What are Self-Invested Personal Pensions (SIPPs)?

SIPPs are a specialist type of personal pension that gives more flexibility over where to place your money by providing access to a wider selection of funds to invest in. Therefore, if you are comfortable with taking a higher associated risk, you can make your own investment decisions.

What could you invest in?

Within the limits of the scheme, you could choose to invest directly in anything from individual shares to property, picking the investments yourself rather that having your provider doing this for you. 

With any form of investment, the value can go down as well as up and so you may not get back what you put in.

SIPPs have the same tax benefits as other types of Individual Pensions.

Charges on SIPPs may be higher than for other types of individual pensions and will depend on the types of investments you hold and the size of the fund.

SIPPs have the same tax benefits as other types of Individual Pensions and you could receive tax relief on the contributions, up to a certain limit.

More information

As a SIPP is a complex product, you should talk to a financial adviser for further information.

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