International SIPP | The Lowest Cost Expat Pension
The International SIPP
The International SIPP is a pension scheme registered in the UK and designed for Expats who live or work abroad.
This pension scheme is designed to give Expats greater control over their retirement provisions as they navigate life outside of the UK.
Unlike standard UK pensions or UK SIPPs, an International SIPP allows full flexibility as a non-UK resident.
Key Features of The International SIPP
Protection
The International SIPP is a UK regulated by the FCA and a HMRC approved pension scheme. This offers more financial and regulatory protection than a QROPS based in Malta. International SIPPs will also be covered by the Financial Services Compensation Scheme (FSCS).
Investment Control
An International SIPP provides individuals with a wide range of investment options. They can choose from different asset classes, including stocks, bonds, mutual funds, exchange-traded funds (ETFs), and more. This flexibility enables individuals to align their pension investments with their risk appetite and investment goals.
Portability
An International SIPP enables individuals to combine their pension savings from various sources, including UK pensions, into one pension pot. This consolidation simplifies pension management and provides a comprehensive view of retirement savings. It is particularly beneficial for expatriates who may have multiple pension schemes due to working in different countries.
Currency Flexibility
An International SIPP allows individuals to hold their pension funds in various currencies. This feature helps mitigate currency risk, especially for expatriates who anticipate retiring in a different currency zone.
Disadvantages of an International SIPP
Costs and Fees
International SIPPs may involve higher costs and fees compared to traditional pension schemes. These costs can include establishment fees, annual administration fees, investment fees, and transaction fees. It is important to assess the costs involved and understand the potential impact on investment returns.
Currency Exchange Risk
While holding pension funds in different currencies can provide flexibility, it also exposes individuals to currency exchange risk. Fluctuations in exchange rates can impact the value of pension investments, potentially leading to gains or losses. Individuals need to carefully consider and manage this risk as part of their overall retirement planning.
The Novia Global SIPP Review
The Novia Global International SIPP is widely regarded as one of the best options available for individuals seeking an international pension solution. There are several reasons why it stands out as a top choice in the market.
Firstly, Novia Global International SIPP offers a comprehensive range of investment options. It provides access to a vast selection of investment instruments, including stocks, bonds, mutual funds, exchange-traded funds (ETFs), and more. This extensive range allows investors to build a diversified portfolio tailored to their specific investment goals and risk tolerance.
Secondly, Novia Global International SIPP boasts a user-friendly platform and advanced technology. Their online portal provides intuitive tools and features that make managing and monitoring investments a seamless experience. The platform offers real-time access to account information, investment performance, and transaction history, empowering individuals to stay in control of their retirement savings.
Furthermore, Novia Global International SIPP prioritizes flexibility and customization. It allows investors to choose from a wide range of currencies, providing the convenience of managing investments in different currencies within a single pension account. Additionally, it supports both UK and non-UK tax residents, accommodating individuals with various residency statuses.
At the time of writing, the Novia Global SIPP is the lowest cost International SIPP on the market, at £216 per annum. The platform offers competitive pricing with a clear and straightforward fee schedule. This ensures that investors can easily understand and plan for the costs associated with their pension investments, contributing to overall cost-effectiveness.
Considering its comprehensive investment options, user-friendly platform, flexibility, transparent fees, and reliable customer service, the Novia Global International SIPP emerges as one of the best choices for individuals seeking an international pension.
The Lowest Cost Non-Resident SIPP
The Wealth Genesis is the world's first and only flat-fee expat financial adviser.
Given our unique pricing structure, we are proud to offer the lowest-cost International SIPP available on the market, in conjunction with Novia Global.
Unlike other providers who charge a percentage-based intial fee on the total value of your pensions, we charge a flat fee regardless of the size of your fund.
This means that the UK pension transfer cost won't erode the value of your hard-earned pension. Our UK pension transfer cost is always £3,000, whether your transfer value is £1 million or £100,000.
All our clients pay a transparent, fixed fee for our services, eliminating any conflicts of interest that may arise from commissions or hidden charges.
Our independent status enables us to access an unrivalled range of investment options and financial products from various providers.
This freedom allows us to deliver the most bespoke solutions for our clients, without being limited to in-house offerings or predetermined choices.
We strongly believe that this unbiased approach, coupled with our expertise and experience, empowers us to provide you with the highest quality advice and guidance.
By offering the lowest cost International SIPP, we aim to drive change in Expat retirement planning and deliver cost-effective and regulated financial advice for Expats around the world.
