Definition of SIPP
Self-Invested Personal Pension. A SIPP is a type of DIY personal pension where you pick the investments yourself. The permitted range of investments for SIPPs include stocks and shares on the world's major stock exchanges, investment trusts, unit trusts, OEICS, gilts and even commercial property. There were plans to allow investment in residential property, i.e. buy-to-let, and other assets such as wine. However, the government backtracked on these proposals and now only allows indirect investment in such assets, through a fund for example.
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