Help · Honest answers

The questions everyone asks.

Before they ask them. Plain English answers across whisky casks, UK gold, tax, storage, selling, and the awkward "is this a scam" question. If your answer is not here, the contact form gets to a real human in one working day.

General

The start.

01What is Oak & Mason?

A UK company that sells two physical, tax-friendly assets to ordinary UK savers: rare Scotch whisky casks and investment-grade UK gold coins. We handle sourcing, storage, insurance and paperwork. Your assets are held in your name in regulated third-party facilities.

02Who is this for?

Adults in the UK with savings they would like to diversify outside cash and shares. ISA-comfortable, alt-asset-curious, allergic to jargon. Not high-net-worth private clients (although some of our customers are). The minimum entry is £1,200 for gold, £2,500 for a starter cask.

03How much do I need to start?

From £1,200, which is roughly three Full Sovereigns at today’s price. A starter (fractional) cask begins at £2,500. A full cask starts at £25,000. Three Sovereigns is enough to open the door.

04How long does it take to open an account?

About ten minutes online to fill in the form. Same checks as opening a savings account: ID, address, source of funds. We then run the verification within five working days and confirm in writing.

05Is there a minimum holding period?

Hold for as long as suits you. These are real assets and they take time to mature; we recommend at least three years, and whisky casks specifically benefit from being held longer (more years in oak, rarer stock).

Whisky casks

Cask specifics.

01What exactly do I own?

A wooden barrel of new-make Scotch spirit, registered in your name in an HMRC-bonded warehouse in Scotland. The cask has a unique stencilled number on the end, and that number sits on a Delivery Order in your name. You can drive there and stand next to it.

02What if the distillery closes while I own a cask?

The cask is still yours. The warehouse is independent of the distillery, so even if a distillery is mothballed (or goes the way of Brora or Port Ellen), the cask sits where it was. Any market for "closed-distillery" stock tends to push the value up rather than down.

03Can I bottle my own cask?

Yes. You appoint an independent bottler (or use one we recommend), pick a label, agree a strength, and the bottling happens at a licensed plant. You end up with several hundred bottles in your name, with whatever label you want.

04What happens to the volume over time?

A cask loses roughly two per cent of its volume per year to evaporation, the angels’ share. It is one of the reasons older casks are rarer (and dearer) per litre. Your statement shows the current volume on every reading.

05Can I visit my cask?

Yes. Twice a year, on us. We arrange the time, drive you up to the warehouse, walk you to the cask and let you draw a sample. It is a good day out.

06What does a starter cask actually mean?

A starter cask is a fractional position in a full cask. You own a defined share, registered in your name. When the cask sells, you get your proportional share of the proceeds. Same legal structure as an investment trust’s shareholder, but for a physical asset.

07Why can’t I just take the cask home?

HMRC bond rules. New-make spirit cannot leave a bonded warehouse in liquid form until duty is paid, which only happens at bottling. Once it is bottled and duty-paid, you can have the bottles delivered to your door.

UK gold

Gold specifics.

01Why coins, not bars?

Bars do not have legal tender status, so they do not get the Capital Gains Tax exemption. Coins from The Royal Mint do. Coins are also easier to part with: sell five Sovereigns, hold the rest, no need to liquidate the lot at once.

02Sovereign or Britannia?

Britannias are 1oz 999.9 fine gold coins, around £2,100 today. Full Sovereigns are 7.98g 22-carat coins, around £700. Britannias have more gold per coin; Sovereigns are more granular and easier to ladder in. Most customers start with Sovereigns.

03Can it go in my SIPP or pension?

Some self-invested pensions allow physical gold. We can talk you through the rules and help with the paperwork if your pension provider permits it. We are not financial advisers, and we will say so if your situation needs one.

04Do I have to leave the coins in the vault?

No. You can take delivery any time. Your coins, your call. We send them by insured signed-for courier with tracking the whole way. Most customers split: some at home, some in the vault.

05What if the gold price drops?

It can and it does. Gold is a long-hold asset and the price moves around. We never tell anyone to put more than a sensible slice of their savings into gold. If you are in any doubt, speak to an independent financial adviser.

06Are these new coins or second-hand?

Both available. Brand-new Royal Mint coins (small premium over spot) or second-hand coins of guaranteed purity (smaller premium). We will be clear about which you are getting before you commit.

07What is "allocated" storage?

Allocated means your specific coins are kept separately from anyone else’s, in a labelled bag with your name on it, on the vault’s inventory in your name. Not pooled with other customers. If the vault operator went bust, your coins are still yours, separately identifiable.

Tax

The quirks.

01Why are whisky casks tax-free?

HMRC treats a maturing cask as a "wasting asset". The argument is that, in theory, a cask will one day be drunk and gone, so the gain when you sell is yours. Same rule that applies to a vintage car. Not a loophole, just a long-standing rule.

02Why are Sovereigns and Britannias tax-free?

Two things. There is no VAT on investment-grade gold under HMRC’s rules. And Sovereigns and Britannias are legal tender from The Royal Mint, which means any gain when you sell them is exempt from Capital Gains Tax. Coin status is what unlocks both.

03Could the rules change?

Yes. Tax rules can change and how they apply depends on your personal circumstances. The whisky-cask wasting-asset rule has been stable for decades and the gold-coin CGT exemption has been in place since 1979, but neither is guaranteed forever. We will tell you if the position changes materially.

04Should I get tax advice?

If your situation is unusual (large estates, non-UK residency, business assets), yes. We are not tax advisers and we will say so. We are happy to walk through the position with your accountant on a call if that helps.

Storage and selling

The logistics.

01Where is everything stored?

Whisky casks: HMRC-bonded warehouses in Scotland. Same warehouses the distilleries themselves use. Gold coins: an LBMA-approved London vault, allocated in your name. Or, if you would rather, we deliver gold to your door by insured courier.

02What does storage cost after the first free year?

A flat annual fee, shown up front. Typical range £40 to £80 per cask per year (including insurance and rotation). For gold, £30 to £60 a year for a vault holding (including insurance), depending on size.

03How do I get my money out?

You message us, we find a buyer (usually within a few weeks for gold, longer for casks because they are individual items), and the cleared funds go to your nominated bank account. We charge a small dealing fee, shown up front. You do not have to find your own buyer.

04How quickly can I sell?

Gold: typically three to five working days from "I want to sell" to money in your bank. Whisky casks: about fourteen days for a buyback offer, four to eight weeks for private buyer or independent bottler routes.

05Can I have my gold delivered?

Yes. Insured courier, signed-for, tracked. Most customers leave it in the vault for the insurance, but plenty prefer it under their own roof. You can switch any time.

Trust and regulation

The hardest questions: scams, regulation, what could go wrong.

01Are you regulated by the FCA?

No, and we are upfront about that. We sell physical assets, not financial products, and physical assets sit outside the FCA’s remit. Whisky casks and Royal Mint coins are not financial instruments. We are not financial advisers and we do not promise returns.

02What if Oak & Mason goes out of business?

Your assets are not on our balance sheet. Your cask is held in an HMRC-bonded warehouse in your name, on paperwork that is independent of us. Your gold is in an LBMA-approved vault, allocated to you on the vault’s own register. If we ceased trading tomorrow, you would still own your cask and your coins. The warehouse and the vault would simply work with you, or with another administrator, to release them.

03Is this a scam?

The honest answer is that the alternative-asset space has plenty of scams in it, and we’re glad you asked. Four protections sit underneath everything we do: the cask is in your name on the warehouse paperwork (independent of us), the gold is allocated in your name on the vault inventory (specific coins, specific bag), every fee is shown in writing before purchase, and the assets do their own work in the market (we won’t promise a return). Most of the industry leaves at least one of those open; we close all four.

04How are you different from the rest of the industry?

Three differences. One: plain English (read this site, then read three competitors and notice the change in register). Two: fees up front, every line in writing (we earn from a transparent spread). Three: selling is a top-level navigation item, not an afterthought.

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