Wahed Invest UK Wahed Personal Pension (SIPP)

Islamic Retirement & Pension in Northern Ireland

A Self-Invested Personal Pension invested in Wahed's Shariah-compliant managed portfolios, operated and administered by WealthKernel Limited with Wahed providing the portfolios and app experience. Contributions get basic-rate tax relief claimed automatically from HMRC (higher and additional rate via self-assessment), employer contributions are accepted, and partial or full transfers in from other registered schemes are supported (defined benefit transfers with safeguarded benefits are declined). Benefits accessible from age 55 (57 from April 2028) with up to 25% tax-free and Flexi-Access Drawdown available. An additional GBP 2.50 per month SIPP maintenance fee applies on top of Wahed's tiered wrap fee.

The Wahed SIPP answers the most consequential halal finance question for UK Muslims - what to do about pensions - with a workable, genuinely Shariah-governed product. Tax relief does the heavy lifting: an instant 25% top-up on basic-rate contributions dwarfs the fee drag. The gaps are sophistication, not compliance: there is no lifestyling, so a 60-year-old holds the same portfolio construction as a 25-year-old unless they manually de-risk, and the double fee stings under about GBP 10,000. Compare against NEST's Sharia Fund (if employed, via auto-enrolment at 0.3% AMC plus contribution charge) and Penfold's Sharia plan at 0.88% all-in before deciding where consolidated pots should live.