If you lost money investing your savings into an Elysian Fuels SIPP, you’re certainly not alone. Many people across the UK invested their hard-earned money into the Elysian Fuels scam, only to lose it all in a classic case of mis-selling. Thankfully, our team is dedicated to helping you make a claim.
To get started with your SIPPs claim, simply fill out the form on the right of this page.
The Elysian Fuels scam explained
Elysian Fuels was first launched back in 2013 as part of a Bioethanol plant in Grimsby. Over 200 million pounds was invested into the plant, with around 90% of that figure coming from SIPP pension investments and savings.
The fuel company was said to be a green investment into the UK’s biofuel industry that many investors just couldn’t turn down. The investment even attracted investment from football manager Rafael Benitez along with other professional footballers and high-profile bankers.
However, as soon as the prices of oil drastically dropped, Elysian Fuels was dropped from the Channel Islands Stock Exchange and investors lost their money. Today, the investments are worthless and have left too many retirement savers empty-handed.
Elysian Fuels HMRC tax implications
The Elysian Fuels investment has recently drawn the attention of HMRC. Hundreds of people who invested in Elysian Fuels, just as you did, were initially facing large tax bills from HMRC despite losing lots of their money. HMRC was initially considering a 55% charge to investors but these tax implications have since been dropped. However, many investors are still left without the money they initially invested.
If the Elysian Fuels scam is something you have been affected by, our team is here to help.
Why your Elysian Fuels investment could be eligible for compensation
Elysian Fuels, like many mis-sold SIPPs, was offered to investors who were not given the full information about the investment. Elysian Fuels was also considered a high-risk investment and should have only been offered to experienced investors. However, many casual pension savers like you invested in Elysian Fuels without knowing the risks involved. This means our team can investigate your investment for potential mis-selling.
Elysian Fuels investment claims – Get started
We are committed to helping UK savers get their money back from mis-sold SIPP schemes.
Getting started with your claim is easy with the help of our team. Fill out our claims form on this page and we’ll be in touch shortly. It’s that simple.
We’ll help you claim your money back on a no win no fee basis* by:
- Gathering as much information as possible from you.
- Investigating the legal routes and avenues to help you claim back what is rightfully yours.
- We’ll also keep you updated every step of the way, so you won’t have to worry.
Don’t miss out – start your Elysian Fuels investment claim online today. It takes less than 30 seconds. For further information, please do not hesitate to get in touch.
