International Self Invested Personal Pensions
An International Self Invested Personal Pension [SIPP] is a UK government recognised personal pension scheme that allows you to take control of your own investment decisions as you save for your retirement.
International SIPPs provide significant choice and flexibility regarding investments, tax benefits and currency choice. If you no longer live in the UK, an International SIPP allows you to transfer and consolidate benefits from UK-registered pension schemes easily and efficiently, while still protecting you under UK regulations.
Transferring your UK pension can have a significant impact on the tax you pay, when you can access your pension benefits, the lump sum value you’re able to withdraw, and how your family can benefit from your pension funds. It's therefore important to understand your options and take expert advice, to ensure that you can make an informed decision about your UK pension.
What are the benefits of an International SIPP?
- An International SIPP is UK-regulated and will continue to work for you, whether you live abroad or return to the UK.
- You can consolidate all of your fragmented pensions into a single International SIPP for cost effective investment management and administration.
- 100% of your funds will be passed to your beneficiaries if you die before age 75 and a marginal rate of UK income tax will apply to your beneficiary if death occurs after age 75. If you have a Defined Benefit or Final Salary pension, your spouse will only receive a reduced benefit and your children could receive no benefit.
- You have the ability to be involved in how your pension funds are invested.
- You can hold and invest your funds in any currency.
Transferring your UK Pension to an International SIPP offers multiple potential benefits and greater flexibility and control, but if you are transferring a UK Defined Benefit Pension it's important to understand that you will be giving up a guaranteed income for life and taking on the management of your investment risk. It’s therefore extremely important to seek advice from a dual-qualified financial advisor to establish whether this would be the right option for you, dependent upon your individual circumstances.
Please note that UK state pension benefits and certain unfunded Government pensions [such as NHS pensions] cannot be transferred.
How can we help you?
- This initial consultation is designed around you. It's free of charge and there's no need to fill in any paperwork ahead of the meeting, which normally takes about 30 minutes.
- The dual-qualified financial advisor will get to know you, discuss your commitments and priorities, and explore with you your medium and long-term aspirations and goals.
- They will explain how they work and walk you through our simple fee structure.
- Your follow-up Planning Call will take between 60 and 90 minutes.
- It's an opportunity for your advisor to get a more detailed understanding of your current circumstances and to enable them to put together their detailed proposal for you.
- With your permission, we'll get in touch with each of your pension providers, in order that you and your advisor have a detailed and up-to-date understanding of your current arrangements.
- With this information, your advisor can now start to explore the different ways in which they can help you to maximise your pension benefits and income.
- Your advisor will analyse the information you've provided during your Planning Call and the information we've received from your current providers, to prepare your proposal - with details of recommended products and solutions; how they will benefit you, and any associated risks.
- The presentation of proposal and recommendations will take around 60 minutes.
- If you're happy with the proposal and recommendations, your advisor and our award-winning client services team will start putting it into action for you.
- We pride ourselves on providing exceptional service and we're committed to being your trusted partner at every step of your journey, no matter where you are in the world, and wherever you choose to work and retire.
- Your dedicated financial advisor will meet with you to review your arrangements on an annual basis, to ensure that they remain aligned with your evolving needs.
Meet the Team
As international pension experts, our dual qualified financial advisors can help you to understand your options, and whether transferring your UK Pension to an International Self Invested Personal Pension is the right choice for you.
E-Guides
Download any of our free E-Guides to get valuable insights into a range of wealth management, financial and retirement planning topics and solutions that we would be delighted to discuss further with you.
Please complete the form below with your details and we will get back to you as soon as possible.
