Sharps Pixley Gold For Pensions
Physical gold is a proven safe haven asset that has historically retained its value against infation providing long-term protection for your pension.
Since 2014, following the announcement by the Financial Conduct Authority (FCA) to add physical gold bullion to its list of standard assets, individuals are able to invest in physical gold through regulated pension schemes. Sharps Pixley can work with your current provider or if you do not already have one then we can supply a list of FCA regulated providers we are approved with.
If you are a UK citizen then you may be entitled to benefit from up to 45% tax relief when investing in gold as part of your personal pension. In addition, any gains will be Capital Gains Tax (CGT) exempt subject to rules and guidelines by the HMRC.
Investors are offered a choice of investment grade bars with a purity of 99.99% produced by world leading and LBMA 'London Good Delivery' refineries, exceeding the 99.5% HMRC requirement. Once bought, the allocated gold bullion is stored in our highly secure vault insured through a leading Lloyd’s of London broker. Please note that physical silver, platinum and palladium cannot be held in a SIPP/SSAS.
Sharps Pixley will only make payments to the bank account specified on the application form. Any change to this must be authorised by your SIPP provider or SSAS administrator.
There are different approaches to buying physical gold through your pension:
- Buy gold through your existing SIPP or SSAS account
- Transfer part of or the full value of your existing pension to a SIPP or SSAS account
- Make contributions to a new SIPP or SSAS account
The storage fee is 0.3% p.a based on the market value of the gold. Sharps Pixley require two years fees to be paid up front and will add a 0.6% premium to the purchase price to reflect this. Any fees thereafter will accrue and be settled when the gold is subsequently sold. You will receive the sale proceeds less or plus any fees that have either accrued or were already paid in advance, depending on the investment term.
Using a SIPP - please Download this SIPP Account Application Form , complete and submit to your provider
Using a SSAS - please Download this SSAS Application Form and submit to us
We invite you to visit us at 54 St. James's Street to discuss the process in person, no appointment necessary. Alternatively please contact us on +44 (0)207 871 0532, firstname.lastname@example.org or complete this form to register your interest and we will contact you.