Designed for those seeking more autonomy in their pension strategy, Self-Invested Personal Pension’s (SIPP) are suitable for a wide range of investors, including internationally mobile professionals.
Through increased investment choice and greater flexibility over income options at retirement, you can tailor a retirement plan to suit your individual needs.
A Self-Invested Personal Pension (SIPP) is a UK-registered personal pension that offers individuals greater flexibility and control over how their retirement savings are invested. Designed for those seeking more autonomy in their pension strategy, SIPPs are suitable for a wide range of investors, including internationally mobile professionals.
Unlike traditional pension schemes, SIPPs offer a broader range of investment options and greater choice around how benefits can be accessed in retirement. They are regulated by the Financial Conduct Authority (FCA) and benefit from the UK’s pension freedoms introduced in 2015.
For professionals who’ve worked across multiple geographies, a portable and flexible pension solution can be essential. SIPPs allow individuals to consolidate various UK-based pension pots into one scheme, enabling simplified administration and more effective retirement planning.
Whether you remain in the UK or move abroad, SIPPs can be structured to suit evolving needs — from growth-focused investing in your earlier years to income generation in retirement.
SIPPs typically offer a much wider range of investment options compared to conventional personal pensions or workplace pension schemes. These may include:
This range of options allows you and your adviser to build a portfolio aligned with your long-term objectives and risk profile.
Thanks to UK pension reforms, SIPPs allow flexible access to your savings from age 55 (rising to 57 in 2028). You can:
This flexibility can be particularly useful if your retirement income needs vary over time.
If you’ve accumulated multiple pensions during your career, a SIPP may allow you to consolidate them into one structure. Benefits include:
Note: Not all pensions are transferable, and the suitability of consolidation should be assessed on a case-by-case basis.
Your retirement plans may evolve. Whether you’re still working past retirement age, planning to sell assets, or simply want to reduce drawdown in certain years, SIPPs allow you to adjust your strategy accordingly.
This ongoing control means your pension can continue working for you as circumstances change.
SIPPs offer the same tax advantages as other UK pensions:
Additionally, if you're living overseas, tax treatment may vary depending on your country of residence and the UK’s double taxation agreements.
SIPPs are not suitable for all investors. With greater control comes greater responsibility, and understanding your options is key. You’ll need to:
For higher-net-worth individuals or those with complex financial circumstances, the benefits can be significant. But any decision should always be made with the guidance of a qualified adviser.
At Skybound Wealth, we specialise in helping international professionals overcome the complexities of international pension planning. Our advisers:
With regulatory partnerships in place and a deep understanding of both UK and international financial planning frameworks, we’re ideally positioned to support you throughout your retirement journey.
Your pension is likely to be your largest asset, therefore seeking financial advice in relation to your needs and circumstances is vital to ensure your investment works as hard for you as you did to earn it in the first place.
You can reach us directly by calling us between the hours of 8:30am and 5pm at each of our respective offices and we will immediately assist you.
