Surge in new SIPPs investing in UK commercial property

In the first ten weeks of the year, 41% of new SIPPs with Dentons invested in UK commercial property, up from 19% in 2012. One reason for the surge is business owners taking the opportunity to buy premises from which they will, or already do, trade. "If the business is going to pay rent, better into a tax advantaged pocket of their own wealth than someone else's," Martin Tilley (pictured), director of technical services at Dentons, said. For other investors, property is attractive because it allows them to engage with their pensions in a tangible way, said Tilley. Several Denton...