Self invested personal pensions started in 1999 as a product available to UK consumers. The Self-Invested Personal Pension (SIPP) is essentially a pension wrapper that is capable of holding investments and providing you with tax efficient savings for when you retire. As a form of personal pension scheme they differ in several ways from a standard Personal Pension product. Presently, there are over 600,000 SIPPS in force in the UK. Anyone is eligible to have one, even Children can benefit from receiving Tax Relief.
Log in to comment or register here.