Types of SIPPs
The GPC SIPP
The GPC SIPP can be used to purchase freehold or leasehold commercial property with or without the assistance of borrowings.
The property can be purchased from either a connected party including the client themselves or from a completely independent third party. The SIPP can also purchase a property jointly with another individual or entity. Properties can be purchased or transferred into a SIPP from an existing pension arrangement. The property can be leased to the member’s own company (on commercial terms) or a third party.
The GPC SIPP cannot purchase residential property.
GPC SIPP Ltd have recently reduced our ‘Express’ set up fee to £nil (annual admin £280 per year), the Express fee schedule is fixed and transparent with no additional transaction charges for any of the underlying assets, unlike many other SIPP providers.
We want to aide your client’s in building their wealth via our entry level ‘Express SIPP’ offering. The investment flexibility available within GPC Express SIPP remains enormous, with literally thousands of regulated investment products (and UK commercial property via our full SIPP arrangement) available to your clients;
- Unit trusts and OEICs
- Cash held in a dedicated interest bearing account
- DFM Platforms
- Stocks & Shares
- Bonds & Gilt
Your client’s can switch to our ‘full SIPP’ including commercial property at a time that suits them and only the relevant property purchase fees will apply.