text: Royal Mint to sell gold bars into pensions for first time | Post
  Royal Mint to sell gold bars into pensions for first time
  The Royal Mint, which supplies all of the UK's coinage, is to offer investors the chance to own gold bars within their pensions for the first time.
  The plans will see the Royal Mint offer private individuals and pension scheme providers access to buy and manage gold held within their Small Investment Personal Pension (SIPP) and Small Self-Administered Schemes (SSAS) – two types of pension funds.
  It will require gold bars to be of a minimum 99.5% purity to be eligible under the scheme, and Royal Mint gold bullion exceeds this at a purity of 99.9%.
  Investors will be will be able to buy 100g or 1kg bars – or even a fractional amount of a larger 400oz bar – and have it stored at Royal Mint's secure vault at Llantrisant in South Wales, which is guarded by the Ministry of Defence.
  Investors will be charged up to 1% a year, plus VAT, for owning the bars.
  Chris Howard, director of Bullion, said: "The Royal Mint benefits from a centuries-old reputation as a trusted bullion provider and manufacturer of coins on a global scale.