It Can Help Kick Your SIPP Earnings Into High Gear

Category: Finance, Real Estate.

Beth Collingz, PLC International Marketing, Overseas Sales Director Networks, for Pacific Concord Properties Inc s Lancaster Brand of Condotels in the Philippines said a closer look at the figures released by the UK s Office for National Statistic showed that of those who left last year 196000 were British citizens while 189000 were long term migrants who had been living in the UK for more than a year.

Surprisingly it seems that one of the main reasons for the British to pack their bags is the British weather. The surprising emigration figures begs the question why are people leaving in such numbers. Sun starved Brits have had a very wet summer and the grey skies which are meant to be blue have hardly appeared. It seems that this year, with the terrible weather we have experienced in July and throughout the summer, many people are not prepared to sit through a year- long winter. Collingz advises: Brits are familiar with the idea that we only have two seasons- the winter and July. Recent research from PLC s UK client base found that favorable weather is a key reason consumers give for retiring to the Philippines.

Interest in Philippine property rose by 70 per cent year- on- year in June and by 60 per cent in July. Some 60 per cent of buyers for our Lancaster Condotel units told us that the climate is one of the main attractions for retirement in the Philippines. People buy property abroad for many different reasons but a depressing British summer is enough to spur any overseas property buyer or investor into action commented Collingz. One of the key ways of doing this is to carefully choose the method for the transfer of your assets into your new home and availability of local financing for property purchases is a key factor. Fort those considering emigrating to the Philippines and to ensure you get the best possible start in your new home overseas you will want to begin with as much money as possible. The Lancaster Brand of Condotels in the Philippines offers no- prequalification 12 year payment plans extended by the developer Pacific Concord Properties Inc.

Collingz explained that the Self Invested Pension Plan[ SIPP] is a personal pension plan but with one very significant difference: administration is separate from investment content, giving the plan holder freedom to choose for himself and change the investments within it. UK Tax Payers can also taking advantage of tax incentives and Investing their Self- Invested Pension Plan[ SIPP] In Philippine Condotel Investment Real Estate for Rental Income and Retirement. The long- awaited rules on what savers can include in their personal pension plans were unveiled in April 2006 by HM Revenue& Customs. The only stipulation is that SIPP holders may not stay in their rooms. The Guidance Notes confirm that the Self Invested Pension Plan[ SIPP] allows holders to invest in hotels such as the Lancaster Brand of Condo Hotels in the Philippines. With more nights available for paying guests, this not surprisingly increases the room owners returns.

A year or so ago, few people in the UK realized that they could manage their Pension Plan portfolios themselves, and even fewer knew that they could invest their SIPP retirement money in homes in the sun which now prove to be among the most popular potential investments to include in a SIPP. It is estimated there are now more than 70, 000 plans holding over �14bn. If you re considering using your SIPP to invest in real estate, there are some excellent reasons that you should choose Philippine Condotel Investment real estate to drive your retirement portfolio into high profit margins. Investing in foreign real estate is neither as risky nor as tricky as a lot of people would have you believe. The Philippines is ideal for this type of investment because a SIPP can establish title to a property in a country whose legal framework recognizes trusts and a SIPP is simply another form of trust. While land and housing prices in the U. It s still possible to buy a preconstruction Condotel suite at Lancaster The Atrium located in Metro Manila, for less than, Philippines GBP �25, 0000.

K. have soared astronomically in the past decade, the world real estate market is a far different story. Lancaster- The Atrium is a" Full Service" Condominium Hotel offering Studio, Two and Three, One Bedroom Suites for sale. This makes Lancaster Suites one of the Hottest Investment Opportunities in the Philippines. To be completed and ready for turnover from December 2010, and will provide unit owners with premier residential condo units with the option of enrolling their units in the Lancaster Condotel Rental Pool and earn Rental Incomes[ at current purchase levels] of some 8- 14% ROI per annum as Owner Non- Residents when not using their units through Condotel Management. The beauty of holding property in the Philippines is the low cost of property taxes and maintenance. When you add in the tax- protected status of investments made in your IRA, and the 12- 16% returns through rental income through the Condotel advantage, you have an incredible ROI on a purchase of Philippine Condotel investment real estate enthused Collingz.

A GBP �25, 000 Condotel suite may set you back GBP �100 in property taxes per year, and maintenance costs are similarly low. What s the downside about owning Philippine Condotel Investment real estate as an SIPP investment? The self directed pension plan rules about benefiting personally from your investments are strict- you are not allowed to make use of any property owned by your SIPP, or you risk losing its tax- protected status and worse yet you could face penalties from HM Customs& Excise. You cannot reside at your investment property as long as the SIPP is titled as the owner of the property. You can, rent out your, however SIPP investment for steady income- putting the profits and cash flow into your SIPP, or sell your Philippine Real Estate Investment for immediate profit, as long as those profits remain inside the SIPP. It can help kick your SIPP earnings into high gear. If you re looking for an unusual and high earning investment for your SIPP, then take a serious look at owning Philippine Condotel investment real estate.

With an impending slowdown of the UK. housing market and failing pension plans, many investors are turning to using their SIPP s to invest in overseas properties and earn tax- free or tax- deferred income. With preconstruction property appreciating at some 20- 30% per annum not only does the Real Estate Appreciation look good but the rental income is in excess of what many Pension Plans offer for the same or similar investment. This creates an outstanding opportunity for by offering self- directed pension plan vehicle to invest in the Lancaster Suites Atrium Tower preconstruction units. Beth Collingz says that many new investors are looking to replace failed pension plans and other future saving schemes with a solid investment in Real Estate. Most company pension plans are insufficient as are Government Pensions. Clients are looking for investments that will give them an income for retirement as an alternative to traditional private pension plans that have failed.

Bank rates for Savings accounts are at record lows. Condotels in the Philippines fit the bill. Savvy investors are now looking for a more solid investment with potential for monthly income. This potential, high rates of rental returns from Condotel Investments, currently from 8% up to 14% per annum, opens up a huge market not traditionally looked at by Real Estate Agents and Brokers whom all so often run around looking for normal residential profile buyers without looking at the by far bigger picture of investments, investing and retirement. "We re here to help our clients, educating our clients and advising them of emerging investment opportunities. Adds Collingz. Self- Invested Pension Plans and the Lancaster Suites Atrium Condotels, fit this bill exactly.

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