A SIPP (Self Invested Personal Pension) helps you provide more control over your investment of retirement planning in the UK. A SIPP is a type of pension with tax-efficient retirement savings account for people to make their own investment decisions. It provides a cheap and flexible way of saving for your retirement and they can control where their money goes and how it grows. How does a SIPP work? Mostly a pension company doesn’t give the flexibility for the policyholder to decide where they want to invest and it is difficult to understand or see where you are invested. On the other hand, a self-invested personal pension SIPP allows you to do more with your money and most importantly this is one of the most tax-efficient ways of saving for your retirement. It allows you to control your investments with a wider range of options and opens the doors to more opportunities.