Pensions - Articles - SIPP and SSAS provider reports £40m worth of new properties

 Highlights:

 Jeff Steedman, Head of Business Development for SIPP/SSAS at Xafinity, commented; “We continue to see more and more of the great British public investing in commercial property up and down the country. Putting property into a pension is an excellent tax efficient way for SMEs to grow their pension funds for retirement.
 
 “With stock markets once again in turmoil, most business owners and the self employed see bricks and mortar as a long term solid core investment for their pensions. And more than 70% of our clients are “owner occupiers”, so their businesses are the tenants giving them great long-term security. The rental income alone can provide excellent growth for the pension.”
 
 Xafinity is one of the largest and most experienced SSAS providers in the UK. Mr Steedman added; “We are also seeing an increasing number of “second hand SIPPs” as financial advisers and their clients see fit to move their pension’s provider in light of increased fees and poor service. In fact we have designed and launched our property special offer to subsidise the costs of moving provider and help these people make a fresh start.”