Top 5 reasons to use a SIPP to buy land
More people are turning to land or property SIPPs (Self Invested Personal Pensions) than ever before. Crown World (http://www.crownworld.com/), leading specialists in land investments in the Cayman Islands, works with IFAs to help clients use profitable Cayman land investment as part of their pension. Here are the top 5 reasons people use a SIPP to buy land.
- 1. Control
The UK pensions crisis has left many feeling a loss of control over their financial future. With failing private sector pensions and a state pension that barely covers the basics, let alone provides for the kind of retirement most of us would like, a land or property pension looks far more attractive. With the help of an IFA, the investor is in control of which land or property investment they choose for their SIPP.
- 2. Choice
Choice is a benefit of SIPPs in general – the investor can choose from a range of investment vehicles, including property and land investments. Once the investor has chosen land investment, they can choose which land product they use for their land pension. There is also a wide choice when it comes to taking the SIPP benefits upon retirement.
- 3. Tax Efficiency
SIPPs allow for multiple pension contributions and are entitled to full Income Tax and Capital Gains Tax relief, making them highly tax efficient. The SIPP fund can be passed on to whoever the SIPP holder chooses, without incurring inheritance tax.
- 4. Flexibility
SIPPs offer flexibility – the holder does not have to put all their eggs in one basket and just rely on land investment for their pension. They can hold their land/property SIPP alongside other SIPPs. They can also transfer existing or frozen pensions from employers into their SIPP. There’s also flexibility in not having to solely rely on a British state pension. The investor who chooses to buy land in the Cayman Islands for their SIPP is essentially widening their pension portfolio to include an overseas pension.
- 5. Solidity
Finally, a land pension is solid and tangible. Anyone who has felt let down by a mismanaged pension made up of rogue investments will be attracted to a tangible land investment which can be visited and seen with their own eyes.
Find out more about land investments in the Cayman Islands and how they can help you shore up your family’s future at http://www.crownworld.com/.
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