People must not be seduced into placing property into Self-invested personal pensions (Sipp) once the A-day regulations come into effect in April next year, claims the Actuarial Profession.
In a warning that lists six different reasons why putting property into a Sipp is unwise for many people, the organisation suggests the majority of people would be better off investing in pooled funds rather than the much riskier prospect of individual properties. The Actuarial Profession cautions that although the changes appear to offer an attractive income and capital tax shelter for buy-to-let property, people should take into account the problems of putting a house in their pension fund. Reasons why the move may not be suitable for everyone include a substantial initial outlay in r...
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