Although we are experts in all aspects of self invested pensions, we have gained a very wide range of experience in handling commercial property and land transactions in particular.
We consider commercial property on the following basis:
We have a number of types of property / land, such as:
In order to assess a particular property as an investment of your pension scheme we will require a Solicitor to be appointed to prepare a report on title, to conduct appropriate searches and enquiries, to handle the transfer of funds and contracts and to check leases.
A surveyor will be required to prepare a valuation report, to include the property value, rental value and insurance reinstatement value. Transactions with connected parties must be done on commercial terms.
The property must be insured on a commercial basis, with the interest of the pension scheme noted. If you do not have insurance then we can obtain a quotation for you from our insurers.
We have published a number of factsheets covering specific types of transaction:
The Minerva SIPP can invest in a wider range of assets including commercial property and land, on an individual or group basis. Any combination of permitted investments may be made within a Minerva SIPP including deposit accounts, DFM, open market platform/wrap accounts, stockbroker accounts and trustee investment plans, all held together within the same SIPP.
SIPP Lite is a lower cost option, for those that do not require multiple investment accounts, or access to commercial property and land at outset. SIPP Lite members are restricted to a maximum of one investment account, to run alongside the default SIPP bank account. This investment account could be another bank account or ONE of the following: stockbroker account, DFM, open market platform/wrap account or a trustee investment plan. For individuals that require additional investments at a later date, including commercial property and land, they can upgrade their SIPP Lite plan to a Minerva SIPP.
A Small Self-Administered Scheme (SSAS) is a type of UK registered pension scheme. Each SSAS is governed by its own trust deed and rules and is a separate legal entity to the sponsoring employer. The sponsoring employer establishes the SSAS and invites members to join. Any individual employed by the sponsoring employer (or a participating employer) may join the scheme and all members are appointed as trustees alongside the professional trustee. SSAS trustees have a very wide range of investment options, including the ability to make secured loans to the sponsoring employer of up to 50% of the net asset value of the scheme, subject to certain conditions.
We have been operating in these markets for over 20 years. The SSAS business was formed in 1997, and in 2003 we launched our flagship product, the Minerva SIPP. The range is completed by SIPP Lite, which has been available since July 2012.
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