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
-
Revolut launches its first stocks and shares ISA with BlackRock and Vanguard ETFsA year after getting its UK banking licence, Revolut is now launching its first stocks and shares ISA with a suite of exchange-traded funds (ETFs) from BlackRock and Vanguard.
-
What does Trump’s ‘Big Beautiful Bill’ mean for the US economy?Donald Trump’s budget bill will slash taxes, but is expected to add at least $3 trillion to US national debt
