| Easy access and notice savings accounts can be used to hold the cash element of a Self Invested Personal Pension (SIPP), providing a place to hold pension cash while earning interest. These accounts are designed for SIPP trustees to manage pension funds that are not currently invested. |
| Easy access SIPP cash accounts allow funds to be added and withdrawn as required by the SIPP provider, while notice accounts require a set notice period before withdrawals are made. The appropriate account type will depend on the SIPP provider’s operational and cash management requirements. |
| These accounts are specifically for use within a Self Invested Personal Pension and are not personal savings accounts. They are opened and operated by SIPP trustees in accordance with pension scheme rules and provider instructions. Individual pension savers cannot open or operate these accounts directly. |