SIPP accounts are currently offered on a Beta basis and are available only to a limited number of users for testing purposes. During this period, features, functionality, and availability may be subject to change or withdrawal without notice.
We will announce when SIPP accounts become available to eligible UK-resident clients of Trading 212 UK Ltd.
If you're a high-income earner, the standard annual pension allowance of £60,000 might not be applicable to you. A Tapered Annual Allowance applies if you meet both of the following conditions:
- Your threshold income is more than £200,000.
- Your adjusted income is more than £260,000.
If you meet both criteria, your annual allowance is reduced by £1 for every £2 your adjusted income goes above £260,000. The maximum reduction is £50,000, meaning you will always retain a minimum annual allowance of £10,000.