negative the revaluation factor may be less than 1.5%.” For example, the increase for 2023-24 was 6.7%. NHS Pension access age is tied to state pension age, but you can access it earlier with a penalty. For example, accessing your NHS pension 8 years early results in you obtaining around 66% of your annual pension amount. ---
**Author:** ![MattG](https://avatars.discourse-cdn.com/v4/letter/m/4af34b/32.png) [@MattG](https://community.investengine.com/u/MattG)\ **Post date:** [8 June 2024 13:58 UTC](https://community.investengine.com/t/sipp-self-invested-personal-pension/1079/306 "2024-06-08T13:58:45Z")
Thanks Tom, this is helpful. Much appreciated. ---
**Author:** ![WCTiger](https://avatars.discourse-cdn.com/v4/letter/w/e274bd/32.png) [@WCTiger](https://community.investengine.com/u/WCTiger)\ **Post date:** [27 June 2024 09:26 UTC](https://community.investengine.com/t/sipp-self-invested-personal-pension/1079/307 "2024-06-27T09:26:41Z")
Where can I nominate a beneficiary for my SIPP? Struggling to find it. ---
**Author:** ![PStaveley](https://avatars.discourse-cdn.com/v4/letter/p/b3f665/32.png) [@PStaveley](https://community.investengine.com/u/PStaveley)\ **Post date:** [27 June 2024 14:07 UTC](https://community.investengine.com/t/sipp-self-invested-personal-pension/1079/308 "2024-06-27T14:07:41Z")
You just need to contact support. For my SIPP I have been assured that they will record the details with your account (offline). ---
**Author:** ![vvsvin](https://avatars.discourse-cdn.com/v4/letter/v/a8b319/32.png) [@vvsvin](https://community.investengine.com/u/vvsvin)\ **Post date:** [9 July 2024 11:01 UTC](https://community.investengine.com/t/sipp-self-invested-personal-pension/1079/309 "2024-07-09T11:01:01Z")
Update from Trading212 ![image](https://europe1.discourse-cdn.com/flex017/uploads/investengine/original/1X/7715a3720ce4b4fb96ba5dc5be279b4aadaf0ad7.png) @InvestEngine If Transfer-In not started soon, more and more competetion from other providers. ---
**Author:** ![PaulGichemi](https://dub1.discourse-cdn.com/flex017/user_avatar/community.investengine.com/paulgichemi/32/206_2.png) [@PaulGichemi](https://community.investengine.com/u/PaulGichemi)\ **Post date:** [10 July 2024 13:31 UTC](https://community.investengine.com/t/sipp-self-invested-personal-pension/1079/310 "2024-07-10T13:31:32Z")
Hi @vvsvin , Thanks for the heads-up! Regardless of any competitor, we are working internally to finalise the product, doting the i’s and crossing the t’s as best as we can. We aim to release the feature as soon as possible. ---
**Author:** ![bsuk](https://avatars.discourse-cdn.com/v4/letter/b/51bf81/32.png) [@bsuk](https://community.investengine.com/u/bsuk)\ **Post date:** [10 July 2024 17:49 UTC](https://community.investengine.com/t/sipp-self-invested-personal-pension/1079/311 "2024-07-10T17:49:01Z")
Great news @PaulGichemi !!! I hope it’s soon!! 🙂🤞🙏😁 ---
**Author:** ![MattG](https://avatars.discourse-cdn.com/v4/letter/m/4af34b/32.png) [@MattG](https://community.investengine.com/u/MattG)\ **Post date:** [10 July 2024 18:28 UTC](https://community.investengine.com/t/sipp-self-invested-personal-pension/1079/312 "2024-07-10T18:28:09Z")
This is interesting to see…I have my Cash ISA with 212, if the SIPP (+Transfer-in capabilities) is introduced then may be worthwhile moving my S&S ISA and AJB SIPP over (depending on cost) ---
**Author:** ![Tom543](https://avatars.discourse-cdn.com/v4/letter/t/ee59a6/32.png) [@Tom543](https://community.investengine.com/u/Tom543)\ **Post date:** [12 July 2024 10:19 UTC](https://community.investengine.com/t/sipp-self-invested-personal-pension/1079/313 "2024-07-12T10:19:46Z")
According to a recent Trading212 post on their community forum, there Sipp will be free: “That’s right — our SIPPs will be free, and there will be no account fees other than the 0.15% FX fee that applies when trading”. ---
**Author:** ![MattG](https://avatars.discourse-cdn.com/v4/letter/m/4af34b/32.png) [@MattG](https://community.investengine.com/u/MattG)\ **Post date:** [12 July 2024 15:27 UTC](https://community.investengine.com/t/sipp-self-invested-personal-pension/1079/314 "2024-07-12T15:27:44Z")
They just need to get a move on!! 🙂 ---
**Author:** ![PStaveley](https://avatars.discourse-cdn.com/v4/letter/p/b3f665/32.png) [@PStaveley](https://community.investengine.com/u/PStaveley)\ **Post date:** [12 July 2024 17:02 UTC](https://community.investengine.com/t/sipp-self-invested-personal-pension/1079/315 "2024-07-12T17:02:59Z")
Yes, I am keeping an eye on this. I am in the situation that I want to transfer-in a lot of money from my other SIPPs and take occasional lump sums from my SIPP. To be fair, Trading212 have mentioned that transfers-in will not be initially available, but they are still not available on IE either. Similarly I am not expecting that Trading212 will initially be able to cope with withdrawals, but then in spite of several emails to IE support I have not received any real assurance that IE are able to properly do SIPP withdrawals. So at the moment, to me, my SIPP account is of little use. Therefore, I will have to wait until later this year to see which provider provides the service that I need. Certainly not having to pay £200 annual fee (with Trading212) would be attractive and so I am preparing plans depending on which provider actually provides the right service. [Previous page](https://community.investengine.com/t/sipp-self-invested-personal-pension/1079.md?page=14) [Next page](https://community.investengine.com/t/sipp-self-invested-personal-pension/1079.md?page=16)