Commercial Property – SIPP and SSAS

“Direct investment into commercial property continues to prove a popular choice for clients. With the substantial tax advantages afforded to self invested pensions (SIPP and SSAS), it’s not surprising that many clients turn to their adviser and solicitor connections for help and guidance on how to achieve their property goals through use of pension monies.

Every property is unique. The funding of every property purchase is unique. The solutions required by clients are therefore sometimes challenging for advisers.

In this presentation, Stephen McPhillips, Technical Sales Director at Dentons Pension Management Limited, aims to outline a vast array of different types of property that can be acquired through SIPP and SSAS, as well as some which should not be held in them. In addition, the presentation will provide useful information on some of the more challenging aspects of property purchase such as pension scheme borrowing, VAT and part / joint purchases of property along with other parties.

Through a range of real-life case studies, the presentation aims to equip advisers with the necessary tools and knowledge to guide a client through the initial stages of any property enquiry.

To round-off, Stephen will outline the key differences between SIPP and SSAS and highlight some planning opportunities.”

Why bother participating in this market?

• Property, as an asset class, has distinct features and benefits for clients
• Advisers who choose to avoid commercial property enquiries from clients run the risk of another adviser stepping-in to take the client away
• Purchase of property by SIPP / SSAS can help to re-capitalise a client’s business, where the vendor is the client’s business
• Advisers with solicitor connections can benefit from two-way referrals
• Clients can feel part of a joined-up advice process where all professional advisers are working in conjunction with each other to achieve the client’s goals
• Work on providing a solution to the client’s needs can and should be remunerated, thereby generating fee income to your business

Ongoing investment advice is likely to be required by clients as they look for an investment home for excess rental income, new contributions, etc.

We look forward to seeing you at the above event. The NII is committed to the health and wellbeing of our members and guests and are following the government guidelines regarding coronavirus. As the event approaches we will keep you up to date, should there be any changes to the arrangements.

In consideration of the current situation regarding Covid-19, all attendees are encouraged to carefully read and closely follow the latest government and public health guidance in advance of attending any public events. It can be found here.”

• Understand why commercial properties are bought via self-invested pensions
• Understand funding options for commercial properties
• Understand how differing client property requirements can be met via self-invested pensions
• Gain an appreciation of the range of properties which can be owned in self-invested pensions
• Understand where self-invested pensions can assist in business purchases which involve property
• Understand the key differences between SIPP and SSAS

Belgrave Rooms, 25 Goldsmith Street, Nottingham NG1 5LB https://www.belgraverooms.co.uk/index.php/location

There are a limited number of free car parking spaces available at the venue. Access to the car park is via Chaucer Street and is on your right under a brick arch after the QPark entrance. Please buzz for the barrier to be lifted stating that you are attending a Nottingham Insurance Institute event.

12:30 – 14:00 pm A light buffet and refreshments will be served at 12.30 with the session starting at 1 pm.

As your local Institute Council, we put a lot of time and effort into arranging a full and varied calendar of CPD events throughout the year to help you, and other members of the Nottingham Institute, to keep up to date and to fulfil your CPD obligations. We also spend money on venues and providing catering. It is disappointing, therefore, when members fail to attend without notice as it potentially deprives another member the opportunity of attending.

In addition, many of the speakers at our CPD events provide their valuable time and expertise on an entirely voluntary basis. Many travel to come and speak to you, our members. We want to avoid situations where members fail to turn up and our speakers finding themselves speaking to empty seats.

If you book on to any event and you find you are unable to attend, we would ask that you kindly let us know in advance so that we can ensure other members do not miss out.

If you have any special requirements, be these of a dietary, disability or religious nature, please respond to your booking confirmation email with the details.