Self Invested Personal Pension (SIPP)

A SIPP is a type of personal pension plan.  It works in the same way for contributions, tax relief and eligibility.  However, the main difference is that the SIPP has a more flexible approach to investments.

A SIPP allows the plan holder much greater freedom in what to invest in and for the plan to hold these investments directly.  The plan holder can have control over the investment strategy or can appoint a fund manager or stockbroker to manage the investments.