Pensions and rental properties?
#1
Scooby Regular
Thread Starter
Join Date: Feb 1999
Location: Cardiff. Wales
Posts: 11,758
Likes: 0
Received 0 Likes
on
0 Posts
Pensions and rental properties?
Anyone know anything about the new Gov proposal to allow ppl to use a rental property as part of their pension scheme.
Chip
Chip
#2
Chip its quite complicated and not so clear. This is probabaly not the best place for info. Try www.housepricecrash.co.uk , under main discussions there is a sticky named 'the SIPPS myth debunked'. Worth reading, lots of views
Good luck, I'm looking into it myself and am very confused!!
Good luck, I'm looking into it myself and am very confused!!
#3
Scooby Regular
Join Date: Sep 2003
Location: Scoobynet
Posts: 5,387
Likes: 0
Received 0 Likes
on
0 Posts
This has been so hyped up its unbelievable.
In short its only really worthwhile if you have a very big pension fund and are a higher rate tax payer.
Also remember this is likely to give the housing market (well 'cheaper' end of it) a short-term boost next spring (get ready to hear Halifax/Estate agents go into over-drive) as people blindly pour yet more money into property, but you can bet the smart investors wont be buying any then and will be waiting in the wings and buying up the reposessions in a few years time, probably with their SIPPS then.
In short its only really worthwhile if you have a very big pension fund and are a higher rate tax payer.
Also remember this is likely to give the housing market (well 'cheaper' end of it) a short-term boost next spring (get ready to hear Halifax/Estate agents go into over-drive) as people blindly pour yet more money into property, but you can bet the smart investors wont be buying any then and will be waiting in the wings and buying up the reposessions in a few years time, probably with their SIPPS then.
Thread
Thread Starter
Forum
Replies
Last Post