Gold for pensions

The Royal Mint offers both private individuals and pension scheme providers access to an account that allows your SIPP or SSAS to hold, manage and sell physical gold bullion held within your pension scheme.

Anniversary Gifts

Manage pension-held gold

In August 2014, the Financial Conduct Authority (FCA) added physical gold bullion to its list of standard assets. This means that financial advisers can now assist clients wanting to include physical gold in their pension through regulated pension schemes such as a Self-Invested Personal Pension (SIPP) or a Small Self-Administered Scheme (SSAS).

If you are a UK citizen looking to enhance your SIPP or SSAS, you may be able to benefit from up to 45% tax relief on your purchase of gold bars if you buy them through your pension scheme. For SIPP holders or SSAS members, a Royal Mint account provides flexibility and liquidity, offering the ability to buy and sell physical gold bullion at competitive premiums determined by live gold prices.

Using the account is simple as only eligible products are available to purchase and all gold is automatically stored in The Vault®. Account holders can also sell part or all of their gold holding to The Royal Mint at any time and the money will remain in their account until they wish their funds to be returned to their pension fund.

Eligible gold bullion from The Royal Mint

For gold bullion to be eligible to be held in a pension scheme it must be in a form acceptable to HM Revenue & Customs (HMRC). This is currently defined as a bar or wafer with a purity of no less than 99.5% which is professionally stored. Our gold bars exceed these requirements as each serialised bar is 999.9 fine gold. They are available for both SIPP and SSAS customers in sizes from 1 gramme to 1 kilogramme provided they are stored in The Vault.

DigiGold

For those who value freedom and flexibility, DigiGold is one of the most efficient ways to buy gold bullion from The Royal Mint. DigiGold allows you to purchase in fractional quantities that suit you down to the finest figure, allowing you to invest as much or as little as you like.

Bought by monetary value rather than a fixed weight, purchased gold is then stored in The Vault. This option also offers additional flexibility with the opportunity to convert a specific amount of your pension fund into gold, rather than the fixed sizes offered by individual bars.

Fees

We offer a transparent fee structure with no hidden charges and no minimum monthly fee. As well as the initial purchase premium of the product, storage fees are also charged for storage of the product in The Vault. Equally, a premium is also charged when you choose to sell the product back to The Royal Mint. These charges are detailed below:

 
Product Purchase Fee Storage Fees Sell-back Premium
Gold bullion bars Purchase fees for bars are displayed on the product page. Prices include manufacturing premium 1% + VAT per annum based on the average daily market value of your total gold holding that is stored in The Vault™ 2%
DigiGold 0.33% premium 0.5% + VAT per annum based on the average daily market value of your total gold holding that is stored in The Vault™ 1%
 

Getting started

Firstly, check with your SIPP provider whether your current SIPP is able to include physical gold bullion. For SSAS members, please refer to your scheme administrator or contact us for more information.

 
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Creating the account

SIPP ACCOUNT - Download the Personal Account Application Form and submit to your SIPP provider.

SSAS ACCOUNT - Download the SSAS Account Application Form and complete it with your professional trustee/ administrator if applicable.

PENSION PROVIDERS – Please contact our Customer Services team for further information.

 

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Transfer funds

SIPP ACCOUNT - Instruct your pension provider to transfer funds from your pension scheme into your account. Once funds are transferred, you can purchase gold online

SSAS ACCOUNT - The SSAS Administrator will transfer funds into your account. Once funds are transferred, you can purchase gold online.

 

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Trading

SIPP ACCOUNT - Log in to your Gold for Pensions account to purchase eligible gold bullion

SSAS ACCOUNT - Log in to your Gold for Pensions account to purchase eligible gold bullion

 
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Selling

SIPP ACCOUNT - Log in to your Gold for Pensions account, see the live gold price, and decide just how much you would like to sell. Funds are transferred back into your account for future purchases or until you ask your pension provider to return the funds to the SIPP bank account.

SSAS ACCOUNT - Log in to your Gold for Pensions account, see the live gold price and decide just how much you would like to sell. Funds are transferred back into your account for future purchases or until your SSAS Administrator requests for the funds to be withdrawn back to the SSAS bank account.

 

Get in touch

If you have any further questions about including physical gold in your pension or require any further information about our online services, contact our dedicated Customer Services team today on 0345 600 5014.

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