Home » Glossary » SIPP


SIPP stands for self-invested personal pension (SIPP), a pension program that allows investors to save money for their retirement. Working as a personal pension, SIPP is actually very similar to a standard personal pension, with the key difference being that SIPP offers more flexibility on which investments you want to make. Hence, the biggest advantage of SIPPs is that it gives you control over your investments.

SIPP allows you to invest on your own or use the services of an authorised financial advise. If you go for the first option, SIPP lets you make endless changes to your investment plan. You can invest in UK and global stocks, trusts, collective instruments, property (via real estate investment trusts), etc.

In most cases, you won’t be able to access your money until you’re 55, or 57 from 2028. You can usually withdraw up to 25% from your account tax-free, while the rest of your withdrawals will be taxed as income.

Go back to our full glossary.