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SIPP stands for 'Self Invested Personal Pension'.

What does SIPP stand for?

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SIPP stands for Self-Invested Personal Pension. It is a type of pension scheme available in the United Kingdom. With a SIPP, individuals have more control over their pension investments compared to traditional pension funds. They can choose from a wide range of investment options, including stocks, bonds, and property. SIPP offers flexibility in terms of contributions and allows individuals to take tax-free cash lump sums from the age of 55. It is a popular choice for individuals who want to have more control and flexibility over their retirement savings.

SIPP stands for 'Self Invested Personal Pension'.
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