A pension is a long-term investment. Its value can go down as well as up and could be worth less than was paid in. Laws and tax rules may change in the future. Your own circumstances and where you live in the UK will also have an impact on tax treatment.

We can help you save for retirement

A pension plan from Standard Life can be a great way to save for the future you want when you retire. The money you pay into your plan gets a boost from tax relief, plus it’s invested so has the potential to grow.

You can find more information on how pension plans work in our Pension Basics guide.

Buy a pension plan

At Standard Life we understand that different people have different needs. We have two main types of personal pension plan for you to choose from:

Standard Life Active Money Personal Pension

Our Active Money Person Pension (AMPP) is a simple and tax-efficient way to save for your retirement. You can:

  • Pay in from £80 a month or an £800 lump sum
  • Your payments will be topped up by tax relief from HMRC. Find out more about how tax relief works here
  • Manage your plan online, including starting, stopping or changing payments
  • Choose from our Easy or DIY investment options  depending on how much help you want
  • Easily transfer in an existing pension plan. Having one pension plan could make your retirement planning easier to manage

Transferring isn’t right for everyone. There‘s no guarantee you’ll get more. You could lose money by giving up valuable guarantees or benefits that you might have with other pension plans.

Our Self Invested Personal Pension (SIPP)

If you're looking for wider choice of investment options, our SIPP could be for you. It may be suitable for experienced investors who are comfortable regularly reviewing their pension investments to make sure they continue to meet their needs, goals and attitude to risk:

  • Access a wider range of investment options than our personal pension
  • Pay in from £80 a month or an £800 lump sum each year if your plan value is over £50,000. Or from £240 a month or a £2,400 lump sum each year if your plan value is less than £50,000
  • Your payments will be topped up by tax relief from HMRC. Find out more about how tax relief works here
  • Manage your plan online, including starting, stopping or changing payments

If you’d like to apply for a SIPP today, call us on 0345 272 8810 (call charges will apply).

You can also read more about our SIPP here.

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More personal pension plan options

We’re committed to helping you make good choices so you can get the best out of your life savings. We have lots of clear pension guides to help you make decision that are right for you.