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Hargreaves Lansdown SIPP Review


In this Hargreaves Lansdown SIPP review, we take a closer look at the product to help you decide whether it is the right investment for you. 

There are so many different ways of investing now that it can be difficult to make an informed decision as to which one is best. However, an interesting option that is worth taking a look at comes with the Hargreaves Lansdown SIPP.

What Is a SIPP?

The first point we need to look at is what a SIPP actually is. This stands for Self-Invested Personal Pension. Basically, it is a pension plan designed for someone who is comfortable taking charge of their own pension and making investment decisions.

This type of investment plan can cover a wide range of investment types and is ideal for someone who wants to take a hands-on role in their financial planning for the future.

You don’t need to be a financial expert to invest in this sort of plan but you do need to be happy making some decisions.

One of the big advantages of this type of investment is that it is also tax-efficient. This simply means that more of your money goes towards your pension rather than on taxes.

The Hargreaves Lansdown SIPP

The fact that pension plans are so variable means that there is a lot to consider before you go ahead and choose one.

In the case of the Hargreaves Lansdown SIPP there are more than 2,500 funds, investment trusts, shares, bonds and other investment choices to pick from.

A full list of the investment options is on their website. It includes just about every type of sensible investment you might want to make. The question is then which one to choose. You can pick a few of them and vary your investment in that way if you like.

This makes it an extremely flexible investment that can be tailored to meet just about any type of investment approach. Whether you want a high risk approach, a low risk strategy or something in between, you can choose the right way to save for your future.

Hargreaves Lansdown’s SIPP fees are also competitive and simple to understand. The company’s maximum annual fee for holding your investments is 0.45%. Some funds or other investments may add their own fees, however. It’s free to set up your account and it’s also free to buy and sell funds.

How to Get Started

One of the most important aspects of any investment plan is how you can get started on it. You certainly don’t want to waste time trying to get set up or get frustrated because of a difficult process.

Thankfully, with the Hargreaves Lansdown SIPP, it is incredibly easy to get started and begin managing your investments.

You can control your investment online or you can choose to do it by post or by phone. The most modern way of doing it is to simply download a mobile app and use your phone or tablet to take control of your investments.

This takes a lot of the stress out of investing and means that you can also take care of your SIPP no matter where you are and what kind of lifestyle you lead.

Facts and Figures

The numbers provided on the Hargreaves Lansdown website show that they currently have over 220,000 people investing in their Vantage SIPP.

Perhaps even more importantly, they have been voted as the Best SIPP Provider by What Investment readers for an impressive 10 years in a row.

Another statistic worth mentioning is that over 97% of their SIPP clients stated that their service is excellent, very good or good, according to a recent survey.

Your Research

The fact that a SIPP is designed for someone who is comfortable making their own decisions doesn’t mean that you have to be an investment expert right at the start of the process. In fact, you can do all the research needed on the Hargreaves Lansdown website by checking out their articles and tools or by reading their free guide to SIPPs.

Even if you aren’t a financial expert at the start, you will soon pick up a lot of valuable knowledge as you go. This means that you become more confident and effective at investing your money all the time.

If you don’t have a lot of time to dedicate the research matters then it still shouldn’t take you too long to become comfortable with your investment options. Having said that, if you can dedicate more time to using the tools provided then that would be even better.

What If You Have an Existing Pension?

One issue that you may have some concerns over is if you have an existing pension plan already in place. You might be worried about whether you can transfer this over and, if so, how easy it would be.

The good news is that it is actually incredibly easy to do this. The firm’s site has a very useful guide to moving your pension. This can be something that is a lot easier to do than you might think.

Most types of pension can be transferred and there is a very simple form to complete in order to do this. After that, it is a process that is normally completed in just 10 days or so.


As we can see from this review, the Hargreaves Lansdown SIPP is a solid and flexible type of pension. With competitive fees and a vast array of investment options to choose from, it could be right for people in many different types of situation and is well worth consideration.

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