'How do I loom after the people in my
business, including myself?'

'How do I ensure my business
fulfills my personal objectives'

How can I use my pension to
buy a commercial property

The value of pensions and the income they produce can fall as well as rise. You may get back less than you invested.

SIPPs can directly hold Commercial Property including retail premises, offices, industrial premises and the land itself.

SIPPS can hold Commercial Property including retail premises, offices, industrial premises and the land itself.

SIPP Property Purchase
Tax Breaks
Contributions to the SIPP receive tax relief where they are paid by the individual.
When you use the funds from your SIPP to buy a commercial property to be used as your own business premises, you will have to pay rent at commercial rates to the SIPP.However, as usual, rent should be an allowable business expense, so it will reduce the tax you pay on any profits from your business.Also, the rent you pay into your SIPP, less any loan repayments, will grow free of income tax and any capital gain realised by your SIPP will be free of capital gains tax. Please note that the value of your investment can fall as well as rise.
How much can I borrow?
If you wish to purchase a commercial property and have a SIPP then you can borrow up to 50% of the value of the fund in order to purchase one of the above types of property.If your fund is worth £200,000 you can borrow an additional £100,000 to enable you to buy a commercial property worth £300,000. The money the property yields will then be used to pay the interest on the mortgage.

 

Please contact IDFM on 0845 2706160 to discuss SIPPs or SSAS Alternatively email peter@idfmcity.com
Directors Retirement Planning Programme
Keyman Protection
Shareholder Protection
Staff Benefits
Small Self Administered Schemes (SSAS)
Commercial Property Purchase
Business Succession