VAT-Free Silver Vault Storage

We offer fully allocated storage of your goods with Brink's, who are a global leader in secure storage of precious metals. All items are held in secure vaults in Switzerland. When ordering your goods simply select the storage option and we will arrange for your specific products to be delivered into the secure vault at Brink's.

Your silver will be stored in a bonded vault operated by an LBMA member. Your holding is legally yours and 100% backed by the relevant precious metal. Your silver will be fully insured and regularly audited by a third party. Your VAT-free silver will be stored in segregated secure bags uniquely identifiable and linked to your customer storage account, giving you further peace of mind that your metal is stored safely and securely in your name.

You are not required to pay VAT on silver purchases when your metal is bought and then stored in an accredited bonded vault. VAT will become payable if you later request delivery of your goods.

A storage fee will be charged monthly via direct debit, based on the value of your total metal holding. See our storage fees page for more details.

Only products classified as VAT-free can be stored in Switzerland. This currently includes 1kg silver bars and 1oz silver Britannia coins.

You can sell back items held in VAT-free storage by calling our customer support team during office hours to agree a price, and subject to certain security checks we will arrange for payment to be made to your linked bank account. The fees and rates may vary from time to time in line with market conditions and are not guaranteed.

You can have VAT-free silver products delivered (currently 1oz Britannia coins and 1kg bars), however, they will be subject to VAT and a delivery charge at that time. To request delivery of your metal please call our customer support team during normal office hours to agree the price and the delivery charges. See our Delivery of VAT-free silver page for more details.

In normal circumstances we aim to deliver your goods to your linked address within 1 - 2 weeks when selection delivery option 2. During exceptional market conditions or for large orders this time frame may be extended.

Note: The delivery charges published on our website are for guidance purposes only and are subject to change.

When you elect to have your precious metals delivered you will have to pay VAT. We will calculate, charge and collect the amount of VAT payable prior to delivery based on the selling price for the goods at time of arranging delivery.

The amount of VAT payable will be based on the current net price of the goods you want delivered as published on the website you originally purchased your goods. The net price incorporates the current metal price and the current product sales premium.

If the goods you want delivered are no longer published on the website you originally purchased your goods, the VAT payable will incorporate the current underlying metal price and the product sales premium paid on the day you originally purchased your goods.

You are unable to deposit any products you have previously bought into the Brink's vault in Switzerland. In addition, you are unable to transport or transfer goods stored in one vault to another.

You can log in to your account online at any time to view your current holdings in storage, as well as to view a history of all orders completed and in process. Please note that your order may take a few days to appear in your account marked as Fully Stored due to the physical allocation of products involved.

All the items stored at Brink's are subject to a review by independent auditors, Rödl & Partner, to give extra peace of mind.

These details will be used for any physical deliveries out of storage (Linked Address) or for remitting proceeds from any sale of your goods (Linked Bank Account) so, for your own security, it is crucial that the details we hold are accurate and up-to-date. This information will be requested when you place your first storage order with us and we will require copies of ID and Proof of Address to validate it before any delivery or payment can be made to you.

Required ID will include one piece of photographic identity (e.g. a valid passport or driving licence) and a copy of a document to prove your address, dated in the last 3 months (e.g. bank statement header, utility bill, council tax bill).

ID validation will be processed via the Mitek verification system. This is a secure platform where you can upload your ID documents. If you require any assistance with this process please contact our support team.

If you wanted to change the Linked Address or Linked Bank Account in the future you will need to notify us immediately and, for your added security, you will need to send us new copies of ID via the Mitek verification system. Simply contact our Customer Support team who will talk you through the requirements.

You can set up a storage account on behalf of a company, but there will be additional ID requirements. We will need copies of the Company's Certificate of Incorporation and VAT Certificate, a bank statement / utility bill in the name of the company, a brief description of the nature of the business along with identification of a director(s). Please contact our Customer Service team on 0121 634 8060 for further information.