Are you still in the dark regarding the costs of trusts and platforms that can be used in a SIPP? Or maybe you want to find out more about UK SIPP for expats? If the answer to any of these questions is yes, then there is no need to panic since you’re not alone. Fortunately, you’ve just come to the right place. In this post, we will take you through some of the things you need to know about UK SIPP for expats. Read on to find out more.
What is a SIPP?
Before going any further, you need to know what is a SIPP and who should have one. In a nutshell, a Self Personal Pension (SIPP) is a UK Pension vehicle that gives investors control over their investment strategy and retirement. For this reason, you no longer have to rely on trustees to make decisions. In short, SIPPs can be considered as the main-stay of retirement planning and also inheritance tax-free.
UK Pension Transfers by Overseas Advisers
It is highly advisable that you should always beware of the recommendations of an investment made into an investment bond via a SIPP. One might wonder why this is the case in the first place. Well, it might prove to be a very costly bad advice that is dictated by the limited licenses and lack of knowledge on the part of the advisors.
In fact, you can find some of the better advice that follows UK regulations through quality specialist pension advisers. After all, they understand regulations in UK and do not limit their advice on who pays the highest commission. With such a specialist, you can rest assured that you are making well-informed decisions.
Final Thoughts
Setting up your UK SIPP can prove to be stressful if you have no idea about what is expected of you. The good news is you can turn to experienced advisers who can help you set up your UK SIPP without having to go through a lot. This does not mean settling on any advisor you come across since some may not have amassed years of experience in the field.
That’s why you need to do your due diligence before making a hiring decision. If it is still proving hard, then you should look no further than Global Financial Consultants (GFC). Check out their official website today and find out more.