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Which? Recommended Provider for Self-Invested Personal Pensions

“A simple way to invest, at a fraction of the cost of its rivals”

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What is a Vanguard Personal Pension?

It’s a flexible low cost pension that could help your retirement savings go further. Whether you’re just starting to save, or you’re already retired, our low costs mean you keep more of your money. 

As with other pensions, the government will give you tax relief on your contributions, which makes it a tax-efficient way to grow your money. 

The Vanguard Personal Pension is a Self Invested Personal Pension (SIPP) where you control how you want your money to be invested. Then when you turn 55 you can start to enjoy your savings (this is going up to  age 57 from 2028).

Why choose our Vanguard Personal Pension


If you’re a hands-on investor you can build your own portfolio using our individual funds.

You can choose from a wide range of fund types to suit your investment style and attitude to risk.

View our funds

Over 45 years of experience

We’ve been taking a stand for investors for over 45 years. Now over 50 million clients worldwide invest with us for their future.

Learn more about Vanguard

Low cost

We keep our fees low so you keep more of your returns.

Learn more about our low fees

Two ways to invest


Compare how you want to invest

You can manage your investments yourself, or let us do it for you. Here’s a quick comparison of the 2 options.

Do it yourself
We do it for you
24/7 access to your investments
UK-based customer service team
Which? Recommended Provider for Investment Platforms
No hidden charges or exit fees
A personal risk profile based on how you feel about risk
Choosing your funds
You pick from our range of over 85
We pick for you based on your risk profile
Managing your portfolio
You manage your portfolio yourself
We regularly monitor your portfolio and make changes when needed
Personalised guidance from our investment experts
You can pay into your pension from business accounts and other Vanguard accounts
Only after your account has been opened
Drawdown available
Currently for retirement savers only
Account fee
0.15% of your investments per year
0.15% of your investments per year
Fund fee
From 0.06% per year, depending on the funds you choose
Typically 0.16% per year
Management fee
0.30% per year
Total fee
From 0.21% per year depending on the funds you choose
0.61% per year

Work for yourself? 

We created our Vanguard Personal Pension with the self-employed in mind. It gives limited company directors, sole traders and partnerships the chance to save for retirement in a tax-efficient way. 

Learn about the benefits for the self-employed

Are you on track for your retirement?

Use our pension calculator to get an idea of how much you should save to get the retirement you want.

Try our pension calculator


Save for retirement and save on tax

Paying into your pension is a tax-efficient way to save, whether you're employed or self-employed.

Tax relief on your contributions

When you pay into a pension, the contribution that would normally end up as tax goes towards your retirement instead.

25% tax free lump sum

When you start taking money from your pension you can usually take up to 25% tax free. The maximum tax-free cash you can take from all your pensions is £268,275.

Benefits for the self-employed

If you're a company director, you could benefit from making pension contributions from your business account.

Tax-efficient growth

Investing in a Vanguard Personal Pension is a tax-efficient way to grow your money for retirement. 

Enjoy extra pension peace of mind

We make investing straightforward by choosing and managing your funds for you. All tailored to how you feel about risk.

Learn more


Bring all your pensions together in a transfer

If you have old workplace pensions all over the place, you could make life simpler, and potentially save money, by transferring them to us. 

With no minimum pension transfer value, it does not matter how big or small your pension is. 

Learn more about transfers

Pension drawdown without the drawbacks

We do not charge any extra fees when you start to take money from your pension. Everything's included in our standard 0.15% account fee.

Learn more about drawdown


Could our Personal Pension be the right choice for you?

Have another question?

Search our FAQs, ask chatbot or send us a message.

Go to help and support

We bring value to 50 million clients all over the world

Would you like to join us? It’s quick and easy. You can open a Personal Pension in 10 minutes.

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Still not sure?

Get free and impartial guidance from the government's MoneyHelper service.

Go to the MoneyHelper website

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