What is a SIPP?
Tax efficient retirement savings
A Self Invested Personal Pension (SIPP) is a tax efficient way to invest for your retirement or your child's retirement, which gives you control over where and when you invest.
A SIPP may not be appropriate for everyone, but for those with investment experience or the time to manage their own investments, it can be well worth considering.
Like all pensions, a SIPP offers tax relief on contributions.
The tax benefits will depend on your circumstances and tax rules are subject to change by the government. SIPPs are governed by HMRC rules covering how much can be invested in any tax year.
Choose a SIPP with Selftrade for:
- Flexibility – a choice of accounts
- Control – investors can set their own investment strategy and choose where and when to invest
- Portability – the rules for SIPP transfers are the same as those for personal pensions, meaning that it is generally possible for a SIPP to be transferred to an occupational pension scheme, personal or stakeholder pension. SIPPs can also accept transfers from various types of pension plan
Find out more
- See our free Guide to SIPPs, produced in association with Investors Chronicle
- Work out how much you should be putting aside for your pension with our pension calculator