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What is a SIPP?

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Cameron James
What is a SIPP?

The full form of SIPP is the self-invested personal pension which is usually a pension scheme approved by the UK government, accumulating a pension fund in a tax-efficient way. This can offer greater control and flexibility of how the investments are made and when the benefits are taken.

This scheme allows individuals to make their own investment decisions and the fact that they can choose from several different investments. Unlike the other traditional pension schemes, SIPP schemes can offer greater control over where the money is invested. This pension scheme can provide the policyholder with a great choice and flexibility as to the range of investments made and how those investments are managed and the administration of assets and how the retirement benefits are taken.

There even comes the momentum international SIPP, a scheme available to the people residing outside the UK. This gives the ability to invest the pension fund in a wide range of different types of assets.

This is a pension wrapper that is capable of holding the investments. It provides the investor with the same tax advantages as that of the other personal pension plans.

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Cameron James
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