Joint investment with other pensions

The background

A solicitor’s practice, operating as a partnership, were looking to buy a new office to expand their practice but didn’t want to involve their bank by raising a loan.

What we did

The ten partners each had their own pensions with various pension providers. These were all transferred into Self Invested Personal Pensions together they purchased the new offices in equal shares within a Group SIPP with the remaining moneys they each held within their individual SIPP’s invested in a portfolio of Collective investments.

What we achieved

The new office was purchased without involving their bank or raising any loans. The rental income was paid into the Group SIPP and cascaded back to their individual SIPP’s allowing them to invest themselves. The rent reduced their income exposd to tax offering substantial tax savings.


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