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FINANCIAL GLOSSARY

UK personal pension and SIPP

A UK personal pension is arranged by the saver; a SIPP gives them more control over the investments held in the pension fund.

Definition

A UK personal pension is arranged by the saver; a SIPP gives them more control over the investments held in the pension fund.

Why this concept matters

It supports retirement saving outside or alongside a UK workplace scheme.

What to watch

Tax treatment, limits, charges, permitted investments and access follow UK rules.

Simple example

A person may contribute £250 a month to a personal pension invested for the long term.

Example currency : United Kingdom (GBP). The product's country takes priority over the interface language.

Availability and country

Country or system of origin
United Kingdom
Status
Product specific to the UK system
Access from France
A SIPP is governed by UK rules; access and tax treatment from France depend in particular on residence status and the provider.
French equivalent
Individual PER: a partial comparison with different tax and withdrawal rules.
Information checked on
Official source: GOV.UK ↗
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