The legal requirements when dealing with a property held in a Self Invested Personal Pension (SIPP) or Small Self Administered Scheme (SSAS) or seeking to be bought by a SIPP or SSAS can be complex.
At Jackson Lees we have expertise in dealing with properties that are to be bought, sold or leased through a pension fund. We are able to guide you through the potential pitfalls to ensure that your transaction is carried out as efficiently as possible to minimise any potential difficulties.
- A SIPP is a name given to a UK approved personal pension scheme
- A SSAS is an occupational pension scheme and are suitable for directors of private companies; they are most commonly used for private family businesses
- Both will allow a number of investments including the facility to invest in commercial property.