Welcome to SIPPs Property
SIPP stands for Self Invested Personal Pension, and is exactly what it says on the tin; a pension fund that you choose your own investments to build. The investments you can add to a SIPP include commercial and residential property, stocks and shares, corporate bonds, and alternative investments like crops in bamboo plantations. The best thing about a SIPP is that the government has promised to double the amount invested, and there are also tax benefits, but this will be covered in more detail in the resources section.
Speaking of the resources section, that is what this site will be focussed on; becoming one of the forefront resources on SIPPs on the internet. We will explain all about the investment vehicle, how to maximise your retirement fund, if, when and how a SIPP should be used in conjunction with other investments, and looking at the best SIPPable property investment opportunities around on a regular basis.
SIPP Property Selling Well
For example, anyone looking at SIPP property investment in the last month or two will have heard about the Tortuga Beach Resort and Spa at Cape Verde, which launched sold out in the middle of this year. Of the buyers, 94% were British, and a large majority bought property to add to their SIPP. The next resort by the same developer, The Dunas Beach Resort is already selling fast, and again many buyers are SIPPing units in the development.
The Perfect Time for the Rise of SIPP Property
While SIPP has many new attributes, most notably the freedom to invest however you want, the idea of investing for your own pension is certainly not new. But it is that freedom that is causing SIPP investment to soar.
During the financial crisis, when stock markets crashed, pension funds that had invested in stocks and shares lost billions, and all the people who had bought into those pensions now faced getting back less than they had paid in, and less than they needed to live in their old age.
At the same time more and more pressure is being put on all of us to take care of our own pensions, because the population is living longer, and there are soon to be more people drawing state pensions than working to support it.
So, with this pressure, and then so many people having their pension hopes dashed, the government came under pressure to do something about the situation. Enter SIPPs stage left. The ability to control what we invest in, to build our own pension, and to have the government double it is obviously a very appealing prospect. Investing in property as part of a SIPP is seen as a stable option, because property will almost always grow in value above inflation over the long term.
