Introduction: Why SIPPs Are a Smart Move for Affluent UK Investors
For high net-worth individuals (HNWIs) in the UK, a Self-Invested Personal Pension (SIPP) is more than just a retirement savings tool—it’s a tax-efficient investment vehicle that offers freedom, flexibility, and control. Whether you’re a seasoned investor or looking to consolidate your pension wealth, the right SIPP platform can significantly impact your long-term financial outcomes.
In this 2025 guide, we’ll break down the best SIPP providers tailored for HNWIs, compare fees and features, and answer the most pressing questions affluent savers have today.
What Is a SIPP and Why Do High Net-Worth Individuals Use Them?
A SIPP is a UK government-approved personal pension scheme that allows individuals to make their own investment decisions from a wide range of assets. Unlike traditional pensions, SIPPs offer:
- Wider investment options (including commercial property, individual shares, ETFs, bonds, and funds)
- Greater control over asset allocation and diversification
- Significant tax relief on contributions (up to 45% for additional rate taxpayers)
- Inheritance tax advantages in estate planning
For those earning over £150,000 annually or with complex portfolios, SIPPs are often a critical part of a broader wealth management strategy.
2025’s Top SIPP Providers for High Net-Worth Individuals
1. AJ Bell – Best for Low-Cost Flexibility
- Fees: Platform fee 0.25%, capped annually
- Strengths: Broad investment access, discretionary fund manager integration
- Ideal for: Investors managing their own large portfolios with low overhead
2. Hargreaves Lansdown – Best for Premium Support & Research
- Fees: Tiered platform charges starting from 0.45%
- Strengths: Market-leading research tools, investment guidance
- Ideal for: HNWIs who want curated advice without a fully managed service
3. Interactive Investor – Best for Fixed Fees
- Fees: Flat fee from £12.99/month regardless of portfolio size
- Strengths: Excellent for large accounts due to fixed pricing
- Ideal for: Investors with portfolios £500K+ seeking predictable costs
4. Equiniti / Dentons – Best for Bespoke SIPP Services
- Fees: Tailored, varies based on assets held (esp. property)
- Strengths: Custom SIPP structures, ideal for business owners
- Ideal for: HNWIs needing property or commercial asset integration
5. Netwealth – Best for Discretionary Managed SIPPs
- Fees: From 0.35% to 0.7%, plus fund costs
- Strengths: Discretionary portfolio management with personal oversight
- Ideal for: Busy professionals and retirees looking for a hands-off approach
Key Features to Look for in a SIPP Platform for HNWIs
- Investment Range – Does the platform support the asset classes you need?
- Tax Optimisation Tools – How well does it help you manage annual allowance, tapering, and carry forward?
- Estate Planning Options – Can beneficiaries inherit pensions tax-efficiently?
- Commercial Property Access – Important for business owners using pensions to hold premises
- Dedicated Advisor Support – Especially critical for portfolios over £1M+
FAQs About SIPPs for High Net-Worth Individuals
How much can I contribute to a SIPP annually in 2025?
In 2025, the annual allowance remains £60,000, but HNWIs may face a tapered allowance if earnings exceed £260,000.
What happens to my SIPP when I die?
SIPPs are outside of your estate for inheritance tax purposes. Beneficiaries can draw funds tax-free if you die before age 75, and at their income tax rate thereafter.
Can I transfer other pensions into a SIPP?
Yes. Consolidating multiple pensions into a SIPP can help streamline management and potentially reduce fees—especially for large portfolios.
Are SIPP investments protected?
Cash is FSCS protected up to £85,000 per provider. However, investments carry risk and may fluctuate in value.
Conclusion: SIPPs Offer Long-Term Advantages for the Wealthy
If you’re a high-net-worth individual serious about retirement planning, choosing the right SIPP platform is essential. From tax benefits to broader investment control, SIPPs are a cornerstone of modern wealth strategies.
Want help finding the most efficient way to grow your pension and minimise your tax burden? Compare providers and consult with a regulated financial advisor before making large contributions or complex transfers.