SIPPs/SASSs and Pensions
Blacks Solicitors’ Property team specialise in providing legal advice regarding pension property across England and Wales.
Tax efficient ways in which you can plan for the future are wide and varied but it’s something everyone has to consider.
Purchasing a commercial property is a common way to invest a pension fund; not only is there a valuable and saleable capital asset, there is also a means of income throughout the ownership in the form of rental income.
Two of the most common forms of pension investment schemes are the SIPP and the SASS.
Self-Invested Personal Pension (SIPP)
SIPPs are UK government-approved personal pension schemes, which allow individuals to make their own investment decisions from an HMRC approved range of possibilities. SIPPs are offered by most pension providers.
Small Self-Administered Pension Scheme (SSAS)
SASSs are generally set up to provide retirement benefits for a small number (usually no more than 10), of a company’s directors and/or senior/key staff. They can be open to all employees and their family members, even if they don’t work for the employer.
Blacks’ Property team has the full range of skills and experience in dealing with these matters, and we regularly assist both professional pension scheme providers, and individual members. Examples include the sale, purchase and finance of investment properties and enabling the owners of a business to lease business property owned by a pension fund.
For more information about Blacks’ services, or for a free no obligation discussion, please email or call our Property team today on 0113 207 0000.