Gold investment can prove the sensible choice for many pension portfolios thanks to its added flexibility.
(PRWEB UK) 1 October 2012
The UK Government’s auto-enrolment pension scheme begins today, which will see a slice of employee’s earnings automatically diverted to a pension scheme. The changes will apply to those over 22, not already enrolled in a workplace pension scheme.
With heightened focus on pensions in light of the changes, more and more people are looking into their pension options.
Gold investment is becoming an increasing popular addition to many pension portfolios, with tax benefits and flexibility making it a sensible choice for many. Investment grade gold eligible for pensions must have purity of no less than 995 thousandths and be in the form of a bar.
A spokesperson from leading UK gold dealer, Physical Gold, explains the benefits of pension gold:
“Gold investment can prove the sensible choice for many pension portfolios thanks to its added flexibility. Updated legislation allows pensions to have a mix of paper assets with tangible assets such as commercial property and investment grade gold.
“There is also the added benefit of no VAT on gold bars and the same tax relief as other quality assets when bought as part of a pension. For top rate tax payers this could mean as much as 40% off the price of gold.”
Physical Gold Ltd is a leading UK gold dealer, helping investors diversify their portfolios with innovative investment solutions. Renowned for their ground breaking products such as the Sipp gold and Gold Accumulation Account, the firm specialise in providing customers with tailored assistance in sourcing the best gold for their personal requirements. Based in London, the team are BNTA accredited and have an unrivalled knowledge of the gold market as well as an exceptional understanding of the general financial markets.