Three easy steps to open a SIPP

Use our savings calculator to help work out how much to pay in.
Go to the Investing Hub to research your investment choices.
Apply online now.

IMPORTANT! Read the SIPP Key Facts and our Charges Guide for all the details and before you make up your mind if our SIPP Account is right for you.

Apply now

Important information

Please remember the value of your investments and any income from them can go down as well as up. The value of your fund may be less than you paid in.

Before initiating a transfer you should seek professional advice on the merits of the proposed transfer that is specific to your circumstances. Your existing pension may have valuable benefits which you might lose when you transfer.

Laws and tax rules may change in the future without notice. The information here is our understanding in January 2018. This information takes no account of your personal circumstances which may have an impact on tax treatment.

Who is eligible?

You can open a SIPP with Best Sun Credit Union if you are over 18 and:

have earnings that count for UK income tax; or
are resident in the UK at some point during the tax year; or
want to make a transfer from another registered pension scheme

Are you getting the most out of your pension savings? Read our guide to take you through the main points you need to consider.

Download pension savings guide

What types of pensions can I transfer to my SIPP?

We currently accept cash transfers from most types of pensions, including:

Personal Pensions and SIPPs (from other providers) including those you are already taking an income from through flexi-access drawdown
Pensions you’ve saved into at work, as long as they are Defined Contribution (also known as money purchase)
Retirement Annuity Contracts
Protected Rights pensions that you used to contract out of the Second State Pension
Additional Voluntary Contributions and Free Standing Additional Voluntary Contributions
Executive Pension Plans

If you want to transfer benefits from a defined benefit scheme (often known as final salary or career average schemes); and in some other circumstances (for example if you have a guaranteed annuity rate) then you’ll HAVE to get financial advice first, unless the total value of the transfer is less than $30,000.

How much could your SIPP be worth?

Use our savings tool to work out how much you might be able to save for retirement.

Use our savings tool

Need advice?

We offer an 'execution only' service, meaning we only do what you ask us to do. If you need advice you should consult a financial adviser.

Find a financial adviser in your area.

Prove you are a human

Open / Transfer a SIPP

Whether you are opening an Account for the first time or transferring from an existing pension, opening an Account with Best Sun Credit Union is simple.