Pension Schemes can be used both to purchase commercial property and finance property development. It is also possible to use a pension scheme to assist in the process of residential property development.
A pension scheme can also enable you to work on residential property development, or commercial property conversion, subject to strict rules. Provided those rules are followed, the pension scheme could be invaluable in helping projects get underway
There are a number of different ways a pension scheme can be used, examples include:
- Land and/or commercial property is not classed as residential property and simply obtaining planning permission for a build, or re-development does not change this
- A pension scheme would undertake a development project in much the same way as any developer. This means that you could use your own contacts and tradespeople that you might normally use for such a project;
- Provided a pension scheme can ‘exit’ the project before it is classed as residential, it can be involved in the process a substantial part of the way. You will need to consider obtaining short-term finance to buy the project from the pension scheme in order to then finish it.
Our team of experts have comprehensive knowledge of the pension scheme market and can help you every step of the way.
We work exclusively with Professional Pension Trustees who will assist you in the setup and operation of your own pension scheme, and provide you with access to the resources you need to operate your pension correctly.