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Investing essentials

2 July 2026

SIPP vs ISA

Stocks and shares ISAs and Self-invested personal pensions (SIPPs) can be ideal wrappers for holding investments in shares and funds. Learn about SIPPs vs ISAs here.

8 min read
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Building your portfolio

Jargon buster

Bond

A type of investment in which you lend money to a company or government. In return you get interest payments and repayment of the money you lent at the end of a specific term. The interest rate and term are set at the start of the investment.

Investing in bonds is generally considered safer than shares. But there are still risks, primarily default risk (i.e. the company or government becoming insolvent), inflation risk, and the risk that interest rates rise over time.

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