SIPP

(redirected from self-invested pension plan)
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SIPP

Self-invested pension plan. A UK pension plan funded by income from monies earned outside of NHS employment.
References in periodicals archive ?
Richard Crathorne, a partner at Curry and Partners' Sutton Coldfield branch and member of the Association of Residential Letting Agents, said: "Despite the fact that the Chancellor has killed off residential investment using self-invested pension plans, landlord interest in property is still buoyant.
This is in part due to low interest rates and a lack of confidence in other forms of investment, but also to changes to the self-invested pension plans (SIPPs) which come in next month, and there's a rush to buy before restrictions on investment in commercial
We are, on the tin, independent financial advisers, that's what we're qualified to do, but really all we focus on is two things - self-invested pension plans (SIPPs), and alternative investments,' he says.
Adrian Turner, chief executive of the Association of Residential Letting Agents (Arla) said: "It is notable that the upward trend began well before last month, when the Chancellor killed off residential investment using self-invested pension plans.
Arla chief executive Adrian Turner said: "It is notable that the upward trend began well before last month when the Chancellor killed off residential investment using self-invested pension plans.
Next year's deadline for Self-Invested Pension Plans (Sips), which will make it harder to include commercial property, has added to demand," Mr Walker said.
This is in part due to low interest rates and a lack of confidence in other forms of investment but also to changes to the self-invested pension plans (SIPPs) due next April, and there's a rush to buy before restrictions on investment in commercial property.