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Property pension fund
oxocubes
Posts: 84 Forumite
Hi does any one know of a sipp or stakeholder where i can invest 100% in commercial property. I want to do this before the end of this tax year.
So far found most companies will only allow a small percentage or that i must consult with an IFA first.
Many thanks
So far found most companies will only allow a small percentage or that i must consult with an IFA first.
Many thanks
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Comments
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Most will allow 100% into property funds. Std life and Scot Wid restrict but cant think of any others off the top of my head.
100% into commercial property isnt exactly a sound move though.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 -
Hi does any one know of a sipp or stakeholder where i can invest 100% in commercial property. I want to do this before the end of this tax year.
So far found most companies will only allow a small percentage or that i must consult with an IFA first.
Many thanks
Do you mean an actual building? You will need a specialist SIPP for this. A lifeco pension will normally offer their own commercial property fund, but may restrict the amount you can put in.
If you want a selection of property fund options (various companies, both unit and investment trusts) then try one of the low cost SIPPs run by https://www.h-l.co.uk or https://www.sippdeal.co.ukTrying to keep it simple...
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I know one chap who became disenchanted with his 9 to 5. Took early retirement and invested his pension fund into a cafe with a SIPP. Although he now works longer hours for less money, he is happy as a pig in .....
You have not left yourself long to sort out a SIPP before April 5th"A nation's greatness is measured by how it treats its weakest members." ~ Mahatma Gandhi
Ride hard or stay home :iloveyou:0 -
Sorry, I read that to mean commercial property funds. Not an actual commercial property purchase. The latter would of course need a SIPP.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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