HL SIPP (Self Invested Personal Pension)

If you are comfortable being in control of your investments, the Vantage SIPP is a great way to put money aside for retirement. You get a huge investment choice, award-winning service and valuable tax relief - all at low cost and with market beating initial savings of up to 5.5% on funds.

You can invest as simply or sophisticatedly as you desire. From holding cash and choosing a multi-manager fund (where a selection of funds are managed for you) to selecting the most exciting funds run by the City's finest fund managers. You even have the freedom to invest in individual stocks and shares in the UK and beyond.

The tax benefits make pensions such as a SIPP stand out from other investments:

• Receive up to 40% tax relief on new contributions, depending on your circumstances. Download the 2009 budget factsheet
• Your investments grow free of capital gains tax.
• If you die before you take retirement benefits the fund can normally be passed to nominated beneficiaries FREE from inheritance tax.
• You can normally take a tax FREE lump sum of up to 25% of the fund value at retirement with the remainder used to provide a taxable income. The exact tax benefits will depend on your circumstances, but this can be changed by the government.
  

Benefits of the HL Vantage SIPP

• Wider investment choice - Choose from over 2,300 funds, shares, investment trusts, gilts, corporate bonds, exchange traded funds, and cash.
• Low costs - No set up fee, no fee to transfer in other pensions or make a contribution and often no annual management fee. more information on charges
• More control - Manage your SIPP online, by phone or post - this makes it easy to monitor your SIPP and change your investments.
• Award winning service - Hargreaves Lansdown has won at least one major SIPP award every year since 2005, most recently being voted Best SIPP provider by readers of What Investment in 2007 & 2008.

Compare the flexibility

Type of investment	Personal pension	HL Vantage SIPP
Collective investment funds
Unit trusts
OEICs (Open Ended Investment Companies)
Investment trusts
Insurance company managed funds and their range of funds run by other managers
Stock and shares on a recognised stock exchange
Individual UK equities
Overseas equities, eg. US or European shares
UK Gilts
Bonds and other fixed interest securities
PIBS - Permanent interest bearing shares
Other investments
Cash and deposit

Deciding where to invest

For some investors nothing beats the thrill of choosing their own stocks and shares. Others prefer to entrust the choice of shares to experts and choose funds. With the Vantage SIPP you can invest with the UK's finest fund managers. We send regular reviews on funds that we believe have good prospects to help you decide for yourself where to invest.

The Wealth 150 - A list of approximately 150 of our favourite funds in each sector, hand-picked and updated by our investment team. Whether you're short of time or simply unsure where to start, the Wealth 150 is a great way to find some funds our investment team think show potential and start building your portfolio.

Multi-Manager funds - You can also choose one of our Multi-Manager funds where a manager selects and manages a basket of funds for you. More about the Hargreaves Lansdown Multi-Manager Funds.

If you want to be out of the market or need time to decide where to invest, you can hold cash within your SIPP.

Complex products

If you wish to purchase a complex product, such as a Hedge fund, unregulated fund, or equity or covered warrants, you will be required to complete a complex products risk warning notice and questionnaire and return a hard copy to us by post before dealing. If this applies to a product you wish to purchase, please call us on 0117 980 9800 and we will send you a notice to complete. Once received, we will contact you to confirm your account has been marked to permit dealing in complex products.