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A SIPP (Self Invested Pension Plan) is flexible and all about taking control of a pension savings plan that will generate an income for you any time after the age of 55 (50 before 2010).With a SIPP you can draw an income from your personal pension fund and continue working.

You can also draw up to 25% of your fund as a tax free cash lump sum and leave the rest invested until you need an income.

You can make contributions as and when you want, with tax relief at your current rate of tax. For example; if you are a 40% tax payer, for every