United Kingdom

United Kingdom Pensions

Why choose a SIPP?

A SIPP is a UK registered personal pension arrangement available to both UK residents and expatriates. Typically favoured by savers seeking additional investment options or increased flexibility at retirement, a SIPP can be funded by new contributions or the transfer of existing pension plans.

All UK SIPP providers are regulated by the UK’s Financial Conduct Authority.

SIPP at a glance

  • Investment Options – Standard investments per the UK FCA’s definition
  • Maximum Pension Commencement Lump Sum (PCLS) – 25% (capped at 25% of the lifetime allowance*)
  • Flexible Retirement Benefits – Yes
  • UK tax rate applicable to pension* – Taxed at recipient’s marginal rate
  • Death benefits where member dies pre age 75 – Income stream or lump sum to beneficiary(ies) free of UK income tax
  • Death benefits where member dies post age 75 – Income stream or lump sum to beneficiary(ies) taxable at recipient’s marginal rate of UK income tax

*Lifetime Allowance is set at £1.0m for the 2016/17 tax year.

Sovereign International SIPP

  • Sovereign International SIPP Key Features – Download
  • Sovereign International SIPP Terms and Conditions – Download
  • Sovereign International SIPP A5 brochure (web) – Download
  • Sovereign International SIPP Application Form – Download
  • Sovereign International SIPP Fee Schedule – Download
  • Sovereign International SIPP Investment Guidelines – Download

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Sovereign Trust (Gibraltar) Limited
Tel: +350 200 76173