What Does SIPP Stand For?
SIPP stands for Self Invested Personal Pension
SIPP, or Self Invested Personal Pension, is a type of retirement savings plan that allows individuals to have more control over their investments. With a SIPP, individuals can choose from a wide range of assets, including stocks, shares, bonds, and commercial property, enabling them to tailor their pension investments to their personal financial goals and risk tolerance. This flexible approach not only promotes greater investment engagement but also potentially enhances retirement income. SIPPs are subject to specific tax regulations and contribution limits, making them a strategic option for those seeking to maximize their retirement savings.
Added on 14th April 2008 | Last edited on 17th June 2025 | Edit Acronym