Notice (Updated 26/03/2020)
We're still restricting normal trading to 10am-5.30pm Monday to Friday.
For more information, please read 'Coronavirus: A Note From Bleyer [UPDATED]' here.
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Bleyer Bullion is a leading UK supplier of fine gold for pensions, we source your gold at the lowest current market prices and store it for you in one of our allocated vaults.
We have experts on hand to advise you on using gold as part of your pension, if you have any questions about starting a golden SIPP or SSAS then please use the website live chat or phone our friendly team on 01769 618 618 during office hours: Mon-Fri, 9-5.
Gold as part of a SIPP Pension
If you are a UK citizen, you can invest in Gold Bullion through your Self-Invested Personal Pensions (SIPPS). SIPPS are personal pension schemes containing a basket of investments of your choosing until you retire and start to draw a pension income. SIPPs can hold tangible investments, which can now include Physical Gold. Investments made in gold bullion are topped up in the form of tax relief, meaning individuals can claim back the tax on the money they put in. The amount varies depending on the income tax band into which they fall, so if you are a higher rate tax payer you can get up to 40% back. So, for example, a £10,000 investment will only cost you £6,000.
Physical Gold is allowed in a SIPP providing it is investment gold, as defined above. The bullion must be stored at ‘arm’s length’ with a secure third party. It cannot be taken possession of and used as a “pride in possession” article. It can, like any other investment, be sold within the pension wrapper and then the cash re-employed within the normal rules of a SIPP pension. Thus Physical Gold is allowed in your SIPP when we store it for you. Please call one of the Bleyer Team to find out more. We maintain the gold in your SIPP Gold account, while you are in complete control in instructing an Independent Financial Advisor (I.F.A.) and a Trustee Company will manage your SIPP Pension as a whole. You will instruct us to either communicate directly with you or with your I.F.A. / Trustee, whichever you would like.
You don’t need a financial advisor and can set up an account with a pensions administrator directly directly for them to administer your pension trust. This makes it much cheaper for you. If any fresh funds are paid into your pension then they will claim the tax rebate element that may be due to you and add it to the pension sum.
Once contributions have been made to a pension, you cannot withdraw funds until the age of 55 but you can change the investments and move provider.
In order to move your pension and buy gold without the use of an advisor the steps are as follows:
- Open an account with our pensions administrator
- Complete a discharge or transfer form with your current provider to move the assets into gold
- The funds get moved across either in species (as they are i.e. stocks etc) or are sold and come across as cash.
- If you plan to swap whatever you are currently holding for gold it would make sense to sell first and send cash across, you would have to look at the charges and see what method offers best value.
- You then reinvest the funds into assets of your choosing that fit the criteria for SIPP pensions. Our pensions administrator provide an ‘execution only’ service, they cannot give you any advice.
- In the case of gold you would instruct the administator to buy gold through us which we will buy and store for you.
To begin setting up your gold pension give our friendly team a call during office hours or send us an email.
Telephone: 01769 618618,
Email: [email protected]
If you want to go ahead and make the move you should know that any expenses could be paid out of cash, provided that there is sufficient being held. You will need to allow for storage charges and I should also remind you that although it can appreciate hugely in value, gold as an asset, does not generate any income so you will have charges to fund from time to time out of new contributions.
Gold as part of SSAS Pensions
This small self-administered scheme (SSAS) is an occupational pension scheme set up under trust with fewer than 12 members.
Like SIPPs they are generally administered by an independent trustee who is well versed in legislation and HM Revenue & Customs (HMRC) practice.
The types of assets that the scheme can purchase are similar to that of SIPPs but there are added benefits that can be useful to companies so that they can gain additional benefit from their pension assets.
Gold bullion is included in the list of assets that a SSAS may hold. We are happy to work with your trustee in procuring and storing gold for your SSAS Pension. Please call us on 01769 618618 or drop us an email to discuss any aspect of this.
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We aim to make bullion investment accessible, no matter what your budget. Our guide pages have been designed to help you expand your knowledge of precious metal holdings and to empower you to get more out of your investments.