Few people are aware they can place their business premises in a SIPP, writes Eddie McGuire. But financial advisers could be well-placed to help their clients do so ...
If you have clients that run their own small business, then you may well be familiar with how big a challenge access to funding still is for small and medium enterprises (SMEs). So, at first glance at least, it may seem slightly surprising that only 3% of SME owners would consider using their pension savings as a funding source by placing their business premises in a SIPP, according to our recent survey of 750 SME owners. But we believe the core issue behind this is that very few people are actually aware that using a SIPP in this way is a legitimate business funding option while, for...
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