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PropertyPurchaseSIPP
ProsperSIPP
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This is a directly authorised Self-Invested Personal Pension Plan
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It is backed by one of the most respected names in the Industry who are
providing scheme administration services.
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The plan is designed to offer a fully versatile method of purchasing property
which is classified as commercial property only.
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The Property must be fully managed by professional managing agents
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A range of property investment is allowable providing it falls under the
commercial property classification. Residential property is prohibited.
How will it work?
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Initially 'twin SIPP's' will be set up at the outset labelled ProsperSIPP.com,
and PropertyPurchaseSIPP.com. This provides the platform for the
system to operate and to allow the flow of funds back and forth easily.
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Funds will be invested or transferred into ProsperSIPP as the holding and
investment plan managed by a respected major fund manager.
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Clients then can take their time to find a suitable property, and of course to
take the time to decide if it really is a suitable investment for them.
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In the meantime funds are invested and managed according to risk profile and
time frame.
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ProsperSIPP will simply operate as a normal SIPP but with the facility to move
funds to PropertyPurchaseSIPP as required without any further paperwork.
ProsperSIPP.com
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This is the initial holding plan and is designed to perform the function of
holding funds whilst a suitable property is found,
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In conjunction with Brewin Dolphin Ltd, our strategic investment
management partner a fully managed investment service will be available for
funds that are not allocated to property purchase.
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ProsperSIPP will provide the SIPP vehicle to allow the flow of profits back
into a managed environment as well as allow the further flow of funds for other
property purchases as may be required.
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New investment funds will be channelled into ProsperSIPP so the funds can be
managed and invested as required and in conjunction with clients risk
profiling.
PropertyPurchaseSIPP.com
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This is the property purchase plan and is designed to perform the function of
property investment.
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It is the plan which will hold single properties and allow either to buying or
selling of property and where allowable and appropriate the transfer of
property as an in-specie contribution to the .pension fund. (This is subject to
prior approval by Her Majesty's Revenue and Customs).
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Only fully guaranteed and insured arrangements will be allowed.
Why .com?
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Our investment management strategic partners will be fully linked to the system
and it will allow several important functions.
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The system will be backed and run by a very powerful web based extranet system.
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This allows the costs of operating and running your plan to be as competitive
as possible.
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It allows the fast flow of information between Peter Neal Pensions, Brewin
Dolphin Ltd and the trustee and administrators, and of course most importantly from
you as the client.
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It allows the effective and rapid changes in investment conditions to be
catered for and for clients to view the status of investments easily and
conveniently as there are no charges for online valuations of Prospersipp via Brewin Dolphin Ltd.
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The system will only allow Private Investors or your authorised IFA registered
directly with the ProsperSIPP system to log in and act as a system user,
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Brewin Dolphin Ltd will provide online daily valuations of investments using the
ProsperSIPP investment vehicle.
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The web system is the heart of the scheme as it allows many professional and
private users to log in securely and to view different services on the extranet
system.
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Modern technology has reached a stage where this style of investment management
system can be fast secure and efficient.
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