Glossary · UK
What is SIPP?
Self-Invested Personal Pension — a personal pension you control.
Full Definition
A SIPP (Self-Invested Personal Pension) is a personal pension where you choose where to invest your contributions — across shares, funds, ETFs, investment trusts and (in some SIPPs) commercial property. SIPPs offer the same tax relief as workplace pensions: basic rate added automatically by HMRC, higher/additional rates claimed via Self Assessment. The 2025/26 Annual Allowance is £60,000 (tapered down for high earners). Common providers: Hargreaves Lansdown, Vanguard, AJ Bell. Platform fees range from 0.15%–0.45% annually.
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Disclaimer: Definitions are for guidance only. For decisions about your tax, savings, property or pension situation, always consult a qualified professional or refer to gov.uk.