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Self-Invested Personal Pensions |

With the recent publicity surrounding the changes in Self-Invested Personal
Pensions, there has been a massive increase in enquiries about buy-to-let
property.
Below are some of the rules on residential property kept in your
SIPP:
- No income tax charges on rental income and no Capital Gains Tax, if
the property is sold
- Income or the capital of your pension fund cannot be accessed until
you reach the age of 50 (55 from 2010)
- You can borrow against 50% of your pension fund for investments outside
your SIPP. The pension fund can only borrow to invest in securable assets
i.e property
- We are not qualified to give advice on the above; however we are happy
to refer you to a SIPP provider.
Dont miss the boat make sure you are fully prepared and ready
to take advantage of the new legislation.
This information is based on the latest understanding of the current regulations,
and awaits the final detailed notes from the relevant authorities
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