Transferring pension pot to buy commercial property
Transferring pension pot to buy commercial property
Author
Discussion

Graham

Original Poster:

16,381 posts

313 months

Monday 4th April 2022
quotequote all
is there an idiots guide somewhere to what i can and cant do?

I've got the opportunity to buy some more commercial property, and a pension pot sitting there with about enough in theyre to buy it.

trying to find information without signing up to someone who will sell on my details is a nightmare...



Do i have to pay for a sipp platform or is there any other way of doing it? cant see why i need to pay someone a grand a year to do very little it im going to manage it all myself.

if i do whats the cheapest platform just to put the commercial property in.

obviously once i've bought the building it will need managing to rent out and look after it, can i get one of my companies ( i did set one up to buy another building) to manage it and charge the pension a small fee?


Anyone got any good pointers / experience




CCCS

403 posts

256 months

Monday 4th April 2022
quotequote all
I’ve a commercial property in my Sipp. I believe you’ll have to use a professional administrator.

I’d spend time finding the right one at the outset and understanding all the costs. I’m thinking about moving to https://www.ipm-pensions.co.uk/the-ipm-sipp/commer... in the future.

What’s the value of the property? I think the costs only make sense for property worth at least a few hundred thousand.