15 November 2005

Property As Pension

People should only consider investing their pension in property if they have a fund worth at least £600,000, a pension consultant is warning.

New rules come into force on April 6 next year which will enable individuals to invest their pension in residential property for the first time.

Some commentators have predicted the change will lead to a boom in the buy-to-let market.

Others think people will try to take advantage of the rule by putting a holiday home or even their main house into their pension fund.

More on SIPP's here.