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For immediate issue
4 February 2019
Xafinity SIPP/SSAS reports £86m of commercial property transactions in 2018
Xafinity SIPP and SSAS Services, part of the XPS Pensions Group, has reported an increased level of activity in commercial property transactions in 2018.
Commercial property transaction highlights:
Wider SIPP/SSAS client highlights at the end of 2018 include:
Jeff Steedman, Head of Business Development for SIPP/SSAS at Xafinity commented: “Commercial property remains at the heart of the full SIPP market and it’s what Xafinity do best. We are pleased to see financial advisers and their clients continuing to trust Xafinity to buy, lease and sell their commercial properties under SIPPs and SSAS.
“Directors of SMEs have continued to use new employer contributions during 2018 to add to their existing pension plans in order to buy their commercial premises. Buying property with their pension remains an excellent tax efficient way to grow pension funds for retirement. The rental income alone can provide great fund growth and any increases in the capital value of the property are free from Capital Gains Tax.
“That said the value of owning business premises in your SIPP or SSAS is still not widely understood. I’m always delighted to talk advisers through any aspect of this investment to give them the confidence to engage with clients about the excellent tax saving opportunities.
“We have a strong pipeline of over 100 property purchase transactions underway for clients so we’re pushing towards 2000 properties, a real milestone for Xafinity who have been building expertise in this space for 40 years.”
For more information please contact:
Louise Dolan, Partner, Camarco
Tel: 020 3757 4982 / 07446 870025
Sophie Boyd, Senior Consultant, Camarco
Tel: 020 3781 8339 / 07542 834725
Notes to editors:
Xafinity SIPP and SSAS Services are part of XPS Pensions Group.
XPS Pensions Group is the largest pure pensions consultancy in the UK, specialising in pensions actuarial, investment consulting and administration, with revenues of over £110 million. Beyond its SIPP and SSAS business, the XPS Pensions Group business combines expertise, insight and technology to address the needs of both corporate pension trustees and sponsoring companies for over 1,200 corporate pension schemes, including 25 with over £1bn of assets, and undertakes pensions administration for over 800,000 scheme members.
© 2019 XPS Pensions Group - All rights reserved
Xafinity SIPP Services Limited is authorised and regulated by the Financial Conduct Authority. You can check our FCA authorisation here. Our reference number is 461791.