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. This is a complex area and it does need professional advice. ........... recommend one of the UK’s leading firms of independent financial advisers who specialise in wealth management, pensions, investments and tax planning. Pacific IFA will carry out an initial review at their cost for potential investors, to assess whether their existing pension plans can be transferred into a SIPP.
If an investor already has a SIPP, or once the SIPP has been set up, the investor selects the property they wish the SIPP Trustees to invest in. 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 available £300,000 to invest.
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 £100,000 it could only cost him £60,000.
For further details of how to invest in a Harlequin property using a SIPP and the fees associated with this please contact .................. and we will be happy to introduce you to an independent pension specialist. There may be an initial set up fee and ongoing annual charges associated with the management of the SIPP.
............... and Harlequin Property do not give financial advice. While we believe that the properties represent excellent investments, each investor must undertake their own research to satisfy themselves before proceeding. |
