Self-invested Pension Plan

Self-invested Pension Plan
Self-invested Pension Plan ( SIPP)
A personal pension where the person saving for their retirement is given the flexibility to make their own investment decisions

Financial and business terms. 2012.

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  • self-invested — UK US adjective UK (US self directed) FINANCE ► used to describe a type of pension for which a person makes their own investment decisions: »A few years ago he moved all his various pension plans into a self invested pension plan known as a SIPP …   Financial and business terms

  • self-invested personal pension — (SIPP) A personal pension scheme where the member, and not the pension plan provider or trustees, determines the investment strategy. Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 …   Law dictionary

  • Self-invested personal pension — A Self Invested Personal Pension (SIPP) is the name given the type of UK government approved personal pension scheme, which allows individuals to make their own investment decisions from the full range of HM Revenue Customs (HMRC) approved… …   Wikipedia

  • Canada Pension Plan — The Canada Pension Plan (CPP) is a contributory, earnings related social insurance program. It forms one of the two major components of Canada s public retirement income system, the other component being Old Age Security (OAS). Other parts of… …   Wikipedia

  • self-directed — ˌself diˈrected adjective [only before a noun] 1. FINANCE a self directed pension is managed by the employee rather than his or her employer, and allows the employee to sell or move any investments they have in the company they work for: •… …   Financial and business terms

  • Pension system — Pension systems in various countries= *Canada Pension Plan *Chile pension system *Superannuation in Australia *Social Security (Australia) *Indian pension system *Social security (Sweden) *Retirement plans in the United States *Social security… …   Wikipedia

  • Pension — This article is about the retirement income arrangement. For the type of lodging, see Pension (lodging). For the mortgage repayment scheme, see Mortgage loan. Financial market participants …   Wikipedia

  • Pension provision in the United Kingdom — UK Pension Provision falls into seven major divisions; Basic State Pension, State Second Pension (S2P), Occupational Pensions, Stakeholder Pensions, Group Personal Pensions and Personal or Individual Pensions. Personal Accounts automatic… …   Wikipedia

  • Pension Protection Act of 2006 — The Pension Protection Act of 2006 ( [http://frwebgate.access.gpo.gov/cgi bin/getdoc.cgi?dbname=109 cong public laws docid=f:publ280.109 Pub. L. 109–280] ), 120 Stat. 780, was signed into law by U.S. President George W. Bush on August 17,… …   Wikipedia

  • Retirement plan — A retirement plan is an arrangement to provide people with an income, or pension, during retirement, when they are no longer earning a steady income from employment. Retirement plans may be set up by employers, insurance companies, the government …   Wikipedia

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