TD SIPP (Self Invested Personal Pension)

  • Save time by controlling all your pensions in one place
  • Monitor your pension when you want, where you want with our mobile apps
  • Take advantage of flexible pension options at retirement

Choose TD for your pension

With the TD SIPP you can take control of your pensions and how they’re invested to achieve your retirement adventure. Transfer your existing pensions or open a new TD SIPP.

  • Pick from a wide choice of investments including over 2,000 funds, UK & International shares (as well as AIM), ETFs, Investment Trusts & more. 

  • Buy shares, ETFs & Investment Trusts online on our £5.95 share dealing rate in your first three months

  • Hold cash in 9 different currencies

  • Low cost FX charges

  • Grow your pension with our free research tools

  • Access AIM shares through your SIPP

The value of international investments may be affected by currency fluctuations which might reduce their value in sterling. We may receive two elements of commission in relation to international dealing - Trading Commission and our FX Charge.  Please see our Rates and Charges for full details of the relevant costs

A SIPP could be right for you...

  • If you’re the type of person who likes to make your own investment choices
  • You take an active interest in your retirement and you’re looking for ways to boost your investments
  • You want to plan for your future in a tax-efficient way
  • You know that money invested into a pension means it’s tied up until you’re at least 55 (57 in 2028)

  • If you understand that you can access a wide range of investment types within a SIPP, including international stocks and shares

A SIPP might not be right...

  • If you want unrestricted access to your money
  • You only need access to a limited range of investments like those associated with an insurance company personal pension or a stakeholder pension plan
  • You can’t invest directly into assets such as commercial property
  • You also can’t open a SIPP if you’re over 74.

The TD SIPP is aimed at investors who have sufficient knowledge and experience of investing to make their own 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.

Prior to making any decision about the suitability of a TD SIPP, or transferring any existing pension plan(s) into a TD SIPP we recommend that you seek the advice of a suitably qualified financial adviser. Please note that AJ Bell Management Limited and SIPPdeal Trustees Limited are not able to offer advice. TD Direct Investing is not able to offer advice on your pension.

Rates & charges at a glance

  • Invest in shares, ETFs and Investment Trusts on our £5.95 share dealing rate in your first 3 months. After the 3 months we’ll move you onto our Active (£5.95), Frequent (£8.95) or Standard (£12.50) rate

  • 0.25% Account Fee of the value of the SIPP per half year. Minimum £40 + VAT, maximum £100 + VAT per charge. (Total minimum £80 + VAT, maximum £200 + VAT per year)

  • £0 to buy or sell funds. The only fees you pay are our Platform Fee (for holding your Funds) and the Ongoing Charge Figure (OCF) by the Fund Manager (to pay for running their Fund)

How much can I contribute?

Here’s a guide to how much you can contribute to your pension each year. Remember to consider both regular and one-off contributions that you make.

  • You can generally receive tax relief on contributions 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 Lifetime Allowance is currently £1m.
  • 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.

If you have an income of more than £150,000 you are restricted in the allowance available to you with a sliding scale being applied to the annual limit for the 2016/17 tax year.

The calculation of income is complex. It isn’t simply based on earnings from employment or self-employment, meaning you may need to contact a financial adviser or accountant to establish exactly how much you can pay into your pension.

As a guide, you will be considered a high-income individual if your ‘adjusted income’ is more than £150,000.

‘Adjusted’ income means; you have ’Threshold Income’ e.g. base salary, bonus, rental or investment income that total over £110,000 and then employee and employer pension contributions are added to this amount. This gives you your ‘Adjusted Income’ figure.

If your ‘Adjusted Income’ is greater than £150,000, your annual allowance will reduce by £1 for every £2 of ‘Adjusted Income’ up to an income £210,000, when the annual allowance is set at £10,000. This is known as your Tapered Annual Allowance.

See table below:

Annual Income  Annual Contribution Allowance
Up to £150,000 £40,000
£160,000 £35,000
£170,000  £30,000
£180,000  £25,000
£190,000  £20,000
£200,000  £15,000
£210,000+ £10,000


 

The tax treatment of a SIPP is based on individual circumstances and may change in the future.

The investments 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.

Like all pensions, the treatment of tax depends on individual cicumstances and may change in the future, and you need the necessary experience and knowledge to understand the product features explained in the Key Features Document which you'll see when applying. You’ll also need to understand the pension projections and effects of charges set out in the Key Features Illustration.

Get started with TD today

You'll be asked to produce a Key Features Illustration before you open a TD SIPP. This gives you important information to help you decide if a TD SIPP is right for you. You’ll be taken to AJ Bell’s site to do this, our partner in providing the TD SIPP.