Open a new HL Self-Invested Personal Pension (SIPP)
Register for £100-£3,000 cashback offer
Open your HL SIPP with payments or transfers over £10,000 to qualify. Offer ends 5 April 2025. Full terms and registration form below.
To get this offer, you need to register your interest and submit your SIPP application by 5 April 2025.
You must also keep your money in your SIPP until 31 March 2026 (exceptions apply if taking retirement benefits). You'll receive your cashback by 30 April 2026, or later if a transfer hasn’t completed by then - see full terms for details.
You should be aware of your pension annual allowances before adding money. Any tax relief or employer contributions will not be considered qualifying contributions. If you need more time to transfer, you can register for a 6-month extension.
It's free to transfer to us, but before transferring you should ask your current provider if there are any exit fees, or if you’ll lose any valuable benefits. Transfers of a defined benefit/final salary pension will not qualify for cashback.
Please note: Investments can rise as well as fall in value, so you could get back less than you invest. This isn’t personal advice. If you’re not sure if transferring is right for you, please ask us for financial advice.
| Amount paid in and/or transferred | Cashback |
|---|---|
| £10,000 - £99,999 | £100 |
| £100,000 - £249,999 | £250 |
| £250,000 - £499,999 | £500 |
| £500,000 - £999,999 | £1,000 |
| £1,000,000+ | £3,000 |
Thank you for registering for our latest cashback offer
You should receive a confirmation email shortly.
There was a problem signing up.
Please contact us for help.
FAQs
The HL SIPP is also extremely flexible which suits me perfectly as a self-employed individual. I don’t get paid the same day each month, so I needed a pension where I could make contributions whenever suited me.
Holli
Holli
The HL SIPP is a fantastic vehicle which offers ultimate flexibility and a range of benefits. I have the option of a wide range of products which I can invest in.
Richard
Richard
Talk to our transfer team
If you’re considering transferring, but you’ve got some questions about our service or charges please get in touch. Our experts can talk you through the application process and help you to decide if transferring is right for you.
During your call, you'll get answers to your questions. But you won’t get personal advice.
Call 0117 980 9926 or book a 30-minute appointment
Terms of the New Accounts HL Self-Invested Personal Pension Cashback Offer (10 February 2025 – 5 April 2025)
1. Subject to these terms and conditions, if you register for our HL Self-Invested Personal Pension (“SIPP”) Cashback Offer (the “Offer”) and apply to transfer existing pensions from other providers and/or make qualifying cash contributions into a new SIPP between 10 February 2025 and 5 April 2025 inclusive (the “Offer Period”), you will receive the following cashback depending on the amount you contribute and/or transfer:
| Amount paid in and/or transferred | Cashback |
|---|---|
| £10,000 - £99,999 | £100 |
| £100,000 - £249,999 | £250 |
| £250,000 - £499,999 | £500 |
| £500,000 - £999,999 | £1,000 |
| £1,000,000+ | £3,000 |
2. Eligibility: To qualify for the Offer, you must:
• be a UK resident;
• be aged 18 or over;
• not be an employee of any Hargreaves Lansdown group company or a member of any such employee’s
immediate family or household;
• not hold an HL Group SIPP as a member of an HL Workplace pension scheme;
• not be a client making a contribution to an HL SIPP or PMS SIPP via HL Advisory Services;
• register for the Offer by 11:59pm on 5 April 2025;
• apply to transfer or make qualifying cash contributions totalling at least £10,000 into a new HL
SIPP within the Offer Period; and
• comply with these terms and conditions.
3. Registration: You can register for the Offer by completing the online registration form, postal registration form, or asking us via Secure Message or telephone. If you do not register for the Offer within the Offer Period, no cashback will be paid. If you register for the Offer and we receive your qualifying transfer application(s) within the Offer Period, even if the transfer itself isn’t completed until after the Offer closes, you will still qualify.
4. Cashback Calculation and Payment: The total value of your cashback will be based on the cumulative value of qualifying pension transfers and contributions to your new HL SIPP made within the Offer Period. The maximum cashback payment you can receive under this Offer is £3,000. The cashback payment will be paid into your Loyalty Bonus Account by 30 April 2026 or within 8 weeks from the date your final qualifying transfer completes, if later. The payment date will be determined by us. The cashback can be kept in your Loyalty Bonus Account, withdrawn, or transferred to another of your HL accounts. If moved into an ISA or SIPP, this will count towards your annual allowance. The cashback will be funded by Hargreaves Lansdown, not from your own cash or investments, and we reserve the right to determine how cashback payments are calculated. If you're unsure how your transfers or contributions will be treated under the Offer, contact us before you apply or make a payment. By registering for the Offer and making a qualifying contribution within the Offer Period, you agree to be bound by the terms of this Offer.
• Transfers: Only transfers in of existing pensions from other providers will qualify for the Offer and be considered qualifying transfers to determine the value of your cashback payment.
• Contributions: Basic rate tax relief, employer contributions, interest, dividends and/or any increases in the value of the investments you hold will not be considered qualifying contributions.
5. Account retention: If you transfer any portion of your new HL SIPP away, make a withdrawal or close it, leaving your account balance lower than the minimum eligibility value, before 31 March 2026, the cashback will not be paid. The only exceptions are for tax-free cash withdrawals, annuity purchases brokered by Hargreaves Lansdown, drawdowns or UFPLS applications through the HL service. You are free to switch between investments and in and out of cash within your HL SIPP.
6. Transfer extension: If you need more time, you can complete the online extension form, call our Helpdesk or send us a Secure Message through your online account by 11:59pm on 5 April 2025 to extend the pension transfer deadline by six months (until 5 October 2025).
7. Contributions: Only cash contributions into your new HL SIPP will qualify for the Offer. Contributions can be made via cheque, debit card, bank transfer, or easy bank transfer. It isn’t possible to combine the value of transfers into other HL products or accounts with different client numbers for the purpose of this Offer. You should be aware of your annual allowances before adding money.
8. Exclusions: The following are excluded from the offer:
• Transfers of defined benefit/final salary pension;
• The lodgement of certificated shares;
• Contributions made via regular savings;
• Movements of investments or cash already held on the HL platform (including switches, transfers or
maturities between HL accounts and interest received on any assets held in those accounts);
and
• Transfers or contributions into any HL account other than your HL SIPP including into a PMS SIPP.
9. Conjunction with other offers: You may qualify for multiple offers launched during this Offer Period assuming you meet the eligibility criteria for each offer. If you have previously opted into an offer for which you are still eligible, which relates to the same product, we will assume that it is the first offer you wish to participate in. If you’re unsure about your registration or eligibility, please contact us to confirm your details.
10. Suspension or removal: We reserve the right to remove or suspend the Offer at any time and for any or no reason by posting a notice on our website. If the Offer ends early, all qualifying applications received before the notice will still be accepted. You can opt out of the Offer at any time by contacting our Helpdesk on 0117 900 9000.
11. Governing Law: These terms are governed by the laws of England and Wales and are subject to the exclusive jurisdiction of the courts of England and Wales.
12. Company Information: This Offer is provided by Hargreaves Lansdown Asset Management Limited (company number 01896481), whose registered office is 1 College Square South, Anchor Road, Bristol, BS1 5HL. References in these terms and conditions to “our”, “us” or “we” are to Hargreaves Lansdown Asset Management Limited.