Self Administered Retirement Trust (SART)

E

eoghank

Guest
As someone who would like to establish more control over my pension / investment choices, I am very interested in the SART or SSAP schemes offered to proprietary directors.

I was excited to learn of the change in law in 2004 allowing these pension schemes to borrow to acquire properties. I understand that all property purchases must be at "arm's length" and that you cannot place a property you already own into a SART.

In my particular situation I have placed a deposit (7%) on a UK investment property, which is not due for completion (and full payment) until March '07. This deposit was placed before I had a SART in place. If I establish one before March '07, when the full payment is due, can I do this through my SART fund?

Thanks in advance for advise.
 
I suggest you talk to your Pensioneer Trustee. They are the experts in this area and will be able to advise. Strictly speaking I reckon this investment may breach the rules of the SART.
 
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