how to include gold in your pension

Including Gold in your Pension

The recent government changes to the State Pension mean that we have greater control over our pensions than ever before. Now, more of us than ever are looking at alternative ways to help fund our income in retirement.

How can gold help?

If you’re a UK citizen looking to enhance your Self-Invested Personal Pension (SIPP) or Small Self-Administered Scheme (SSAS), you may be able to benefit from up to 45% tax relief on your purchase of gold Royal Mint Refinery (RMR) bars if you buy them through your pension scheme.

how to include gold in your pension

How does it work?

Any money you earn is usually taxed at your marginal rate. When you invest in a pension scheme you benefit from certain tax reliefs. For example, if you earned £11,000 and you’re taxed at 20%, you’ll be left with £8,800. If you put this into a pension scheme you will benefit from 20% tax relief.

What if I pay 45% tax?

If you pay a higher rate of tax at 45%, you’ll be able to reclaim this income tax through your self-assessment tax return. So if you contribute to a pension scheme you could enjoy a 45% tax relief on the contribution. In turn, the money you’ve invested into the pension scheme can then be used – with the appropriate tax relief – to invest in gold. Your gold also grows free of Capital Gains Tax as gold is CGT exempt.

Can I buy any kind of gold to invest in my pension?

Government regulations mean that the gold must meet the right standards to be eligible and must be at least 99.5 purity. Royal Mint Refinery gold bars have been confirmed as exceeding the required standards at 999.9 purity. This means that UK citizens can choose to buy them through a SIPP or SSAS and benefit from up to 45% tax relief on their gold purchases.

How can I get involved?

Firstly, you need to contact your current pension provider or an independent financial advisor who can now assist clients wanting to include physical gold in their pension planning through regulated pension schemes such as a Self-Invested Personal Pension (SIPP) or SSAS (Small Self-Administered Scheme). Once this is completed, simply follow the steps below to get started.

Creating the account

Open and account

Private individualsdownload the Personal Account Application Form , complete and submit to pension provider.

Pension providersplease contact our customer service team for further information.

Funding the account

funding the account

Private individuals – instruct pension provider to transfer funds from the pension scheme into The Royal Mint account. Once funds are transferred, you can purchase gold online.

Pension providers – on receipt of instructions from the individual, transfer agreed funds into the individual’s account.



Trading (private individuals) login to your account to purchase eligible gold Bullion.



Private individuals – login to your account, see the live gold price and decide just how much you would like to sell. Funds are transferred back into your www.royalmintbullion.comaccount for future purchases or until you ask your pension provider to return the funds to the pension fund.

Pension providers withdraw funds from The Royal Mint account and transfer back into the pension fund when requested to do so.

If you have any questions, or require any further information please contact our customer service team.