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Self Invested Personal Pensions (SIPPS)
Newest Review: ... and not set by the revenue ). The rent itself is tax deductable and the rent going to the SIPP goes into your pension fund. In many w... more |
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by Andy M - written on 17/11/07
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In addition you can invest in commercial properties. This reduces the cost of buying a property for a business substantially due to the tax benefits. You do have to pay rent to the SIPP however. Essentially you are a tenant renting the property from the SIPP and you must pay a fair market rent to the SIPP ( 4 - 8 % of the property value, though ...
by upton66 - written on 31/01/07 (Very useful, 887 readings)
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With the easing up of the Pension regulations in April 2006 I opened a SIPP account at the earliest opportunity. Basically a SIPP (Self Invested Personal Pension) is an opportunity for every man, woman and child to save money to draw as a pension. Pensions really are not as complex as everyone makes out and a SIPP is highly ...
by fitznstarts - written on 09/06/01 (Very useful, 1766 readings)
Rating:
In recent years the options available for those reaching retirement with insurance company based pensions has become much more flexible, but with this additional flexibility comes choice and therefore decision. There are currently three clear alternatives for retirement planning and each have their merits. 1. Conventional and Unitised ...
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