PRLog - Oct. 17, 2012 - Stadia Trustees Limited, the pensions company specialising in the administration of Self Invested Pension Plans (SIPPs), has launched The Property SIPP, a new HMRC registered SIPP for UK pension scheme members who wish to invest in UK commercial property through a competitively priced SIPP.
The Property SIPP provides a highly flexible, tax-efficient vehicle for property investment, giving investors the opportunity to purchase commercial property at the competitive yearly administration fee of £550 +VAT for the SIPP and £250 +VAT per property*.
Stadia Trustees’ new service is tailored to suit those who wish specifically to invest in commercial property, such as business premises, industrial units or hotels, as well as offering them the option of borrowing to help with the purchase, subject to restrictions.
The Property SIPP is particularly suitable for business owners who can use the Property SIPP to create not only long-term savings but also release the net value of their commercial property into their business. Under the scheme, the company’s premises are purchased by the SIPP, releasing cash into the business. Rent paid by the company to the SIPP then acts as an investment return to the SIPP.**
Tony Hales, Chairman at Stadia Trustees, said:
“At Stadia Trustees, we strive to be at the forefront of the SIPP market, offering investors new and improved FSA regulated products to suit their requirements. The Property SIPP is a new addition to our SIPP offering which has been developed to fulfil investors’ need for a cost-effective and flexible vehicle for property investment and we are confident that its extremely competitive rates will make for an attractive proposition for those wishing to use their pension fund to invest in UK commercial property.”
For further information about the Property SIPP, please contact Stadia Trustees on 01206 594020 or visit www.thepropertysipp.co.uk.
* If applicable, a supplemental fee of £100 + VAT for VAT registration and if in income drawdown fees of £150 + VAT can incur. Third party fees, such as solicitors’ fees are also applicable.
** All transactions must be at market rates.
For further information please contact:
Sarah Evans-Toyne, Melanie Shelley or Chiara Barreca (email@example.com)
020 7776 0520/ 07769 145 122
Notes to editors:
Stadia Trustees is a leading UK pensions company specialising in the administration of Self Invested Personal Pensions (SIPPs). Since 2006 Stadia Trustees has been offering SIPPs with competitive and transparent fees to investors through its flagship product, the Essential SIPP. The company is committed to expanding choice for sophisticated investors by allowing investment across the full range of HMRC-permitted investments. Its newly launched Property SIPP is a packaged product for investors seeking to buy commercial property through their SIPP at low cost.
Based in Colchester, the team at Stadia Trustees is made up of highly experienced SIPP administrators with experience from across the pensions industry. Stadia Trustees is a member of the Association of Member Directed Pension Schemes and is authorised and regulated by the Financial Services Authority (464763). Registered in England and Wales, registration number 5751640.