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Property with Pension
jozvaldo
Posts: 405 Forumite
Please stay with me a I am a complete novice when it come to pensions.
If I have the opportunity to purchase a property overseas for £140,000 and have to pay only 50% now and the other 50% on completion in 2 years time, if I wish to purchase can I do this via my pension fund? My in laws purchased a property 2 months ago and have increased the purchase price by 15% already.
So basically pay £70,000 now - in 2 years time pay the other 50% if I wish to keep the property and let it out, etc or sell if straight away if I have made enough profit??? Can I subsidise this through my pension???
Any help would be much appreciated.
Many thanks
If I have the opportunity to purchase a property overseas for £140,000 and have to pay only 50% now and the other 50% on completion in 2 years time, if I wish to purchase can I do this via my pension fund? My in laws purchased a property 2 months ago and have increased the purchase price by 15% already.
So basically pay £70,000 now - in 2 years time pay the other 50% if I wish to keep the property and let it out, etc or sell if straight away if I have made enough profit??? Can I subsidise this through my pension???
Any help would be much appreciated.
Many thanks
Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
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Comments
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Can I subsidise this through my pension???
only commercial property can be purchased through a pension. And then any money made goes into the pension.
Buy to lets dont count as commercial property.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
I was planning on paying any profits back into the fund - but thanks for your quick response anyway.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0
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French leaseback property (residential flats) is apparently allowed in Sipps as it is counted as commercial.Trying to keep it simple...
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EdInvestor wrote:French leaseback property (residential flats) is apparently allowed in Sipps as it is counted as commercial.
That loophole is expected to be closed anyday now and anyone who has done it will be penalised.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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