Self-Manged International SIPP For Expats
We understand some experienced investors would prefer more control over their pensions. This article will explain the options available to British expats.
The SIPP For Non-UK Residents
As a UK expat living abroad, you may already be aware of the benefits of an International SIPP (Self-Invested Personal Pension). To learn more, click here.
With its flexibility and diverse investment options, it’s undoubtedly a great choice for non-UK residents. Certain individuals may prefer a self-managed approach, taking full control of their investments and pension income within the scheme without receiving financial advice, despite the risks involved.
If you are an experienced investor considering this route, our guide will explore the options available, as well as the potential drawbacks, to help you make an informed decision.
The Wealth Genesis – The International SIPP
International SIPP For Expats
When relocating abroad, managing your pension can be a major concern, especially as most UK pension providers do not allow non-residents to actively oversee their retirement funds from overseas. In addition to these restrictions, prolonged exposure to currency risk and local tax implications are important factors to consider.
The International SIPP stands out as the best option for British expats, offering the flexibility and control needed to manage multiple pensions and investments efficiently. As a UK-based pension product, it retains the protection and security of UK regulators such as the FCA and FSCS, ensuring peace of mind. It is ideal for non-UK residents looking for a tax-efficient solution, providing gross roll-up on investments held within the scheme and full flexible draw-down access.
For those who prefer to manage their pension without financial advice, an Execution-Only International SIPP allows complete control over investment decisions, with the client fully responsible for managing their portfolio.
Self-Managed SIPP For Non-UK Residents | The Risks
If you are considering an Execution-Only Self-Invested Personal Pension, it is essential to fully understand the risks involved. This type of pension is only suitable for individuals who are highly experienced in investing, possess strong market knowledge, and are comfortable managing a certain degree of risk.
You will need to navigate market fluctuations confidently and take full responsibility for researching investment choices, managing risk, and making key financial decisions. This includes selecting and managing funds, bonds, equities, and exchange traded funds (ETFs) while ensuring your portfolio is well-diversified. A lack of diversification can significantly increase risk exposure.
Experienced investors who prefer full control over their pension investments and feel they don’t require guidance may find this option appealing. However, it’s important to be aware that investing without professional advice carries substantial risks. Without expert guidance, you could make poor investment decisions, leading to losses that may erode the value of your pension savings.
Additionally, under-performance in your portfolio can impact your long-term financial security, and you will bear the full responsibility for any missteps. Choosing to self-manage also means losing out on the benefits of working with a professional, building a relationship, and receiving ongoing support to help you make informed decisions.
Execution-Only International SIPP With No Financial Adviser
At The Wealth Genesis, we know the importance of expert guidance when it comes to managing your pension funds. However, we also recognise that some clients are experienced investors and are seeking a self-managed approach.
Whilst most International SIPP providers and wealth platforms require clients to work with a regulated financial adviser, we can offer a solution for those who wish to manage their own investments.
If you’re interested in an International SIPP but prefer more control, we provide this service for a reduced ongoing fee of 0.50% for clients who with a minimum pension value of £400,000.
This way, you can access the benefits of an International SIPP whilst maintaining autonomy over your investment choices, giving you the opportunity to grow your pension funds over time on your own terms.
We also remain at your disposal as a sounding board, as well as offering our advice on any investment selection to ensure an additional security.
Expert Financial Advice For UK Nationals Abroad
As a fully independent firm, we can assess and advise on the entire market, ensuring that we provide honest, tailored advice which aligns with your unique objectives and circumstances.
We are experts when it comes to UK pension transfers, and if you're interested in an execution-only International SIPP and meet the minimum investment requirements, we are here to assist you.
