In 2006, the government introduced a significant opportunity for individuals to diversify and safeguard their retirement savings by enabling the purchase of physical gold bars within their Self-Invested Personal Pension (SIPP). This initiative is accompanied by pension tax relief, allowing owners of gold pensions and SIPPs to potentially claim up to 45% income tax relief.
As experts in this domain, we are well-positioned to guide you on how to seamlessly incorporate gold into your pension, leveraging this straightforward yet impactful structure to your advantage. For a comprehensive understanding of the process of purchasing gold for a SIPP or pension, refer to our guide on investing in gold within a SIPP.