Self Invested Personal Pension (SIPP)

What is a SIPP ?

A pension is a retirement savings plan designed to provide financial security once you stop working. It's a way to set aside money during your working years, typically contributed by you and potentially your employer, to ensure a steady income in your retirement. Pensions come in various forms, such as workplace pensions, personal pensions, and the state pension.

They aim to help individuals build a fund that they can access once they reach a certain age, ensuring they have a source of income during their retirement years.

Pension Pages

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Important information - If you’re thinking about transferring a pension, check you won't lose valuable guarantees or benefits or have to pay excessive exit fees. This website isn’t personal advice, if you’re not sure what’s right for you, please seek financial advice. Investments go down in value as well as up so you could get back less than you invest. You can normally only access the money in a pension from age 55 (rising to 57 from 2028). Pension and tax rules can change and benefits depend on your circumstances.

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An International SIPP (Self-Invested Personal Pension), often referred to as 'iSIPP' is a type of pension scheme that allows individuals to hold and invest in a wide range of assets, typically including stocks, bonds, mutual funds, and other investments, with the aim of building a retirement fund. What distinguishes an International SIPP from a regular SIPP is that it is designed for individuals who have moved or are living outside the UK but still want to maintain a UK pension arrangement.

International SIPPs are structured to comply with UK pension regulations and provide similar tax advantages and flexibility as domestic SIPPs. However, they are tailored to meet the needs of UK expatriates or individuals with international connections who wish to continue saving for retirement in a UK pension scheme while living abroad.

These pension schemes are often offered by financial institutions that specialize in international financial services and can accommodate the unique requirements of individuals living outside the UK. It's important to note that regulations surrounding International SIPPs may vary depending on the country of residence and the specific terms of the pension scheme.

International SIPP or 'iSIPP' ?

Locate Your Pension

If you’ve moved jobs or changed address, you might have lost pension pots waiting to be found. We can help you track yours down.

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It’s important that you’re in control of your pension savings - particularly as you approach retirement. Depending on your needs and the kind of pension you have, it could make sense to consolidate and transfer to one easy-to-manage account.

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Pension Consolidation

Pension Wise

Pension Wise is a free, impartial government service for anyone aged 50 or over, with a UK based personal or workplace pension.

It can help you understand what type of pension you have, how you can access your savings and the potential tax implications of each option. But it isn’t financial advice.

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