A-Day borrowing is driving GSipp growth

The IFA firm, part of the Aegon Group, says since A-Day it has seen an increase in company directors, solicitors, accountants and other professionals wanting to buy property either to lease back to their own business or as an investment leased out to a third-party. It suggests this increased interest in group sipps has stemmed from the A-Day changes which reduced the level of borrowing people could utilise from their Sipp in order to buy commercial property. Under the original rules, Sipps could borrow up to 75% of the purchase price of the property, meaning if they had a £100,000 fund ...