What are SIPPs? - Self-Invested Personal Pensions

A self-invested personal pension (Sipp) is a type of private pension arrangement.  Unlike other pension schemes, a Sipp normally gives you the freedom to choose from a number of investments including stocks and shares, investment trusts, commercial properties and national savings products.

A Sipp offers a more flexible approach to investing while still providing the same tax advantages as other private pension plans.  You have complete control over your investment strategy, although you can also appoint a fund manager to deal with it for you.

Sipps are usually most suitable for people who are willing to accept a higher level of risk with their investments as well as a higher level of charges.  An IFA or financial adviser will be able to review your personal circumstances and assess whether a Sipp is the right pension plan for you.  Find a financial adviser here.

Questions you might like to ask an IFA financial adviser…

  • Can I move my investments around? 
  • How much will the pension provider charge me?
  • How many types of fund can I invest my money in?
  • Which tax advantages could I benefit from, when I invest in a pension?