The New Pension Scheme

From April 2015, millions of pension savers aged 55+ will be able to take their entire pension fund in one lump sum, to spend as they wish. This has opened up a huge opportunity for both experienced property investors and first time investors looking to make the most of their hard earned money over the years. Up until April this year, pensioners have been restricted to what and how they can spend their pension money. However, the shackles are about to come off and the race to find the most lucrative property investment opportunity is on.

Pensioners will also have the right to pass on what's left invested of these life savings to their family when they die without paying a 55% death tax. Research by investment broker, Hargreaves Lansdown, indicates that up to 400,000 people are poised to dip into their pension funds when the freedoms arrive, with some planning to cash in the lot.

Investing in the right property investment takes careful strategic planning and understanding of the market. Pensioners must first strategise what it is they are looking for from the investment; i.e high annual income or high capital appreciation. In other words, a short or long term investment.

Although many investors often resist from talking to investment consultants, in this case, it is the best option in order for them to understand your situation and source the perfect investment opportunity.

Here at Residential Estates, our experienced investment consultants offer free advice to all of our clients; from those that are just entering the daunting investment world to those that have built up a reputable portfolio over the years.