What is a SIPP?

A SIPP is a Self-Invested Personal Pension and it’s a type of pension scheme which give people more flexibility and transparency . They give you more options to invest in which means you can build the ideal investment strategy to suit your needs. It is a UK based pension scheme but are available to UK residents as well as expatriates.

Frequently Asked Questions

Of course you can with something called an International SIPP. It’s exactly the same as a traditional SIPP with the added benefit of being able to have your pension in multiple currencies, including USD. EUR, AUD, CHF, CAD JPY.
Company pensions are not managed by a professional and the investment options are generally limited to insurance company funds. The retirement options are also often limited and the costs can be quite high for very little in return.
The UK government is making it more and more difficult for non-UK residents to transfer their pensions. In 2017 they added a 25% tax charge on transfer for QROPS if the individual wasn’t resident in the same country as to where the QROPS was held and a lot of UK based pensions are refusing to pay drawdown to people who live overseas. With Brexit looming this is likely to get worse.

What-is-a-sipp-SIPP is a Self-Invested Personal Pension

Find out the answers to more questions…

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UK Legislation

As a SIPP is a UK based pension it follows the changes of the ever changing UK legislation. This gives the client the protection and security that their pension still sits with the regulatory bodies of the UK.

Investments

This is where SIPPs have really taken off. You can invest into Unit Trusts, Mutual Funds, ETFs, UK Shares, Overseas Shares, Government Bonds, Corporate Bonds, Structured Products, Cash Deposits, you name it.

Retirement

When you retire, a SIPP gives you the flexibility of having multiple different income drawdown options. You can have a fixed income, a flexi-access drawdown option which could fit in with consultancy work, or you could even buy an annuity if they became attractive again. This allows you to plan more efficiently.

Invested a lump sum and transferred my pension with SJB Global last month. Happy so far and looking forward to seeing how the investments perform. I was really impressed with the process and explanation of complex terminology.

Barbera Louis

Having previously gotten cold feet after almost going through with the transferal of my UK private pension to a QROPS with another wealth management company who, for a number of (good) reasons I felt uneasy with, I decided to look independently for an alternative adviser and was fortunate to come across Sam Barber quite by chance. Thanks to his endless patience in answering all of my questions and his excellent support throughout the entire process (which seemed very daunting initially), I am now confident that my future pension is in the best hands. He has put my mind at rest over so many issues and my initial lack of trust in such financial institutions has fully dissipated since becoming his client. I have no hesitation in recommending Sam to anyone who is even just considering transferring a pension out of the UK. He will not talk you into anything that you are unsure about and no question is too stupid. He knows what he’s talking about, gives sound advice and is 100% reliable. There are without doubt many sharks out there – happily Sam is not one of them.

Alia Harrison

I transferred my pension 6 months ago after speaking with a number of advisers in relation to my enquiry. Having initially being overwhelmed with the ordeal, Sam made me feel at ease with the whole process. And on our first semi annual review I am very pleased with the performance and feel like I have made the right decision. I would recommend SJB global to any expat who is looking to transfer their pension.

Jade Bolton

I started the process of finding information out about how to transfer my UK pension overseas and got a bit lost with it all. After sending out a few inquiries, I decided to go with Jake as I found his advice and costs to be completely transparent. The other 2 advisers had recommended me a QROPS and Jake said I was best suited to transfer to a SIPP and sent me links to authoritative websites to back up his reasons. I would recommend Jake to anyone who is looking for transparent advice.

Salvador Iglesias

Invested a lump sum and transferred my pension with SJB Global last month. Happy so far and looking forward to seeing how the investments perform. I was really impressed with the process and explanation of complex terminology.

Barbera Louis

Having previously gotten cold feet after almost going through with the transferal of my UK private pension to a QROPS with another wealth management company who, for a number of (good) reasons I felt uneasy with, I decided to look independently for an alternative adviser and was fortunate to come across Sam Barber quite by chance. Thanks to his endless patience in answering all of my questions and his excellent support throughout the entire process (which seemed very daunting initially), I am now confident that my future pension is in the best hands. He has put my mind at rest over so many issues and my initial lack of trust in such financial institutions has fully dissipated since becoming his client. I have no hesitation in recommending Sam to anyone who is even just considering transferring a pension out of the UK. He will not talk you into anything that you are unsure about and no question is too stupid. He knows what he’s talking about, gives sound advice and is 100% reliable. There are without doubt many sharks out there – happily Sam is not one of them.

Alia Harrison

I transferred my pension 6 months ago after speaking with a number of advisers in relation to my enquiry. Having initially being overwhelmed with the ordeal, Sam made me feel at ease with the whole process. And on our first semi annual review I am very pleased with the performance and feel like I have made the right decision. I would recommend SJB global to any expat who is looking to transfer their pension.

Jade Bolton

I started the process of finding information out about how to transfer my UK pension overseas and got a bit lost with it all. After sending out a few inquiries, I decided to go with Jake as I found his advice and costs to be completely transparent. The other 2 advisers had recommended me a QROPS and Jake said I was best suited to transfer to a SIPP and sent me links to authoritative websites to back up his reasons. I would recommend Jake to anyone who is looking for transparent advice.

Salvador Iglesias

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Can anything help the UK pensions deficit?

October 18th, 2017|

Can anything help the UK pensions deficit? It seems to be going from bad to worse for the UK pension deficit. Across the 6,000 private sector defined benefit scheme pensions, 5,000 are now in deficit [...]