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Specialist deposit solutions for

SIPP & SSAS pension funds

Plan for your clients’ retirement easier with our range of straightforward SIPP and SSAS pension deposit accounts.  

Operating a pension scheme is about diversification. Whether you’re seeking easy cash withdrawals for flexibility or fixed savings for more longer-term certainty – or both – our deposit accounts help cash to become a key part of an existing pension arrangement. 

Questions, or need some help getting started? Get in touch with our dedicated team. 

We are open 9am-5pm, Monday-Friday, excluding bank holidays. 

Our specialist deposit accounts

This account allows operators and administrators of SIPP and SSAS pension funds to invest funds as cash on behalf of their clients. 

This offers competitive low-risk returns as well as improved flexibility and liquidity planning – especially useful when the scheme members near retirement. 

Proud to work with some of the UK’s most innovative providers. 

How it works

For SIPP:

  • You can place between £25,000 and £5,000,000 of your clients’ pension 

With a SSAS:

  • One scheme is allowed per company, and membership’s capped at 11 people 
  • A dedicated specialist deposits team member will be with you every step of the way, ensuring you have all the information you need 
  • Deposit £25k to £5m across a range of accounts, from easier access to longer-term fixed deposits 
  • Choose from our available accounts, length of any notice and when you’re paid interest (or get in touch if you need something different) 
  • Start your application and tell us about the pension scheme here.

Get started

This account might be right for you if: 

  • You have an existing SIPP or SSAS pension and authority to administrator it 
  • You need a flexible pension deposit account – for a client or your employees – that allows you to choose how much to invest, and what in 
  • You’re a SSAS group looking to earn interest on your accumulated funds 

Good to know: 

  • We’ll need to verify your organisation, scheme administrator and its trustees/members, key stakeholders and those accessing the account, as well as evidence of the scheme registration with HMRC  
  • You can allow up to 4 users to access the account. 

Reach out to our specialist deposit solutions team by calling 020 7862 3010 or emailing them here.

We’re open from 9am-5pm, Monday-Friday, and closed on bank holidays.

Why save with Hampshire Trust Bank?

Using cash to reduce risk

Whether you administrator Small Self-Administered Schemes (SSAS) or Self-Invested Personal Pensions (SIPP), cash deposits help diversity and offer flexibility in how the pension savings are invested.  

By safeguarding a portion of the funds by holding the money as cash can reduce risk and increase liquidity as your members near retirement age. 

This also aids financial planning as funds can be spread across any of our specialist savings accounts, ranging from easy access to five years fixed. 

Competitive rates with stability in mind

 We review our market rates regularly to ensure our pension clients, their clients and scheme members enjoy the best returns possible to unlock the best retirement possible. 

With rates like ours, cash deposits are a rewarding and low-risk alternative to stocks and shares or other investments. 

And, as a regulated UK bank trusted with over £3.2bn of deposits, you’ll have the strength of our experience and capital position behind you.   

Personal specialist service

Working with us is convenient and at your pace. You’ll get access to our dedicated experienced specialists who understand pension liquidity and are able to help with anything else you need.

HTB 2024 Feefo Platinum Trusted service award

Surprisingly simple to start

It’s never been easier to open a pension deposit account – just talk to our specialist team or start your application with us here.

We’ll get things going and keep you updated every step of the way.

Frequently Asked Questions

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  • General:
    • Are pension funds protected by your FSCS protection?

      • Pension providers typically spread cash across a number of carefully selected banks, each of which will likely be separately covered under the FSCS. Any eligible deposits held with us by eligible SIPP or SSAS operators will likely be covered by the FSCS up to the current £85,000 limit – speak to your pension administrator directly if you have any questions about this.

    • Can I withdraw cash from my SIPP or SSAS at any time?

      • Deposits are kept in cash by us and availability will be dependant on the accounts you have with us. Please contact your specialist to find out more about your specific account. 

    • I have a pension, can I open a pension account with you directly?

      • Our pension savings accounts are not for individuals, and must be opened through the operators or administrators of the pension fund. SIPP and SSAS can be complicated products to understand so we suggest you seek independent financial advice before making any decisions.