Hargreaves Lansdown has marked the company’s largest ever day of SIPP contributions on 4 April 2025.
Contributions were almost 2.9% higher than the previous record.
Three of the top ten biggest days for contributions, HL says, occurred in 2025, with two of them (4th and 7th April) occurring after President Trump’s tariff announcement.
This, the company says, reflects that SIPP investors are taking a long-term view without being swayed by current market turmoil, as well as taking action to build their retirement resilience in the most efficient way possible as the tax take continues to rise.
Helen Morrissey, head of retirement analysis, Hargreaves Lansdown, commented: “April is a busy time for pensions as people look to make the most of their allowances before tax year end, but three of the top ten days on record occurred in 2025 and two of them came after President Trump’s market shaking tariff announcements.
“Market volatility is always worrying but it’s important to take a long-term view of your pension. Taking knee-jerk reactions, such as stopping contributions, or changing investment strategy can mean you crystallise a loss and this makes it harder for your pension to recover when markets do settle down. It’s good to see investors keeping a calm head and carrying on.
“At a time when taxes are rising, and thresholds are frozen, people are opting to make the most of their money by contributing to a SIPP with tax relief available at their marginal rate. This means a £1,000 pension contribution costs a basic rate taxpayer £800 and a higher rate taxpayer £600. Added to this any growth is tax free and up to 25% of the fund can be taken tax free at retirement.”
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