Can residential property work in SIPPs?

This year’s Budget revealed few surprises. However, one interesting development, which can radically affect SIPPs, was buried in accompanying documents. “The government will explore with interested parties whether the conversion of unused space in commercial properties in high streets and town centres to residential use could be encouraged by amending Investment Regulated Pensions Schemes rules. Any amendments would need to be consistent with sound public finances and the government’s wider pension strategy,” Budget documents said. While residential properties such as family homes are ...