Self-Invested Personal Pension (SIPP) Planning
Planning For Your Future Or Thinking About Retiring? Our Team Can Help You Acquire Your Chosen Investment Property Via Your SIPP.
At Coles Miller we recommend contacting a financial advisor to start the process of setting up your SIPP and considering your options. Once you have decided firmly that commercial property is the one for you, we can advise on the legal issues surrounding your chosen property.
It is possible to use your SIPP as a vehicle to purchase your own commercial property. Where the business owner and the commercial property are linked there can be mutual benefit. The business has an assured landlord and the landlord has a reliable source of income from the tenant.
We will guide you through the legal aspect of ensuring that the commercial property is set up in the best way for you and complies with any SIPP requirements.
How Do I Get A SIPP And How Long Will It Take?
Typically the purchase of a commercial property will take 4-6 weeks. However, with a SIPP the process could take 8-10 weeks to ensure you comply with all SIPP requirements.