SIPP Investments

Industry offer SIPP compliant investment products classified as a commercial property asset.

In April 2006, the rules on what savers can include in their self invested personal pension plans were published by HM Revenue & Customs. The Guidance Notes confirmed that the Chancellor has permitted SIPP holders to invest in overseas property resort. The only stipulation is that rooms must be fully owned in a SIPP and SIPP holders may not stay in their rooms, but with more nights available for paying guests, this only increases the room owners' returns.

Since these Guidance Notes were published we have been able to help clients purchase rooms through their SIPP.

A Self-Invested Personal Pension (SIPP) is a UK personal pension scheme whereby the investor can have greater personal control over the type of investment bought. SIPP's provide broad and varied investor choices for investment asset classes and allow the investor to gradually, in a tax-efficient manner, build up a significant sum of money. When you come to retire, you are then able to convert this to a pension or alternatively to a reduced pension plus tax-free cash sum. Individual contribution to a SIPP automatically receives basic-rate tax relief. Income received from assets in the scheme remains UK income tax free and capital appreciation growth remains free from capital gains tax.