Transferring pension pot to buy commercial property
Discussion
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
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
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.
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.
Gassing Station | Finance | Top of Page | What's New | My Stuff


