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Frequently asked questions

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Self-invested personal pensions (SIPPs) are a tax-efficient way to save for retirement.

SIPP Investments
Include any ISA transfers

Frequently Asked Questions

What is a SIPP?

A SIPP is a do-it-yourself pension where you take on full responsibility for investing your pension contributions to fund retirement. With standard workplace pensions a pension company usually chooses and manages investments for you based on factors such as your age.

You will often see a SIPP referred so as a ‘wrapper’ to hold your investments in (the same way an Investment ISA is referred to as a ‘wrapper’), this just means investments in your SIPP are protected from the normal taxation rules you would have to follow if you were just investing in a general account. SIPPs have tax incentives designed to encourage people to invest for retirement.

SIPPs are also a good option for people who want to consolidate all pensions into one place before they retire, making it easier to manage.

If you are unsure if a SIPP is right for you, speak to a regulated financial adviser.