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A pensions firm has called for the Chancellor to overhaul stamp duty rates for commercial property and says Sipps and SSAS could rejuvenate the high street.

A portfolio of 140 Sipp and SSAS schemes with total funds under trusteeship of £83m has been sold for just £1.

The Sipp market will ultimately split into two, one of the leading sipp providers has predicted, while another believes platform Sipps will take the majority of business in future.

Changes to pension rules have provided members of older schemes with a "rare window of opportunity" to transfer to a new pension arrangement and retain any higher tax-free lump sum, a Sipps firm believes.

More people will put commercial property into Sipps and SSASs as a result of the end of the death tax, making property investment much more attractive, a Sipps firm has predicted.

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