Gold & SIPPs

What is a SIPP?

Self-Invested Personal Pensions (SIPPs) are a highly tax-efficient way to save for your retirement. While traditional pensions tend to limit investment choice to specific funds, SIPPs allow you to choose your own investment and invest in areas which have long-term value, such as physical gold. If your specific SIPP doesn’t support gold investment, it’s possible to open several simultaneously for greater flexibility.

You can receive up to 45% tax relief on your contributions for the tax year, with no capital gains tax and no UK income tax to pay, depending on your circumstances. You can start withdrawing money from an SIPP from the age of 55 onwards, and properly managed these pensions can provide a comfortable retirement arranged on your own terms, with much more freedom than other forms of pension investment. Gold bullion is the only physical commodity allowed in a SIPP.

WHY USE GOLD AS A PENSION INVESTMENT?

Investing in physical gold for your SIPP has several benefits. Income tax rebates and tax breaks mean that SIPP investment is one of the most tax-efficient forms of investment in an already tax-efficient commodity, and physical gold’s relative stability as a form of investment means that it carries less risk than the more restricted investments of more traditional pension funds.

However, your SIPP investment will work slightly differently to physical gold bought for regular investment. Your pension fund will own your gold, meaning that control of investment is more limited. SIPP funds will also have admin fees, although they’re usually fairly small.

POINTS TO CONSIDER

TAX RELIEF
When you invest in gold as part of your personal pension, you are entitled to up to 45% tax relief on your contributions and any gains you make are free from Capital Gains Tax.
INSURANCE AGAINST VOLATILITY
Gold represents a safe-haven asset, especially in times of economic, social and political instability – such as those being experienced in the Euro zone and China. Adding gold to your pension provides stability and balance, as well as good returns.
FLEXIBLE & EASY TO LIQUIDATE
If you decide to add to or make withdrawals from your pension fund, gold is quick and simple to transfer or liquidate, buying and selling in large quantities or as little as a single gold bar at a time.
SAFELY STORED & INSURED
Your pension gold will be allocated in your name, securely stored (separately from our other clients’ gold) in the London Bullion Market Association approved depository and fully insured by Lloyd’s of London.