Self Invested Personal Pensions or as we often refer to them as SIPP are designed for our clients who have chosen to live outside of the United Kingdom and have a UK pension that they have contributed to in the past. By creating a SIPP, the client is better able to manage their investments and choose their own funds within the scope of the SIPP.
This type of pension creates more flexibility over the choice of investment. There are a wide range of asset types to choose from and you can pay contributions at a level determined by you.
It is worthy of note that your residency or domicile may afford you different tax regulations and a qualified tax expert will be able to advise you in this regard.
As a pension fund that is specifically designed for non-UK tax residents. You can withdraw a tax-free lump sum of 25% from the age of 55 and then choose where to invest the balance. You can receive a regular income, take ad hoc payments, or stay invested to keep growing the portfolio.