Why Clients add Gold to a SIPP or SSAS.
Physical gold has long been acknowledged as offering wealth protection over the long term and is often used to diversify and hedge a portfolio against market risks.
When bought via a SIPP (Self-Invested Personal Pension) or SSAS (Small Self-Administered Scheme) there is an added advantage that depending on the investor’s circumstances, the UK Government will pay up to 45% of the cost of your gold as an income tax rebate.
Additionally gold in a qualifying pension sees any gains accumulate free of CGT, where the normal rate is 28% of any gain.
With qualifying investment gold also being zero-rated for VAT, gold SIPP or SSAS investors can now effectively save up to 65% (up to 45% tax-rebate plus 20% VAT) when buying gold bullion inside a pension, versus other precious metals as part of a regular portfolio.
Little wonder savers with pensions are increasingly adding gold to their pension portfolios: diversification and protection with added real cost savings both at purchase and on eventual sale.
Adding gold to your pension? – check if you qualify for all the benefits: SIPP Checker.
This information is provided to help your understanding of “Investment Gold” within SIPPs and SSASs, however Regal Assets are not authorised under the Financial Services and Markets Act 2000 (“FSMA”) nor by the Financial Conduct Authority. We are therefore unable to offer advice on the merits of SIPPs or SSASs, nor are we able to recommend or endorse any particular SIPP administrator or to accept any responsibility for the services they provide.
Should you decide to work with Regal Assets as a provider of investment bullion suitable for your pension account we will assume you have made this decision on the basis of your own evaluation and from advice you may received from an FSMA authorised financial adviser.
Nothing on this website is intended to constitute legal or tax advice.