You probably knew that pensions attract tax relief but did you know that you can also have control of what they invest into? For example, if you are a higher rate tax payer you could invest a net £100,000 into a pension which would gross up to £200,000. The fund could then be utilised to purchase a £200,000 commercial property or a £300,000 commercial property with the benefit of maximum financing.
You could also roll any other frozen pensions into the pot to increase your buying power.
Advisors and providers of this form of investment are regulated by the FSA (Financial Services Authority). This is because the types of investment and the associated risks and potential returns are so diverse. There are several types of pensions, all of which can invest into managed funds which invest into assets including cash deposits, gold, gilts, shares, property and overseas markets. However, you can have even greater control of how the fund is invested if you set up the right scheme. Therefore, choosing the right advisor and provider are crucial.
We will be pleased to arrange a free, no obligation appointment with one of our recommended, qualified and fully regulated Independent Financial Advisors who will be delighted to answer any questions you may have.