SIPP contributions hit record as members take the long-term view – Hargreaves Lansdown

4th April was the biggest day ever for contributions to the Hargreaves Lansdown SIPP, analysis from the firm has revealed.

Hargreaves Lansdown found that during this period, contributions were almost 2.9% higher than the previous record.

In fact, three of the top 10 biggest days have already occurred in 2025, with two of them (4^th and 7^th April) occurring after President Trump’s tariff announcement.

According to Hargreaves Lansdown, this increase in activity suggests that SIPP investors are taking a long-term view without being swayed by current market turmoil.

In addition, they are also 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 at Hargreaves Lansdown, said: “The HL SIPP had its biggest contribution day on record on April 4^th as investors shrugged off market turbulence and took the long-term view to their retirement planning.

“Contributions were almost 2.9% up on the previous high.

“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.”

Morrissey added: “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 your 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.”