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Saturday, November 24, 2012

Property pension

A recent survey of landlords reveals that more than 80% of private landlords intend to us their property portfolio to fund their pension.

The Survey by BDRC Continental found that 4 out of 5 landlords interviewed intended to live off rental income or sell off their properties to fund their retirement years.

Mark Long, director at BDRC Continental, said: "Landlords consistently tell us that they see their property portfolio as forming a critical part of their pension provision for the future."

Property Hawk has been advocating for years the long-term benefits of residential property investment and it's use as part of an overall retirement plan.  We have also urged government to give this asset class the same tax advantages as other investment products held within personal pension schemes such as SIPPs.  So far to no avail!
 
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