Philippines entice pensioners

The recent addition of property in the Philippines to Self Invested Personal Pension (SIPP) plans is expanding income opportunities for British pensioners...

Following an announcement by the British Minister for Pensions Reform, Mike O'Brien, pensioners have been able to access savings held by life insurers.

The funds that have been built up in this way for an average earner could amount to as much as £25,000-£250,000, which pensioners are free to reinvest for additional income. This is good news for pensioners who are seeking to increase their real estate investment portfolios.

In addition to a range of investment options, other such opportunities include condo/aparthotel investments in the Philippines. The Pacific Concord Properties Lancaster Condotel developments provide investors with potential ongoing rental income from overseas investments.

The acceptance of the developments in the UK SBQ property & Land SIPP portfolio follows extensive research by a Business Management & Marketing Consultants firm on an independent basis. Due diligence is handled independently by solicitors in the United Kingdom.

This is particularly relevant to the UK, as investors have been discouraged from buying locally as a result of the current economic situation. Investments are in a portfolio which is a low cost, tax efficient structure for those who wish to supplement their income after the age of 55.

Investment in overseas rental property has been a rising trend in the UK. The inclusion of the Philippines in SIPP plans is now also helping pensioners to take part in improving their own economic situation, as well as that of the Southeast Asian republic.

Source: www.hotproperty.co.uk