SIPP
A self invested personal pension, or SIPP, is a type of DIY pension.
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.
Money invested in a SIPP, which gets generous tax breaks, can be put into anything from a fund to commercial property. You can also use SIPPS for a much wider range of investments, including wine and antiques.
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
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Revolut launches its first stocks and shares ISA with BlackRock and Vanguard ETFs
A 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