Figures frm the company suggested that they saw 170 commercial property and land purchase/transfers in 2016 - a 20% rise on the year before.
Property & land purchase prices ranged from £40k for small retail properties and plots of land earmarked for development to large industrial properties valued over £1.5m.
Jeff Steedman, Head of Business Development for SIPP/SSAS commented:
“Directors of SME companies and smaller retailers continue to use their existing pension plans to self invest into their business. Putting property into pensions remains an excellent tax efficient way for SMEs to grow their pension funds for retirement. The rental income alone can provide excellent growth for their pensions.
"A recent article suggested only 3% of commercial property purchases are carried out using pension fund money and this low figure really surprised me. There is significant potential growth in the SIPP/SSAS property space but the SIPP/SSAS providers and financial advisers do need to work together to educate business owners and their accountants about opportunities.”