
Our investors can use pension funds to invest within our land developments using a Self Invested Personal Pension (SIPP).
A Self Invested Personal Pension, known as a SIPP, is a tax efficient way of saving for retirement, one which allows the investor to select and manage their investments with more control than with ordinary personal pensions. The range of investment options available with a SIPP allows an indicidual to invest across all asset classes.
Any type of pension can be transferred into a SIPP, for instance many people have several ‘frozen’ pensions from previous employment or businesses and / or personal pensions that they can transfer.
An investor using a SIPP can make further contributions ongoing into their SIPP and is entitled to full tax relief which means that if a 40% tax payer paid in £100,00 it could only cost him £60,000.
It is also possible to increase the amount of funds available in a SIPP by borrowing up to a further 50% of the value of the SIPP. For example if a SIPP has funds of £200,000, it can borrow another £100,000 making £300,000 available to invest.
This is a complex area and it does need professional advice. We have teamed up with a leading independent wealth management company specialising in financial planning.
We can arrange for a no-obligation assessment of your existing pension and retirement provision at our cost for potential investors to assess whether their existing pension plans may be transferred into a SIPP.
If you are interested in investing through a SIPP contact me today!
01704 544438 - Caribbean Land
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