Self-invested Personal Pension |
| A type of UK personal pension that gives the policyholder more choice about the investments held. With a traditional personal pension, choice is limited to funds run by the insurance company. A SIPP holder can invest in the shares of any company listed on a stock exchange and certain other assets, bringing them all within the SIPP tax wrapper. SIPPs tend to incur higher charges than normal personal pensions making them more suitable for those with larger sums to invest. |
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