Get a Pension on your property.

Cornish Boy | 21:24 Wed 09th Mar 2005 | Business & Finance

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Is it wise to use part of your property for a pension.

Be told you can say use half for pension on a insurance policy and still leave other half to family, this would give you a good pension...anyone done it..is good ...any downsides to it...

would like to hear from any one done this.

SEEMS a good way...BUT... like for you to tell me if it worked for you.....Thanks.

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AlanS107

It is not possible to include residential property in a pension, only commercial. But the rules are changing in April 2006 where you will be able to include a residential property in a sipp pension. It is not 100% clear yet how this will work. I suggest you go to www.fool.co.uk and click on | Discussion boards | Managing your finances | Self invested personal pensions | where you will be able to read lots of questions and answers on the same subject and be able to ask questions to the many experts on the board. It's free to join.

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