Wahed SIPP Powered by
WealthKernel Limited
Don’t leave your retirement to chance with a self-invested personal pension using Wahed portfolios.
Start contributing towards your future in a riba-free way.
Pensions made easy
Take the complexity out of pensions
Take control of building
towards your retirement in a way that
stays true to your values
Be in control of building “enough”
Take the reins to supplement your state pension and any workplace pensions.
Peace of mind
from being Riba-free
Opt for proven portfolios with a rigorous commitment to Shariah compliance.
£100 contributions could make the difference at retirement
Steady pension contributions, even if modest, have the potential to accumulate substantially over time through the power of compounding.
Starting early gives contributions more time to potentially benefit from long-term growth.
For illustrative purposes only. Returns are not guaranteed.
Figure demonstrates £100 monthly contributions, compounding annually at a rate of 7%, 10 years apart over 40 years.
Delayed pension contributions could lead to delayed regret
The key to harnessing the potential of compounding is giving pension contributions as much time as possible to grow.
Every year delayed is a year of potential opportunities missed for contributions to grow.
Contributions from the Government
Boost your pension with tax relief top-ups. The government contributes on top of your contributions, so you get more invested for retirement without the full cost coming from your own pocket.
Riba-free investing for the future
Peace of mind knowing your pension contributions are disengaged from Riba. Invest in your future while staying true to your values, ensuring your retirement years remain Riba-free.
Wahed SIPP Powered by
WealthKernel Limited
A Personal Pension with Wahed is a SIPP (Self-Invested Personal Pension) that invests in Wahed's very own Shariah-compliant investment portfolios. It's a private pension, different from the state pension or workplace pension, where you choose how much to contribute and where the contributions are invested.
Simple management of your investments
Manage your Wahed
investments and pension in one place.
Portfolios trusted by 400,000+ Wahed customers
Personal Pensions access the same diversified portfolios used for general investments.
Shariah by default, furthering the mission of riba-free
Ongoing screening to ensure permissible returns, fuelling a mission to eradicate
Riba.
Frequently Asked Questions
UK taxpayers will get tax relief on their contributions at their highest marginal rate of tax. Basic-rate taxpayers automatically get 20% relief; higher and additional rate relief can be claimed through self assessment.
Contributions may receive tax relief from HMRC (subject to eligibility). No tax applies while your pension savings remain invested. From age 55 (rising to 57 from April 2028) you can usually take up to 25% of your pot tax-free, and the rest is taxed at your marginal income tax rate when withdrawn, including drawdown withdrawals after the tax-free portion.
Yes, you can open and contribute to multiple personal and workplace pensions simultaneously. Within Wahed, you can also create multiple investment accounts as part of your personal pension.
When you deposit, WealthKernel Limited notifies HMRC and claims the basic-rate tax relief, which is credited to your account once received. If you’re eligible for higher or additional-rate relief, you can claim it via self-assessment.
The SIPP suits those wanting to take control of retirement planning in a Shariah compliant way.
Yes. WealthKernel Limited allows benefits to be taken through Flexi-Access Drawdown. Members can use some or all of their pension fund to set up drawdown, take up to 25% tax-free (subject to HMRC rules), and withdraw income as needed.You must obtain advice from an FCA-regulated financial adviser with appropriate permissions before taking any pension benefits.
Yes. WealthKernel Limited may accept transfers of all or part of the benefits from another registered pension scheme or recognised overseas pension scheme into the SIPP.
Transfer is from a scheme with safeguarded benefits (e.g. defined benefit/final salary schemes) and where we believe you would lose guarantees or promises attached to the existing scheme.
At retirement, you are free to withdraw as much of your money as you like. You can usually take up to 25% as a tax-free lump sum. You can leave the rest invested and/or start to take partial amounts (known as flexible drawdown) which will be taxed at your marginal rate of tax as it will be treated as income.
Benefits can normally be accessed from the Pension Date, which cannot be earlier than age 55 (changing to 57 from Apr 2028), unless you have a protected pension age or qualify on grounds of ill health.
Yes. Employer contributions are accepted as a one-off lump sum and/or regular payments. Employer contributions are paid gross and any tax relief is claimed by the employer through its own tax arrangements.
Potentially, yes. Contributions count towards HMRC pension limits, including the Annual Allowance and, where relevant, the Money Purchase Annual Allowance (MPAA). You are responsible for ensuring contributions remain within HMRC limits and for any resulting tax charges if limits are exceeded. Contributions could affect certain forms of lifetime allowance protection so it's important to seek Financial Advice before investing into a SIPP if you have any protection.