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The Professional Practices SIPP offers the opportunity to
increase your buying power.
Self-invested pension plans (SIPPs) have been a feature of
progressive pension planning over the last decade or more, and
rightly so. A SIPP offers individuals flexibility, control over
investments, and the ability to hire and fire advisers without
penalty. But, unlike private company directors, the self-employed
have been denied the ability to use pension savings to assist in
their businesses – until now.
The sweeping reforms to pension regulation enable a barrister to
use pension funds to purchase commercial property, including the
chambers' own offices. Three important advantages flow from
this route – tax relief on contributions going in,
arms' length rent payable to the pension fund (deductible as an
expense to the business, effectively another contribution), and tax
free capital growth on the building and the income
