A self invested personal pension, or SIPP, is a type of DIY pension. As the name suggests, rather than using a specific fund company and buying an off-the-peg pension from them, you manage your own savings, choosing exactly when and where you will invest the money you hold in your pension.
The SIPP is effectively a tax-efficient wrapper for your pension investments. You can build up the portfolio yourself or hire an expert to run a bespoke scheme on your behalf.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Millions of over 50s fear pension investment risk – how should you position your portfolio?To de-risk or not to de-risk, that is the question. Act too late and you could face irreversible losses. Move too early and miss out on significant gains that could transform your retirement.
-
£150 off energy bills: millions more to get discount this winterThe expansion of the Warm Home Discount scheme follows a government U-turn on the Winter Fuel Payment. We explain who will get the £150 discount
