Business Terms and Jargon Explained

What is SIPP

Is an abbreviation for “self-invested personal pension”. This allows a person to create and manage his own pension from approved HMRC instruments i.e. stock and bonds. They manage their own portfolio rather than a pension fund manager. There is a limit to the amount that can be added to the portfolio annually tax-free and any profit or dividends is tax-free and stays in the fund until it matures. As this is a long term strategy the limits and law may change over time.

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Term created / updated 2020-10-06 16:09:17

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