What Is a SIPP?
  • A SIPP (self-invested personal pension) is a government-approved personal pension scheme. It allows individuals to make their own investment decisions or to outsource to an investment manager and invest in a broad range of investments.
  • Similar to other personal pensions, the individual receives tax rebates on money put into their SIPP in exchange for restrictions on when that money can be withdrawn.
What Is the Minimum Criteria to Open a SIPP via Scalable Capital?

To open a SIPP you must be:

  • A UK resident for tax purposes
  • Between the ages of 18 and 75 years old
  • Have a minimum starting transfer or deposit amount of £10,000
  • We cannot take on US citizens due to US tax reporting requirements
I’m Self-Employed, Can I Open a SIPP?

Yes, as a self-employed person you have the same allowances as an employed person. If you are an employee of your own company, you may be able to make employer contributions into your SIPP. You can speak to our support team for more details.

Can My Employer Make Contributions to My SIPP?

Yes, if you are employed your employer can pay contributions into your SIPP. Please contact our support team to find out more.

How Do I Open a SIPP via Scalable Capital?
  • The first step is to complete the SIPP Opening Form - you can request one by entering your email here
  • If you are transferring a SIPP you will also need to complete the included Transfer Form.
  • Please post these forms to Scalable Capital, 4 Christopher St, London EC2A 2BS.
  • We will then contact you to set up your online account and start the SIPP transfer process.
Who Operates the SIPP?
  • The SIPP is invested and managed by Scalable Capital in the same way we manage ISA and GIA portfolios.
  • Scalable Capital is an investment partner of the AJ Bell Investcentre SIPP. AJ Bell is one of the largest pension providers in the UK, with over £42bn of assets under administration, and acts as scheme administrator and trustee of your SIPP. You can find out more about AJ Bell Investcentre here.
What Does it Cost?
  • The total costs for Scalable Capital’s investment management services are 0.9% per annum (VAT included). This is broken down as follows:

    • 0.75% Scalable Capital fee which covers investment management, custody and trading costs
    • 0.15% ETF (Exchange Traded Fund) fee which is taken directly from the ETFs assets

  • AJ Bell charges an initial set-up fee of £120 plus VAT and a quarterly administration fee that depends on the value of your SIPP:


More information on the SIPP charges is available from the customer area of the AJ Bell Investcentre website.

How Much Can I Pay into My SIPP?

There is no limit to how much you can pay into a SIPP, however the tax treatment will change according to how much is contributed over specific time periods. As of the 2018/19 tax year, £40,000 is the annual allowance eligible for tax relief and the lifetime allowance is currently £1.03m. These figures are subject to change and can vary depending on your personal circumstances. If you have questions specific to your situation, such as carry over and higher earnings limits, please contact our support team support@scalable.capital.

What Type of Pension Can I Transfer to Scalable Capital?

You can transfer SIPPs, Personal Pensions and most workplace pensions. Some pensions, known as ‘Defined Benefit’ or ‘Final Salary’ schemes, cannot be transferred. If you are unsure what type of pension you have and whether it can be transferred we can help answer your questions, just get in touch.

If you are having trouble remembering old pension details the Pension Finder Service will help track these down.

How Long Does It Take to Transfer a Pension to Scalable Capital?

The majority of pension transfers take around 4 weeks to complete. Some can take up to three months, depending on your previous provider.

What happens to my SIPP when I die?

If you die before reaching the age of 75, your pension can be paid to your beneficiaries in the form of a lump sum or income. These benefits are usually tax-free, depending on the circumstances (for example if you have not exceeded the lifetime allowance). If you die after the age of 75, your pension can still be paid to your beneficiaries, but will be taxed at their marginal rate of income tax.

What Are the Key Features of the SIPP?

The SIPP Key Features document is available from the customer area of the AJ Bell Investcentre website and answers the most common questions about:

  • Contributions
  • Tax Relief
  • Annual/Lifetime Allowances
  • Carry Forward
  • Transfers
Can’t Find What You Are Looking For?

We have a team of qualified advisors on hand who can answer questions specific to your circumstances. Please contact the support team on support@scalable.capital or 0203 7500 703.