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Take control of your Personal Pension

A Plum Self Invested Personal Pension (SIPP) lets you consolidate existing policies in one place and invest in a choice of risk managed or diversified global funds. Capital at risk.

Plum Pension

Past Performance is not a reliable indicator of future results.

FCA regulated

Plum Money is the trading name of Saveable Limited. Authorised and regulated by the Financial Conduct Authority (FRN: 739214).

FSCS protected

Your share of the fund is protected by the Financial Services Compensation Scheme, up to £85,000, though the actual value of investments will fluctuate with market forces.

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Plum Pensions

All your pensions in one place

If you’ve been enrolled in workplace pension schemes from past employers, then a SIPP is a way to understand and control where your money is being invested. With Plum you can consolidate all your pensions into a single, handy app.

Tax efficient investing for your future

A Plum SIPP can help you make sure you have enough money tucked away to support yourself in later life.

For a basic rate taxpayer in the UK, if you were to contribute £100 into your SIPP it would only cost you £80 in real terms, because income tax paid is reimbursed by HMRC.

This tax treatment will depend on your individual circumstances and may be subject to change in future.

Plum Pension Fund

How does it work?

You can invest your pension savings into a fund that is risk managed (based on your current age and target retirement date), or choose from a range of diversified global funds.

Retirement 2050

Investments that will pay out money for investors planning to retire in or within approximately five years after 2050.


Global Equity

Invests in shares of large and medium sized companies, as measured by market capitalisation from around the world.


Historic returns are correct as of 01 November 2021.
Please remember that past performance is not a reliable indicator of future results. As with all investing, your capital is at risk.

*Note: 'Future Planet' fund was introduced in 2018, hence only 3 years of historic returns are available.

Additional benefits vs. a General Investment Account (GIA)

Receive income tax relief from the UK government on your SIPP contributions (capped at £40,000 for the 2020 / 21 tax year).

Automate your future with Plum

Combined with automatic saving rules and diagnostic features, you can put your pension on autopilot.

Invest in what matters to you

You choose from a range of funds to decide where your pension is invested, then sit back and let Plum automate your strategy, without needing to think about it.

Common questions

A Self-Invested Personal Pension (SIPP) is a type of account that allows you to save for retirement in a tax-efficient and flexible way.

With a SIPP you can add money to your pension pot as often as you like, and claim additional income tax relief from HMRC as an incentive from the UK government.

Any money you pay into your SIPP, is free from capital gains tax, with the benefits you receive subject to UK pensions legislation. This includes limits on contributions that can qualify for tax relief, the age at which you can draw benefits, and any limits on the benefits that can be claimed without incurring tax penalties (including the amount that can be taken as tax-free cash).

You can use a SIPP to combine all your old pensions into one handy app, and start to draw money from the age of 55 (rising to 57 in 2028).

A Plum SIPP is just one part of the overall Plum platform, which can help you save more money, lower household bills, manage your budget and invest simply.

The Plum SIPP is available free of subscription charges (i.e. you do not have to subscribe to one of our paid tiers, either Plum Plus or Plum Pro).

However there are other fees to consider:

  1. Product provider fee: 0.45% per year. This fee is charged annually, billed monthly and automatically reflected in your SIPP account balance.
  2. Fund management fee: an average annual fee of 0.25%, depending on the fund(s) you choose for your SIPP. Although each fund manager will charge a slightly different fee for this service, this is always expressed as a percentage of the amount you hold in that fund. This is automatically deducted from the total value of the fund.

See the management fees by fund here.

Yes! Any contributions you make to a SIPP are eligible for UK income tax relief, up to a certain threshold.

The maximum amount of tax relief you can claim on the money you pay into your SIPP is based on your earnings and how much tax you pay. You can generally contribute up to 100% of your earnings, with an ‘annual allowance’ for tax relief up to £40,000 per tax year.

The Scheme Administrator then claims the income tax paid (at the basic rate) back from HMRC, and will invest this directly into your pension plan. For example, a contribution of £10,000 would only cost £8,000 from your take-home pay, because the Scheme Administrator reclaims the additional £2,000 (based on income tax at a basic rate of 20%).

If you pay income tax at a higher rate, you can still claim extra tax relief through your self-assessment tax return on your personal contributions.

You can use the link below to see an estimation of the effect that fees/charges, time and performance can potentially have on the returns you receive from your SIPP.

Pension return calculator

Combining all your existing pensions into a single Plum SIPP account means you can manage all your retirement savings with a single app, whilst also having access to all the extra budgeting and saving features that Plum customers know and love.

The process is super easy, and can be completed within the app in a few simple steps:

  1. Enter your personal information.
    If you need help finding a lost pension, you can use the UK Government pension finder.
  2. Choose from a range of funds to decide where you’ll invest your pension. You can find more details on the available funds here.
  3. Select your beneficiaries.
  4. Add details of any existing pensions that you want to transfer to Plum (you can transfer multiple pensions at any time).
  5. Review the legal documents and sign the transfer request.

A Plum SIPP has been designed to make saving and investing for your future as simple and as straightforward as possible.

When you transfer money to your pension you’ll be asked to choose from three types of investment funds:

  • Target Retirement Date Fund 🏖

    The composition of the investments in this clever fund will be automatically adjusted as you near your specified retirement age (with a greater emphasis on stability over potential growth, the closer you get to retirement).

  • Global Growth 🌍

    A fund that contains a broad range of heavily diversified investments from all around the world (meaning that any fluctuations from a particular sector or region only account for a small share of the overall fund value).

  • Future Planet 🌱

    A fund that aims to deliver an ethical financial return, by investing in shares of companies that meet positive carbon and environmental criteria.

  • If you have any other questions you can visit the full FAQ.

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