Alan Pink explains how a judicious use of HMRC-approved pensions can be a useful and tax-efficient part of your overall property investment strategy.
Matters pension-related are an awful mystery for many people. The complex and specialist rules, which seem to be constantly changing, together with a perceived tendency on the part of Chancellors of the Exchequer to mount ‘raids’ on pension schemes, have all tended to put the average punter off pensions.
One suspects that, for most readers of this publication, their property portfolio is their ‘pension’; that is, they look to secure a passive income in their later years simply by owning a lot of properties and living off the rent. This is a perfectly sensible strategy, and effectively amounts to a kind of ‘unapproved’ pension scheme. However, there can be times when a scheme