All you need to know about the Quilter Invest SIPP Account

A simple, flexible way to save for your future

Planning for retirement doesn’t have to be complicated. The Quilter Invest SIPP (Self-Invested Personal Pension) is designed to make long-term saving straightforward, accessible, and fully digital-so you can stay in control of your pension every step of the way.

What is a SIPP?

A SIPP is a personal pension that gives you the freedom to choose how your money is invested. The Quilter Invest SIPP focuses on simplicity-helping you build your retirement savings over time in a tax-efficient way.

It’s an accumulation-only pension. That means it’s built for growing your savings, rather than taking income directly from it.

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Who is it for?

The Quilter Invest SIPP could be right for you if you:

• Are a UK resident aged 18 to 49

• Want to manage your own pension investments

• Are focused on long-term saving for retirement

• May want to bring pensions together in one place

It may not be suitable if you:

• Need to take income directly from your pension (drawdown)

• Require a wide or specialist investment range

• Have safeguarded pension benefits or protections

• Are aged 50 or over when applying

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A quick note on advice

This is an execution-only service. That means:

• You make your own investment decisions

• Quilter Invest does not provide financial, legal or tax advice

• FCA suitability protections don’t apply

If you’re unsure, it’s worth speaking to a qualified financial adviser before investing.

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Saving into your SIPP

You can open and manage your SIPP easily through the Quilter Invest mobile app.

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How you can contribute

• One-off payments or regular contributions

• Bank transfer from your registered account

• Open Banking (via Truelayer)

• Direct debit (for regular saving)

• Transfers from other pensions (free of charge)

At the moment, only personal contributions are accepted-no employer or third-party payments.

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The benefit of tax relief

One of the biggest advantages of a pension is tax relief.

• For every £100 you contribute, £125 is added to your SIPP assuming you are eligible for basic‑rate tax relief.

• Quilter Invest automatically claims 20% basic-rate tax relief from HMRC

• This can take up to 12 weeks to be added

• If you’re a higher or additional-rate taxpayer, you may be able to claim even more through your tax return.  

Remember, tax treatment depends on your personal circumstances and may change over time.  Tax relief timing is not guaranteed.

How much can you pay in?

There are limits set by HMRC:

• Annual Allowance: £60,000 (2025/26 tax year)

• Or up to 100% of your earnings (whichever is lower)

• Minimum contribution eligible for tax relief: £3,600

• These limits may change in the future

Other rules may apply if:

• You’re a high earner (tapered allowance)

• You’ve already accessed pension income (MPAA: £10,000)

It’s your responsibility to stay within these limits.

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How your money is invested

The Quilter Invest SIPP offers access to Quilter MyGoal funds -diversified, multi-asset portfolios designed for long-term growth.

These funds are:

• Professionally managed

• Spread across different asset types

• Built around different risk levels

You can explore and choose investments directly in the app.

The value of these investments can fall as well as rise and you may get back less than you invest.

What does it cost?

Keeping costs simple and transparent is key.

• Annual charge: 0.25% (based on your account value)

• Platform fee: £2 per month

• FX fees: Up to 0.40%

• Plus underlying fund and investment costs

Charges are taken directly from your SIPP. If there isn’t enough cash available, investments may be sold to cover them.

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Accessing your money

The Quilter Invest SIPP is designed for saving-not withdrawing.

To take money out:

• You’ll need to transfer your pension to another provider

• There are no charges for transferring out

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When can you access your pension?

• Usually from age 55

• Rising to 57 from April 2028

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Tax-free cash and limits

When you access your pension, there are limits on tax-free amounts:

• Lump Sum Allowance (LSA): £268,275

• Lump Sum & Death Benefit Allowance (LSDBA): £1,073,100

These are set by HMRC and may change over time.

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What happens if you die?

If you pass away:

• Your SIPP is frozen

• Your nominated beneficiaries are considered

• They can take benefits as a lump sum or income (via another provider)

In many cases:

• Benefits are tax-free if you die before age 75

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Important risks to understand

As with any investment, there are risks:

• Investment risk: Your pension value can go down as well as up

• Inflation risk: Rising costs can reduce your purchasing power

• Charges: Fees will reduce your overall returns

• Tax rules: These can change over time

• Transfers: Moving pensions may mean giving up valuable benefits

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Security and protection

Your SIPP is administered by Seccl Custody Limited, authorised and regulated by the Financial Conduct Authority (FCA).

Your money is:

• Held securely and separately from Seccl’s own assets

• Protected under the Financial Services Compensation Scheme (FSCS)

Typical FSCS limits include:

• £85,000 for provider failure

• £120,000 for cash deposits

• Note: FSCS doesn’t cover investment performance or market losses.

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Support and guidance

You don’t have to figure everything out alone.

• Pension Wise (via MoneyHelper) offers free, impartial guidance

• Quilter Invest support is available at: support@quilterinvest.com

• Complaints can be escalated to the Financial Ombudsman Service

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Final thoughts

The Quilter Invest SIPP is built for simplicity and control. It’s a modern, app-based pension designed to help you grow your savings over time-without unnecessary complexity.

If you’re comfortable making your own investment decisions and want a clear, low-cost way to plan for retirement, it could be a strong option to consider.

Remember: the value of your investments can go down as well as up, and you may get back less than you invest. Quilter Invest is an execution‑only service. You are responsible for deciding whether an investment is suitable for you. Charges and fees apply and can affect returns. Pension and tax rules can change and depend on your individual circumstances. You usually can’t access pension savings until age 55 (rising to 57 from 2028).