If you are a UK expat looking to take control of your retirement savings, you have likely come across the term SIPP. A Self-Invested Personal Pension offers flexibility and investment freedom, especially for those living abroad. Additionally, SIPPs provide significant tax benefits, including tax relief on contributions and the potential for tax-free growth on investments. In this Invinitive SIPP Review 2025, we explore whether this provider stands out in a crowded marketplace. Is it the best SIPP for expats? What are the fees, risks and alternatives? Understanding pension transfers, such as moving a Final Salary scheme to a SIPP, is crucial. This guide answers the top questions British expats are asking.

What Is a Self Invested Personal Pension and Why It Matters for Expats

A Self-Invested Personal Pension allows you to choose and manage your pension investments. Unlike traditional workplace pensions, SIPPs offer access to a broad range of assets such as stocks, bonds and ETFs.

Company pensions can be transferred into a SIPP, providing better management and broader investment options. For UK expats, an International SIPP can be a tax-efficient way to consolidate and grow pension pots while abroad. With more control over asset allocation and retirement planning, a SIPP is often preferred by globally mobile professionals and retirees.

Choosing the right SIPP provider is crucial for managing an International SIPP, as they offer various services such as tax relief, fee structures, and administrative support throughout the setup and management process. Invinitive is a relatively new player, but one that has started gaining traction among expats seeking modern, transparent pension solutions.

Understanding International SIPPs

International SIPPs are a type of Self-Invested Personal Pension (SIPP) designed specifically for non-UK residents. These pension schemes offer a flexible and tax-efficient way to manage your pension investments while living abroad. Unlike traditional UK-based SIPPs, International SIPPs cater to the unique needs of expats, providing the ability to hold and manage investments in multiple currencies. This flexibility is crucial for those looking to take control of their financial future, ensuring that their pension savings are optimized regardless of their country of residence.

Key Differences Between UK SIPP and International SIPP

The primary distinction between a UK SIPP and an International SIPP lies in their accessibility and flexibility for British expats living abroad. International SIPPs are tailored to provide greater flexibility in currency options, allowing you to hold cash and investments in multiple currencies, which can help mitigate exchange rate risks. Additionally, the fees associated with International SIPPs are often comparable to, or even lower than, those of traditional UK SIPPs. Another significant advantage is the broader range of international investment choices available, enabling you to diversify your portfolio more effectively.

Why Invinitive?

Invinitive’s SIPP offering focuses on flexibility and cost transparency, two key areas that matter most to expats. Here are some highlights:

• Online management platform
• Competitive annual charges
• No hidden fees or complex exit penalties
• Access to global investments and fund platforms
• Competitive sipp fees that benefit expats by reducing overall costs

Compared to well-known providers like Hargreaves Lansdown or AJ Bell, Invinitive’s approach appeals to tech-savvy investors who want control without complexity.

Additionally, Invinitive emphasizes the importance of financial planning, supporting expats in managing their retirement planning effectively.

Who is an International SIPP Suitable For?

An International SIPP is particularly suitable for non-UK residents who have UK pensions and want to take control of their retirement planning. This type of SIPP is ideal for various groups, including:

UK Expats, Non-UK Residents, International Workers Who Move Frequently

UK expats living abroad often seek to maintain their UK pension benefits while enjoying greater investment flexibility. An International SIPP allows them to manage their pensions more effectively, with the added benefit of potentially qualifying for UK tax relief on contributions, depending on their circumstances.

Non-UK residents looking to invest in a UK-based pension scheme can also benefit from an International SIPP. This option provides access to the regulatory protections of the UK financial system while accommodating the tax regulations and financial systems of their country of residence.

For international workers who frequently move between countries, an International SIPP offers a consistent and flexible solution that follows them across borders. It allows them to transfer benefits and contribute to a single scheme, regardless of their location, ensuring their retirement planning remains on track.

How Do International SIPPs Work?

International SIPPs provide expats with the flexibility to manage their pension investments while living abroad. These pension schemes offer access to a wide range of global investment options, allowing you to make contributions in multiple currencies. This multi-currency capability helps mitigate the risks associated with currency fluctuations and provides a more stable investment environment. Additionally, International SIPPs offer tax efficiency depending on your country of residence, making them an attractive option for expats looking to optimize their retirement savings.

Managing Investments and Contributions, Accessing Funds During Retirement

Managing investments and contributions in an International SIPP is straightforward, thanks to the wide range of investment options available. You can choose from various asset classes, including stocks, bonds, mutual funds, and exchange-traded funds (ETFs), to build a diversified portfolio that aligns with your financial goals and risk tolerance. Contributions can be made in multiple currencies, providing flexibility and reducing the impact of exchange rate fluctuations.

When it comes to accessing funds during retirement, International SIPPs offer several options. From the age of 55 (rising to 57 from 2028), you can withdraw up to 25 percent of your pension pot tax-free, with the remaining funds taxed as income. This flexibility allows you to tailor your retirement income to your needs, ensuring a comfortable and financially secure retirement.

Pros and Cons of an International SIPP for Expats

An international SIPP offers expats flexibility, tax efficiency and global investment access. But it is not right for everyone.

Disadvantages:

• Currency risk: Fluctuations in currency exchange rates can affect the value of your investments.
• Regulatory differences: Different countries have different regulations, which can complicate management.
• Tax implications: Understanding potential tax consequences when managing an International SIPP is crucial. Consulting with a tax professional can help you navigate these complexities.

It is essential to seek professional financial advice to navigate the complexities of managing an International SIPP.

Advantages

• Global access: Manage your pension from anywhere.
• Investment choice: Wide range of global funds and assets.
• Tax efficiency: Tax relief on contributions and potential IHT benefits.
• Currency options: Multi-currency accounts to reduce exchange risk.
• Pension consolidation: Combine multiple UK pensions into one.

Disadvantages

• Investment risk: Pension value can rise or fall.
• Complexity: Managing it yourself takes time and expertise.
• Fees: Platform and fund charges can impact returns.
• Currency risk: FX fluctuations may affect income.
• Tax abroad: Withdrawal tax rules vary by country.

If you are not comfortable managing your pension yourself, a financial adviser can help. Harrison Brook offers expat-focused advice on whether a SIPP suits your goals.

How Much Does the Invinitive SIPP Cost?

Invinitive has positioned itself competitively in terms of pricing. While each case may vary based on investments, typical charges include:

• Annual platform fee: 0.25 % (Capped at £400 per annum)
• Dealing fees: low flat rates or included within platform fee
• Management fees: annual administration and management fees that vary by provider, plus additional charges from fund managers depending on the type of investments chosen
• Exit fees: none for standard transfers

Compared to providers like Hargreaves Lansdown, where fees can exceed 0.45 percent plus trading costs, Invinitive is a leaner option.

Is My SIPP Pension Safe?

A common concern for expats is security. SIPPs are regulated by the Financial Conduct Authority and protected by the Financial Services Compensation Scheme (FSCS) up to £85,000 if the provider goes bust. Engaging with a reliable pension provider ensures the security of your pension assets and accurate documentation during transfers.

However, investment losses are not covered by the FSCS. Your capital is at risk depending on the funds or shares you choose. Choosing a provider like Invinitive, which offers reputable custodian services and clear governance, helps mitigate this risk.

Learn more about Harrison Brook’s investment approach

Which SIPP Is Best for Expats?

The best SIPP depends on your specific needs. Key factors to consider:

• Where you live and pay tax
• How you want to access your pension (drawdown or annuity)
• Whether you need international investment access
• Currency flexibility
• Understanding various investment strategies and tailoring them to your individual financial goals

Invinitive supports multi-currency accounts, which is a major plus for expats dealing with euros, dollars or other currencies. It also integrates with international platforms, giving you global investment exposure. Additionally, Invinitive supports multi-currency investments, enhancing portfolio diversification and allowing you to manage currency risk effectively.

SIPP vs ISA: What Offers Better Tax Advantages?

Although they are often compared, a SIPP and an ISA serve very different purposes. A SIPP is a pension product designed specifically for long-term retirement planning. It offers tax relief on contributions but restricts access until age 55 (rising to 57 from 2028). An ISA, on the other hand, is a flexible savings account with no upfront tax relief, but any withdrawals are completely tax-free and can be accessed at any time.

While savings accounts are common for holding funds, they lack the tax benefits associated with SIPPs. A SIPP provides tax-efficient growth and greater retirement savings potential compared to traditional savings accounts.

For UK expats looking to build a retirement income, a SIPP can be more effective due to the generous tax advantages and ability to grow your investments over time. An ISA is not a pension, but it can work well alongside a SIPP to provide flexible savings for shorter-term goals or to supplement income before pension access age.

FAQ: Your SIPP Questions Answered

Can I buy property abroad with my SIPP? Direct property purchases are possible in some SIPPs, but Invinitive focuses on listed investment products, not physical property.

What happens to my SIPP on death? Funds can be passed to beneficiaries tax-free if you die before age 75. After 75, beneficiaries pay their marginal rate.

Can I cash in my SIPP? From age 55 (57 from 2028), you can access 25 percent tax-free. The rest is taxed as income.

Should I have more than one SIPP? Consolidation into one SIPP can reduce fees and simplify management. However, some expats use multiple SIPPs for diversification.

Is Invinitive better than HL or AJ Bell? It depends on your goals. Invinitive’s lower cost structure and expat-friendly features make it a strong option for internationally mobile clients.

Is a SIPP safe if my provider fails? Yes, your pension assets are held in trust and separated from the provider’s own assets. FSCS protection also applies.

What are the benefits of flexible pension withdrawals for expats? Flexible drawdown options allow expats to customize their pension withdrawals according to their individual needs. This flexibility is particularly advantageous for those using International SIPPs, as it enables scheduling withdrawals in a tax-efficient manner, often more beneficial compared to QROPS.

How do SIPPs help with inheritance tax planning? SIPPs offer significant advantages in inheritance tax planning. If the SIPP holder dies before age 75, the pension can be transferred to beneficiaries tax-free. Additionally, SIPPs provide flexibility in nominating beneficiaries, making them an effective tool for ensuring tax-free inheritance and efficient estate planning.

Final Thoughts: Is Invinitive Right for You?

If you are a UK expat who values low fees, flexible investment options and a modern digital interface, the Invinitive SIPP is well worth considering. While it lacks the brand recognition of HL or AJ Bell, it makes up for it in transparency and expat-specific features.

As with all financial decisions, especially with pensions, independent advice makes a difference. Harrison Brook specialises in helping expats make the most of their pensions abroad.

It is also crucial to seek independent financial advice to make informed decisions about managing an International SIPP.

Ready to Review Your Pension?

Harrison Brook offers transparent, fee-based advice for British expats across the globe. Whether you are in France, Spain, or the UAE, our advisers are fully qualified and regulated to guide you through your SIPP options.

Get in touch today for your free initial consultation.