A Self‑Invested Personal Pension (SIPP) is a type of pension designed as a tax-efficient way to save for retirement. A SIPP is a type of personal pension that you open and manage yourself. You choose how much to contribute, when to contribute, and how your money is invested. Eligible contributions receive basic rate tax relief once HMRC has processed them, helping your pension grow over time. The amount of tax relief you receive depends on your individual circumstances and the rules in place at the time. 
 

The Quilter Invest SIPP is designed to help you build your pension savings over time. When you reach retirement age, you’ll be able to access your pension in line with the options available at that time, which may include drawdown or transferring to another provider. 

With the Quilter Invest SIPP: 

• Basic rate tax relief is applied at 20%. This means that for every £80 you contribute, £100 is added to your SIPP, a 25% top up to your contribution. Quilter Invest claims this tax relief from HMRC on your behalf and adds it to your pension automatically, usually within 6 to 8 weeks. 

• You can transfer existing pensions into one place to help you manage your retirement savings more easily. 

• You can invest in Quilter’s professionally managed MyGoal funds, designed to suit a range of risk levels and investment goals. View MyGoal funds. 

• If you set up Auto Invest, any tax relief you receive can be reinvested automatically in line with your chosen investment strategy. 

The amount your pension is worth depends on: 

• The performance of your chosen investments 

• Market conditions 

• Charges that apply 

Quilter Invest does not offer financial advice. We cannot advise you on whether a SIPP is right for you, how much you should contribute, or which investments are suitable for your circumstances. The value of investments can go down as well as up, and you may get back less than you have paid in. 

If you are unsure whether a SIPP is right for you, you should speak to a financial adviser. You can book a free consultation here: Book a consultation | Quilter. This consultation is provided by a financial adviser and is separate from Quilter Invest.   

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You can open a Quilter Invest SIPP if you: 
 

• Are aged 18 or over and under age 50 

• Are a UK-resident 

• Are opening a pension for personal contributions only 

• Are not making employer contributions 

• Want to hold and grow your pension savings digitally 
   

Employer contributions are not currently supported 

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No, you can’t access your pension savings until you reach the minimum pension access age (currently 57). 

This means: 

• You cannot access your pension savings until you start retirement 

• To take benefits at retirement, you must contact us at support@quilterinvest.com  

This structure is designed for long-term pension saving only. 

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You can invest in Quilter Cirilium funds, which are diversified, multi‑asset OEIC portfolios designed with long-term growth objectives and different risk levels. In the app and on our website, these funds are shown and referred to as Quilter’s MyGoal funds. 

MyGoal funds are designed and overseen by Quilter’s investment specialists and are managed to support long-term investing across a range of risk levels. While they are widely used by investors and financial advisers, they are not personal recommendations. 

As with all investments, the value of MyGoal funds can go down as well as up, and you may get back less than you invest. Past performance is not a reliable indicator of future results. If you’re unsure whether these funds are suitable for you, you should consider seeking independent financial advice. 

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The default fund is one of five Cirilium passive funds available for your pension and is used for illustration purposes to help show how a typical investment might perform over time. 

We highlight this fund to help customers who want a simple, balanced investment option when choosing between the available Cirilium funds. It’s designed to provide a straightforward starting point for long-term pension investing, without needing to compare or combine multiple investments.   

The default fund shown in your pension illustration is MyGoal - Moderate. 

Important things to know: 

• The default fund does not automatically invest your money 

• You are not placed into this fund unless you actively choose it 

• It does not affect your contributions, deposits or account in any way 

• You remain fully in control of all investment decisions 

• The default fund is simply a reference point to help you understand potential future outcomes and compare investment choices.  

• This information is not personal advice or a recommendation, and we don’t take your individual circumstances into account when showing this fund.   

You do not have to use the default fund - it is not a recommendation, and your money is not automatically invested. 

Remember, when you invest your capital is at risk. The value of your investments can go down as well as up, and you could get back less than what you invest. 

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Contributions to your Quilter Invest SIPP are treated as net of basic rate tax. Eligible contributions receive 20% basic‑rate tax relief, in line with HMRC rules, claimed on your behalf. Your investments can grow without UK income or capital gains tax inside the pension, and tax may be due when you access your pension, depending on your circumstances at the time.    

For example: 

• If you contribute £1,000 

• HMRC adds £250 

• Your total pension contribution becomes £1,250  

Tax relief usually takes 6–8 weeks to be applied. 

 
Tax relief can only be claimed on personal contributions, not on investment growth, dividends or interest. It is your responsibility to ensure you do not exceed your eligible pension allowances. 

 You can make personal contributions to your Quilter Invest SIPP in the following ways: 

• Instant deposit: Make a one-off contribution instantly using your linked bank account. 

• Bank transfer: Send a contribution via bank transfer using the details shown in the app. 

• Auto Deposit: Set up a regular contribution using Direct Debit. This allows you to add money automatically on a schedule that suits you. 

You can make one-off or regular contributions at any time. Contributions are personal only - employer contributions are not currently supported. 

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