Self Invested Personal Pensions

Designed specifically for UK Expatriates who have pensions left in the UK and who are working abroad (ex UK).
“Frozen” Approved UK pensions may be transferred into ExPatSipp in their entirety.
No compulsory requirement to purchase an annuity
Broad range of assets eligible for investment.
Suitable for consolidating a number of small pension schemes left in UK.
Highly competitive fee, open charging structure.
Tax free lump sum of 30% with deferral of pension payments.
Take pension and continue to work.
Competitive rates of interest on all cash balances regardless of size.
Withdrawal subject to current Manx marginal rate (of 18%) and £2,500 p a allowance- as opposed to UK marginal rates of up to 40%.
Reduces potential tax liability after drawdown and death of Member and spouse from up to 83% (55% unauthorised payment charge and 40% IHT) to a mandatory 7.5%.
7.5% charge only payable once all pension payments to final dependents cease.
Ability to invest additional funds either as a lump sum or regular payments.
All assets held in segregated nominee accounts offering investor protection.
No longer is Isle of Man Residency a pre-requisite for Scheme set-up
Member may return to UK or remain an expatriate during working life/or Retirement.