Introduction
Many people choose to stay invested at retirement if they have income from a part-time job, an annuity or income drawdown from another pension. If your investments perform well this could mean you have more money to spend in later life (but if they perform badly you could end up with less).
The decision to access your pension is an important one and will affect your income and possibly your standard of living for years to come. Therefore we recommend that before any decision is made you receive regulated financial advice or get free guidance from Pension Wise.
Reasons to stay invested with the Best SIPP
Low service fees
- Pay an annual service fee of 0.4% a year or less – so less of your savings will be eaten up over your retirement. Our SIPP has a minimum service fee of £10 per month (£120 per year), excluding Junior SIPPs. Other fees may apply.
Award-winning
- We were named Best SIPP Provider at the 2023 ADFN International Financial Awards
Easy set up
- It’s free to open an account and we pay up to £500 towards your exit fees (see our Terms and conditions) when you transfer pensions from other providers.
Before you consider transferring a pension, it is important to ask yourself:
- Will I lose any valuable benefits or features from my existing pension plan?
- Will I incur any penalties on my existing pension if I transfer?
- Is it an occupational final salary pension scheme? (In which case it is very unlikely to be advisable to transfer).
- Have I considered the charges on my current plan? (A new arrangement may be more expensive – especially if you have a stakeholder pension).
- Have I checked the investment options available and whether I need the wider choice offered by a SIPP?
- If the pension is an employer-related plan, have I checked if the employer will cease to pay in benefits if it is transferred elsewhere?
We do not accept transfers from employer pension schemes that contain any type of defined benefit or guarantee unless your financial adviser has recommended you to do the transaction.
The Best™ Funds List
The Best™ Funds List features our take on the ‘best’ funds from across the different sectors. These are the ones that we think are capable of doing better than their peers and the benchmark. Of course, we can’t guarantee this, but we do have real conviction in them.
The Best™ Funds List is a trademark of Bestinvest.
Let our experts manage your pension investments
Our Ready-made Portfolios are built and managed by our experts. Simply choose the portfolio that best suits your needs and your money will be invested in our best and latest ideas.
Invest with help from an Investment Coach
You can keep control of your investments but benefit from the guidance of a Coach. Coaches can't provide specific advice about where to invest but they can offer general investment education, guidance and support. If you need personalised investment advice, you might like to explore our Portfolio Health Check service.
The Best SIPP gives you access to more than 2,500 investment funds plus hundreds of investment trusts, ETFs and nearly every UK-listed share. You can use our powerful Investment search tool to search the available options and review their performance, asset allocation and charges.
Speak to our experts
Find out more about staying invested with the Best SIPP by speaking to our retirement experts:
