SIPP and SSAS pension schemes offer substantial tax advantages, among other benefits, making them a popular choice for those looking to plan for their retirement.
Our commercial property solicitors have vast experience in assisting clients looking to plan for their future by buying a property through a pension scheme. The friendly and cost-effective team will work closely with you to design and administer a bespoke strategy to ensure the best deal possible. They can advise you on:
- Buying and selling commercial property into a pension fund
- Lettings, sub-lettings, and assignments
- Securing a mortgage against a pension property
- Transfer of properties between pension funds
- Documenting trustee’s obligations
There are two main methods of buying a property through a pension. These are Self-Invested Personal Pension (SIPP) schemes and Small Self-Administered Schemes (SSAS). They allow individuals to purchase commercial property either to use as business premises or as part of their investment portfolio.
An SSIP is a pension plan that allows an individual to choose how their savings are invested. An SSAS can be set up in the name of a limited company to benefit the directions and family employees. Trustees are appointed so that they can control the scheme’s assets and investments.
We aim to identify and resolve any possible issues at an early stage as part of the comprehensive service we offer. Everyone involved will be kept fully informed throughout and we will ensure all legal documentation is in place to provide you with peace of mind.
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