Read our free, no obligation guide to find out more about how you can invest in Why Invest in Gold Bars?
Safety, security and tangibility in an uncertain world
Efficient investment:
The low cost of purchasing gold into a pension is illustrated by two factors. First, gold receives the same tax relief as other qualifying assets when bought as part of a pension. So for top rate tax payers, that means a tremendous 40 percent off the price of gold.
Second, for many of the securities products which dominate pension portfolios, management costs have steadily escalated, eating away at their tax efficiency. Investing in physical gold attracts far lower management fees, less than one tenth of the charge applied to a typical unit trust.
SIPP Compliant:
The type of pension required to house gold is called a Self Invested Personal Pension (SIPP). These benefit from the flexibility of the updated legislation and can house a mix of traditional paper assets with a variety of tangible assets such as gold.
This can be achieved if you have no current pension provision but want to open a SIPP, or if you have an existing pension which you wish to sell and transfer funds into the more flexible structure. A SIPP can even be opened alongside existing company schemes to allow versatility.
Investments are chosen by you, and the SIPP provider acts as the fund trustee. When retirement comes, the capital provides an income which can be drawn either directly or via an annuity. The SIPP trustee takes care of wrapping all these investments into one portfolio, while ensuring that reporting and legal obligations are met and the gold is stored in a licensed depository on your behalf.
High Purity Gold:
The type of gold bar required for a gold SIPP has to be of purity not less than 995 thousandths, and in the form of a bar. These ‘Good Delivery Bars’ are recognised by the bullion market, and the high purity levels mean you own more gold content for your money. Contact us to find out more about gold bars for sale.