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TD SIPP – Contributions

2015 General Election pension update

The Conservative manifesto included a pledge to raise the inheritance tax threshold for couples to £1m by reducing the tax relief on pension contributions for people earning more than £150,000.

With tax relief for higher earners set to reduce – how can you maximise your pension today?

We don’t know when these changes will come into force, but now is the perfect time to consider how to make the most of your allowances before they're taken away. For instance:

If you earn £40,000 or over make use of all of your allowance for 2015-16 before this is cut to £30,000.

If possible, carry forward any unused allowances from the previous three years.

How much do I need to contribute?

Regular or one-off contributions to your TD SIPP may help to increase your income at retirement and bring you closer to your retirement goals.

Use our Pension Calculator to help you plan the level of contributions you need to make

Simple, fast and easy way to contribute to your TD SIPP

No cost to make one-off or regular contributions to your TD SIPP

Do you know how much you need to retire with?

Decide what your target income is and compare it against your current projected income to see what the shortfall might be. Use our Pension Calculator to work out the level of pension contributions that could help close the gap.

Find out how much you need for retirement

Launch our Pension Calculator.

Launch tool

How much can I contribute?

Now that you’ve decided how much you need to contribute, here’s a guide to how much you can contribute to your pension each year.

You can contribute up to 100% of your earned income each year up to a maximum of £40,000 and receive tax relief.

You can carry forward any unused allowance from the previous 3 tax years.

If you have no UK earnings, or are earning less than £3,600 a year you can still pay contributions up to £2,880 and we will claim tax relief of £720.

The tax free contribution lifetime allowance is currently £1.25m, reducing to £1m on 6 April 2016.


If your annual salary is £30,000 you can contribute £24,000 into your SIPP during the tax year and we will claim tax relief of £6,000 to be credited to your SIPP on receipt.

How do I make contributions?

With a TD SIPP it’s easy to contribute to your pension fund.

  • You can make one-off contributions online using your debit card
  • You can set up a regular direct debit to pay into your TD SIPP from your bank account
  • Your employer can contribute by direct debit
  • You can sell shares and buy them back into your TD SIPP (this is known as a Bed and SIPP)
  • You can make a direct contribution from one of your other TD Direct Investing accounts (excluding Trading ISA)

Regular Contributions

If you don’t have a lump sum to contribute this option lets you make regular monthly contributions to your SIPP from as little as £40 each month by direct debit. You can use your regular contributions to purchase stocks on a monthly basis for just £1.50 commission. You can also purchase funds, which don't incur commission but may have a Fund Manager charge. Choose from up to ten stocks and/or funds that you wish to invest in on monthly basis.

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Important Information

Understanding the risks

The TD SIPP is aimed at customers who have sufficient knowledge and experience of investing to make their own investment decisions and want to actively manage their investments. The TD SIPP is not suitable for every investor. Other types of pensions may be more appropriate.

The investment made within a TD SIPP can fall as well as rise and you may end up with a fund at retirement that’s worth less than you invested. You can normally only access the money from age 55. The tax treatment of a SIPP is based on individual circumstances and may change in the future.


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Next: TD SIPP Investment Options

The TD SIPP is administered by AJ Bell Management Limited. AJ Bell Management Limited is Incorporated in England and Wales under registration number 3948391. Registered Office: Trafford House, Chester Road, Manchester, M32 0RS. Authorised and regulated by the Financial Conduct Authority (Financial Services Register Firm Reference Number 211468). Sippdeal Trustees Limited is a wholly owned subsidiary of AJ Bell Management Limited, Incorporated in England and Wales under registration number 4050222. Registered Office: Trafford House, Chester Road, Manchester, M32 0RS. Sippdeal Trustees Limited does not conduct any regulated activities, and is, therefore, not regulated.