UK Expats Can Now Access Novia Global’s International SIPP Platform

Jun 23, 2019 | Pension Transfers, Pensions

The International SIPP, an affordable, flexible retirement solution, from Novia Global, is now live for British Expats.

With the British expat community as its primary target base, the International SIPP is equipped with features like Origo transfer service (serviceable for money purchase schemes in the UK). It comes with complete integration with the Novia Global platform and will cost £45 (plus VAT) quarterly. Novia Global isn’t charging any establishment fee for account setups.

The wealth management company offers critical features such as access to the on-demand client portal, an online trading platform for simple investing, and uninterrupted access to financial reports and valuation sheets for authorised advisers. Novia Global claims to have used market-leading technology in the development of the platform.

The introduction of Overseas Transfer Charge in 2017 has resulted in a drop in the popularity of Qualifying Recognised Overseas Pension Schemes (QROPs). The Novia Global International SIPP addresses the need for a flexible, cost-effective, tax-efficient and transparent retirement management platform.
The end of enforced annuity purchases after the pensions freedom legislation, the elimination of pension death tax and the demand for higher transparency in foreign markets are some additional factors catalysing the demand for an international SIPP.

Seamless integration of the International SIPP with the Novia Global platform works as an additional benefit for users planning to leverage the expertise of Novia Global’s team in managing the trustees of different ceding schemes in the UK.

Coupling Novia Global’s track record in facilitating retirement services in the country with its latest offering makes the entire process efficient and straightforward for the end-users. The International SIPP opens SIPP pensions structure for the global retirement market.

 

 

This communication is for informational purposes only based on our understanding of current legislation and practices which are subject to change and are not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.

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