Iorps II regulations state that property cannot form more than 50% of a pension.
But I see that a single member ssap has until 2026 to comply with this.
I have just opened a single member ssap and in the process of transferring various pensions into it. I also have an opportunity to purchase a really good property that would be approx 90% of current total pension value.
Am I right to think that I can still do the property purchase and have until 2026 to have at least 50% in regulated funds.
But I see that a single member ssap has until 2026 to comply with this.
I have just opened a single member ssap and in the process of transferring various pensions into it. I also have an opportunity to purchase a really good property that would be approx 90% of current total pension value.
Am I right to think that I can still do the property purchase and have until 2026 to have at least 50% in regulated funds.