Take control over what is rightfully yours by investing in SIPP

Consolidate your UK pensions
into one tax efficient, flexible, cost effective SIPP (Self Invested Personal Pension)

What is a SIPP?

A Self Invested Pension Plan (SIPP) is a pension plan that allows individuals to make their own investment decisions. They work similarly to personal pension plans, but with more flexibility, which gives investors more control to choose and manage their accounts — stocks and shares, investment trusts, insurance funds, commercial property, ground rents, open-ended investment companies, and more. 

They are also tremendously tax-efficient and employers and spouses can contribute.   

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How SIPP and pension transfers work

  1. Obtain CETV (Cash Equivalent Transfer Value) of your existing pensions (our advisors can help you with this even if you do not have policy numbers or even know where the pension is held)
  2. Complete an application to open a SIPP with a regulated trustee
  3. Trustee opens an account on preferred terms with an Offshore Investment Platform or Portfolio Bond; depending on your circumstances your advisor will suggest the best solution
  4. Transfer cash to new account
  5. Discuss with your advisor an investment strategy based on factors such as risk appetite, investment time horizon, income needs and tax planning.
  6. Select underlying investments through a low cost open architecture platform (equities, bonds, funds, ETF’s)
Tenzing Savings scaled

Investment Selection

Whatever your risk tolerance & interests, your advisor will help you select the investments for your portfolio. Some examples include:

Blue chip funds with household names - returns of over 50% in three years
Technology funds
Ethical Social Governance (ESG) options
Direct equities
Fixed Interest with strong capital guarantees and up to 8% per annum interest
Team members

Our SIPP Advisors

Craig McAvinue

Craig McAvinue thai flag

Director of Wealth Management
Patrik Shore Tenzing Pacific Services

Patrik Shore download

Senior Advisor
Hunter Deems

Hunter Deems download

Senior Advisor

Frequently Asked Questions

Much like an Individual Saving Account (ISA), or other equivalents, a SIPP offers an easy way to invest without being subjected to additional taxes, but is of course subject to SIPP pension rules. SIPPs grow independently from income or capital gains taxes. As such, one can pay up to 100% of their yearly income into a SIPP, with the government matching a certain percentage of contributions. This is known as tax relief.

For example, if you contribute an investment of £2000, the government would provide 20%, £400 as tax relief. Taxpayers in higher-income brackets can claim higher tax relief as a percentage of their income, up to 45%. Making consistent contributions to a SIPP is a great way to safely and efficiently plan for your future.
Self Invested Pension Plans (SIPPS) are an incredibly efficient way to save money and plan for you and your loved ones’ futures. A SIPP comes with flexible investment options that are backed by government contributions. which makes them ideal for growing your finances steadily over time. But what happens if you need to withdraw your tax-free contributions early? Unfortunately, these will be subjected to SIPP withdrawal rules.

Extracting funds early will result in taxes at the pension holder’s marginal rate. Luckily, the first 25% of the money withdrawn from a SIPP can be removed tax-free. After that, any extracted money will be subject to taxation.
Tenzing is considered one of the best SIPP providers due to its low costs and international functionality. Our SIPPs provide you with a multitude of investment options. including investing in e-commerce and emerging market funds, global blue chip firms and many more.

With our SIPP option, you can invest in as little as $250 per month with term lengths ranging from between 5 and 20 years with low fees, making Tenzing one of the best SIPP firms on the market.

Through Tenzing, you’ll have the flexibility to adjust your contributions, withdraw, or pause payments at any time. Contact an advisor and discover first hand why Tenzing is the best option for investing in your future with a SIPP.
Transferring your final salary pension can be an extremely stressful and trying decision. After all, pension plans give you guaranteed income throughout your retirement with all the bells and whistles attached. However, many retirees are opting to give up their pension rights in lieu of investing it as a lump sum into investment accounts like a SIPP.

So, should you transfer your final pension to a SIPP?

This decision is conclusively up to you. Consider investment goals, savings horizon, and both current and future financial obligations before committing. However, with the right investments, opting for a final pension transfer can without a doubt work to your advantage and put you on track for the future you desire.
A SIPP is a type of pension plan that you manage yourself. SIPPS can be added incrementally or through a lump sum. Others, including your employer and spouse, can also contribute to your SIPP, which is also subject to a government tax relief of 20%.

Through a SIPP’s tax relief, if you contribute £800 incrementally, the government would essentially top it up to £1000. Income earners that pay higher or additional tax rates will be topped up by the government and able to claim back more on their self-assessed tax returns.

The total tax relief will depend on your personal income.
Investing money through a SIPP is an easy and effective way to quickly save for your future, but what happens to your SIPP in the unfortunate event that you die?

The fate of your pension and investments will ultimately be up to you. When opening a SIPP you will be given an option to name beneficiaries to receive the value of your pension in the case of your passing. This can be spread across several beneficiaries as a lump sum or paid out through installments to provide the beneficiary with financial security over a long period of time. Inheritors who collect a pension from an account holder age 75 or younger will not be subjected to additional taxes, whereas marginal tax rates will be paid by the beneficiary if the account holder was over the age of 75 at the time of their death.
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Johannes Heikkila

Advisor
From Finland
Expat for 1 year
Speak Finnish, English & Spanish

Speciality:
- Health Insurance
- Savings Plans

Robert Cunningham

Advisor
From the UK
Expat for 13 years in Thailand & Vietnam
5 years' insurance & financial services

Speciality:
- Health Insurance
- Life Insurance
- Savings Plans

Romain Camillo

Senior Advisor
11 Years in Insurance & Financial Services
Expat in thailand for 7 years
Joined Tenzing in 2020
Speaks French & English


Speciality:
- Health Insurance
- Life Insurance
- Savings Plans"

Nancy Dao

Advisor
From Vietnam
International Business from UK
Lived in Singapore
Speaks Vietnamese & English

Speciality:
- Personal Health Insurance
- Group Health Insurance

Hunter Deems

Advisor
10 years' experience in insurance and investments
Joined Tenzing in early 2020

Speciality:
- Investments
- Savings Plan
- Health & Life Insurance
Patrik Shore Tenzing Pacific Services

Patrik Shore

Senior Advisor
From Sweden & New Zealand
7 years' insurance experience
Joined Tenzing in 2019
Crim Science
Speaks English and Swedish

Speciality:
- Savings Plans
- Health Insurance
- Life Insurance

Geoffrey Mann

Advisor
From the US
Employee benefits & insurance compliance background
Joined the Tenzing team in 2019
Law degree from the US

Speciality:
- Personal Health

Nhu Nguyen

Senior Advisor
From Vietnam
Joined Tenzing in 2017
Fluent in Vietnamese & English

Speciality:
- Group Health & Life Insurance
- Personal Health"
Tenzing's advisor

Ian Comandao

Health Insurance Manager
From Philippines
MBA from Duke University
Expat for 20 years in US, China, Hong Kong & Vietnam Worked at Tenzing since 2018
Fluent in English, Tagalog, Mandarin

Speciality:
- Personal Health Insurance
- Group Health Insurance
- Business Insurance

Craig McAvinue

Director of Wealth Management
From the UK
25 years' expereince in investments & insurance
Expat in Thailand for 5 years
Chartered Accountant by trade
Holistic approach to consulting his clients

Speciality:
- Investments
- Savings Plans
- Health & Life Insurance

Quinn Miller

CEO & Managing Partner
From the US
Joined Tenzing in 2014
Expat for 10 years in Vietnam
Finance & Entrepreneurship Degrees

Speciality:
- Group Health Insurance
- Life Insurance
- Savings Plans"
  • 84 35857 2629
  • 84 35857 2629
  • quinn.miller@ten-pac.com

Quinn Miller

CEO & Managing Partner
From the US
Joined Tenzing in 2014
Expat for 10 years in Vietnam
Finance & Entrepreneurship Degrees

Speciality:
- Group Health Insurance
- Life Insurance
- Savings Plans"