What is a SIPP? SIPPs Explained
So, what is a SIPP? A Self Invested Personal Pension (SIPP) is a type of pension plan that you can set up alongside any existing pension plans you already have in place, with a view towards building a significant retirement pot over a long period.
Designed to make saving for retirement that little bit easier; you may invest 100% of your net earnings up to £50,000 into a SIPP in the current tax year (2013/14), with the government offering tax relief on every contribution (see below). As is true among all investments of this nature, the more you put into a SIPP, and the longer you keep it in there; the more compound interest you will build up over time.
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