SIPP Calculator
Calculate your Self-Invested Personal Pension growth with tax relief benefits. See how government contributions boost your retirement savings.
A Self-Invested Personal Pension (SIPP) is a type of personal pension that gives you more control over how your retirement savings are invested. Unlike traditional pensions, you can choose from a wide range of investments including stocks, bonds, funds, and commercial property.
The government adds tax relief to your contributions, effectively boosting your pension pot. For every £80 you contribute, the government adds £20 (basic rate). Higher and additional rate taxpayers can claim even more through their tax return.
Tax relief: 66.67% (£60 → £100)
Projected SIPP Value
Monthly with Tax Relief
25% Tax-Free Lump Sum
You can access your SIPP from age 55 (rising to 57 in 2028). This is the earliest you can start taking money out.
You can take up to 25% of your pension pot as a tax-free lump sum. The remaining 75% is taxed as income.
The remaining 75% is taxed as income at your marginal rate (20%, 40%, or 45%) when you withdraw it.
What if you withdraw more?
After taking your 25% tax-free lump sum, any further withdrawals from the remaining 75% will be taxed as income. You can take money flexibly (drawdown), buy an annuity for guaranteed income, or a combination of both. The amount of tax you pay depends on your total income for that tax year and your tax bracket.
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