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Guardian's Simplistic Take On Sipps

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http://money.guardian.co.uk/weekly/story/0...1587188,00.html

'Commentators have talked breathlessly about how the well-off will enjoy an effective 40% discount on a second home. However, for many people it will actually be even better than that. As we show here, the new rules mean a high earner will effectively be able to shell out just £114,000 of his or her own cash to buy a £250,000 house. And if they then rent the house out, all the rental income is tax-free and invested back into the pension fund, further boosting their retirement nest-egg.'

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SIPPS have been done to death in this forum.......arguing about what effect they'll have on the market.....

IMO anything that encourages more investment in property is a bad thing.......!...........and anything discouraging it is a good thing..........So SIPPS suck......Like Stakeholder pensions they're aimed at average earners but only the well off will realise sizeable benefits........

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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