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Pensions glossary

Self-invested personal pensions (Sipps)

Self-invested personal pensions (Sipps) are a way of saving for retirement that puts you in control of your investments.

These benefit from the same tax incentives as standard pension savings plans, but offer a greater flexibility in what can be invested in.

From April 6th 2006 (labelled A-Day) the number of investment options with Sipps increased and far more money can be placed in them.

Sipps can be managed by the saver - either online or by more traditional methods - allowing them to switch in and out of investments and have access to up-to-the-minute valuations for their pension funds.

Sipps can include UK and many foreign stocks and shares, gilts, commercial property and land, unit trusts, investment


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