Sipps were introduced in 1989 by Joint Office Memorandum 101 and included in the list of acceptable ...
Sipps were introduced in 1989 by Joint Office Memorandum 101 and included in the list of acceptable investments was commercial property. This was a major step forward for personal pensions and removed one of the fundamental differences between Sipps and SSASs. Commercial property has always been attractive both from a pure investment point of view and from the point of view of an individual paying rent to their own pension fund rather than a third party. The tax efficient structure of pensions has enhanced this appeal. Between 1989 and today the extent of this facility has become clearer...
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