How To Get Started
Customers who wish to add gold to their pension pots can buy investment gold bars from Chards. We are happy to work with any pension provider and can deliver your gold to UK or overseas vaults.
1) Download Application Form
Once you have decided on a SIPP provider you need to open an account with them. Application forms are available if you have decided to use a SIPP provider who has approved Chards as a supplier of gold, and our team can submit this application for you.
Where we do not have accounts with other pension providers you will need to get in touch directly yourself.
2) Submitting Your Application Form
If you have chosen a provider where we are an approved supplier you can submit a completed application form to [email protected]. Our team will check the information provided and submit to our account manager at your chosen SIPP provider.
If your SIPP provider does not use Chards as a supplier we can contact them to open an account.
3) Contacted by the SIPP Provider
Our account manager at the SIPP provider will arrange a follow up call or email with you. In order for your application to be approved you may be asked to comply with KYC (Know Your Customer) checks and establish the appropriateness of a gold SIPP taking into consideration your financial plans.
Gold SIPP Providers
We are unable to recommend any SIPP providers to you but we can share a list of providers to allow you to complete research yourself. Please carry out due diligence and cross check against the Financial Conduct Authority’s register before choosing any provider. The following list is split into SIPP providers that Chards can supply gold to and others in the UK. The list is not exhaustive.
Chards Approved Supply SIPP Providers
Chards have onboarded with the following SIPP providers and can provide gold and vaulted storage solutions:
- XPS Pensions Group - 11 Strand, London, WC2N 5HR. FCA Reference: 528774 (Note this is only available with a Minimum of £25,000)
- Boal & Co Retirement Benefit Solutions - Marquis House, Isle of Man Business Park, Douglas, Isle of Man, IM2 2QZ. FSA Reference: RA010 (Note this option is not applicable for UK pension plans)
Other UK Gold SIPP Providers
The following companies offer gold SIPP schemes but we do not supply gold or vaulting solutions to them.
- Dentons Pension Management Limited - Sutton House, Weyside Park, Catteshall Lane, Godalming, Surrey, GU7 1XE. FCA Reference: 461094
- AJ Bell Management Limited - 4 Exchange Quay, Salford Quays, Manchester, M5 3EE. FCA Reference: 211468
- Killik and Co Trustees Limited - 46 Grosvenor Street, London, W1K 3HN. FCA Reference: 462016
If you need assistance selecting a pension provider we recommend you talk to a financial advisor who is licensed to assess your needs and make appropriate recommendations.
Physical Gold Pensions
Physical gold can be added to Self-Invested Personal Pensions (SIPP) for individuals who manage their own pensions, and Small Self-Administered Scheme (SSAS) pensions which are set up to manage pooled pension funds of a senior management team of a business.
Physical gold offers proven wealth protection over the long-term and more people are increasingly adding gold to their pension portfolios.
Buying Gold From Chards
Investing in gold with Chards through your SIPP or SSAS will give you 100% control and an extra layer of security.
We will ensure that the gold purchased meets the investment gold criteria of pension funds and store the metal either in the UK or Swiss vaults.
We can arrange vaulted storage across the globe but the 2 forementioned locations are our most popular.
How Does it Work?
- Identify a SIPP or SSAS provider who can advise and support on the inclusion of investment gold to a pension.
- The provider will be required to open an account with us under the pension trust name.
- Upon account creation the pension trust will be able to buy and sell investment gold.
What is a SIPP?
A SIPP is a type of UK government-approved personal pension scheme that allows people to choose and manage their own investments.
- In 2006, UK Treasury allowed gold bullion to form part of a personal pension.
- Today physical gold bars are the only physical commodity that pension owners can purchase as part of their pension.
- On 15th June 2016, HMRC authorised pension savers to have gold bullion in any pension plans.
- SIPP's have grown rapidly from a niche to a mainstream pension scheme that over 500,000 people today that have a SIPP.
What is a SSAS?
A SSAS is a type of UK occupational scheme that is a workplace pension and can be managed by the company that set it up.
- SSAS pensions are common in small or family-run businesses and are pension schemes are open to select employees.
- Any contributions a member makes to an SSAS pension are eligible for tax relief.
Why Should You Have a SIPP?
- Investment gold invested in your SIPP will be free from VAT and any profit on your investment will be CGT (Capital Gains Tax) free.
- At 55 you are eligible to receive an income from your SIPP.
- If the SIPP remains untouched and in the unfortunate case of death there is no inheritance tax due on the full value of the SIPP.
Which Products Are Suitable For Pensions?
Gold bullion will be investment gold in the form of bullion bars, All bars will be manufactured by reputable refineries around the world such as Metalor, Valcambi, and The Perth Mint. Each bar is allocated and segregated, and balances audited on an annual basis. We currently use Azets, who are a top 10 accounting firm.
All gold held at Chards is covered on our insurance and held in world class vaults.
Already Have a SIPP or SSAS?
Your existing provider should be able to buy and sell metal and if needs be transfer it to a provider who can help you. There may be admin costs involved so please do check with your provider on the small print.
Digital Metal Accounts
Our digital allocated gold accounts are backed 1:1 with investment gold bars. They can be added to your pension if your provider deems it a worthy asset to include.