SIPP


Also found in: Medical, Acronyms, Encyclopedia, Wikipedia.

SIPP

(in the UK) a self-invested personal pension, a pension plan that enables the holder to choose and manage the investments made
References in periodicals archive ?
You put money into your SIPP as and when you like, and the Government pays in an extra 20% in pension tax relief.
You can make regular and one-off payments into your SIPP and, like other pensions, the British government will give you up to 46% tax relief on the amount you pay in.
CAHL in turn owns 70% of Carey Pensions UK LLP, offering SIPP administration products to the UK market, and 80% of Carey Corporate Pensions UK Ltd., offering auto-enrolment workplace pensions solutions to UK based SMEs.
The SIPP is a list of activities that will be given priority fiscal perks by the Board of Investments (BOI) once the Trabaho bill is enacted into law.
The difference, in this case, is that the SIPP will apply to all investment promotion agencies, such as the Philippine Economic Zone Authority (Peza).
The SIPP is a three-year plan which lists down qualified sectors and industries that are eligible for the rationalized incentives menu proposed under the TRABAHO Bill.
Carey's UK SIPP business has over 4,000 members and is expected to deliver revenue of approximately GBP 1.8m for the year ending 31 December 2018.
According to DOF's Chua, the book publishing industry will be included in the SIPP after "an evaluation process." If included in the SIPP, the book industry may enjoy more perks under the proposed single menu of incentives in the Tax Code, like the income tax holiday, special rates and additional deductions, Chua added.
Like other clients, he was encouraged to pay into the scheme through a self-invested personal pension, or SIPP.
Labour MP Frank Field has hit out at the SIPP conmen and vowed to bring the industry into line whilst industry experts reveal the true figure of mis-selling is growing at an unprecedented rate and the true loss of mis-selling will run into billions as the number of victims rocket.
There is a case rolling through the legal process that could, it has been suggested, open the door to more than 1,000 claims, with the wider implication that fees for arranging a SIPP might soar.
Unlike defined benefit pensions which are run by a pension scheme that is engaged by an employer, or a personal pension run by a life assurance company, which have investment managers within those institutions, a SIPP, as its name suggests, is a pension which gives the investor control over how the money is invested.