'Off Your Head' to Put Overseas Property in Personal Pensions

Summary

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ANYONE buying an overseas property as an investment for their pension fund, as allowed by new government rules next year, "would have to have a screw loose", a pensions expert said yesterday.

The new simplified pension regime from April 2006 has been hailed by the government as offering people saving for retirement new freedom to invest in residential property, fine wines, paintings, and other assets through their self-invested personal pensions, helping to spark a huge sale of SIPP products in recent months.

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Extract

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'Off Your Head' to Put Overseas Property in Personal Pensions

However, Andy Cowan, of independent advisers and wealth managers JS&P, told...

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