Self-Invested Personal Pension
Property Purchase
Commercial property may be purchased through the SIPP, as an asset to provide retirement benefits.
An independent valuation of the property must be obtained prior to purchase. If there are insufficient funds available within the SIPP it is possible to borrow to buy the property.
Rowanmoor Trustees Limited, as independent trustee, will co-own the property with the SIPP member.
Rowanmoor Pensions will appoint a solicitor who has experience in dealing with SIPP property purchase. Pre-approved legal documentation will be used that will assist the process.
Please refer to Rowanmoor Pensions for guidance if you are considering property purchase as there are other issues, for example potential contamination from asbestos, which may need to be addressed.
All SIPP property investments must be insured under the Rowanmoor Pensions Property Insurance Policy, to ensure that adequate cover is maintained. The Rowanmoor Pensions Property Insurance Policy offers comprehensive cover at competitive rates. This insurance will be held in the names of Rowanmoor Trustees Limited and the member. Further information can be found in the Property Insurance Key Features.
More detailed information about property purchase can be found in our literature library.
This information relates to the Rowanmoor Pensions SIPP.