Property Investment News – Some great news on pensions from the Government

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Property Investment News – Finally some good news!

New rules on pension investment will apply from April 2011 allowing pension investors to take advantage of income draw down and pass on unused pension savings to their heirs – rather than losing it to the insurance companies, which is the norm at the moment.

With income draw down your pension fund remains invested and after taking any tax free cash you require up to a maximum of 25% of the fund value (from age 55), you may be able to draw an income from it thereafter.

This is great news if you have a personal pension or a Self Invested Personal Pension (SIPP). It’s your pension, so do your investment research now, what it can do for you or if the new rules applies to you. Is your pension really working hard enough for you?

It’s very important that you have this information, the days of paying into a scheme and forgetting about it until retirement are over. Procrastination is no longer an option.

About the Author

Brett has over 20 years experience in all facets of property, he owns various companies centred around property and is the driving force behind the education and training at Gladfish. His companies have sold over £850 million in UK and London property and he manages over 1200 properties through his estate agency chain. Today he shares his time between UK, Australia and Singapore. He is married to Arlene and together they have 4 kids.

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