Meaning of “SIPP” in the English Dictionary

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"SIPP" in Business English

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SIPPnoun [ S ]

uk us FINANCE

abbreviation for Self-Invested Pension Plan: a type of UK pension for which a person makes their own investment decisions:

If the property market crashes, it could seriously damage a SIPP holder's retirement income.

(Definition of “SIPP” from the Cambridge Business English Dictionary © Cambridge University Press)