The tax advantages of holding a commercial property in a SIPP

Investing in commercial property might not be the first thing that springs to mind when you think about your pension. However, with a Self-Invested Personal Pension, or SIPP, you can do just that. Furthermore, investing in commercial property through a SIPP can allow you to benefit from a range of advantages. What is a SIPP? A SIPP is a type of pension which is available to anyone. They are popular among business owners and the self-employed, as they offer a range of advantages and allow the investor to control how the money ...

‘Minimalist’, ‘Alternative’ or ‘Boomerang’: Which first-time buyer tribe do you belong in?

Last month, we explored the world of DINKYs, DINOs and SKIs; acronyms used to pigeonhole people with similar financial outlooks and priorities. This month, we have three new terms. Only this time, they’re descriptors of the three main types of first-time buyer in the modern market, at least in terms of the methods being used to gather the deposit for their first property. Focusing on deposits According to research from Santander, the average first-time buyer expects to need a deposit of approximately £20,478 toward their ...

For love or money: One fifth of Brits in a financially incompatible relationship

What makes a couple compatible? Factors such as shared hobbies and interests, complimentary personalities and trust are usually the first things to come to mind. What about money? Financial incompatibility may be one of the main reasons for the deterioration of relationships. According to research from Scottish Widows: A lack of shared goals has put a strain on 17% of relationships 17% wish they had discussed finances earlier in a relationship 20% think their partner could save more for the future 27% of people who don’t live together say ...

Lack of financial safety net causes problems for renters

38% of renters say that they would not be financially secure if their main household income was suddenly lost. For most people, not being able to pay rent is their biggest housing worry. According to Scottish Widows, more than half (51%) of people are kept awake by the thought of unexpectedly losing their household’s main income. Other concerns include:     Paying high rent (46%) Property issues, such as mould (36%) Unprofessional landlords (39%) Being forced to commute (26%) Living alone (21%) Given the severity of those concerns, it seems ...