Don't rush into tempting Sipp property schemes

You will soon be able to put residential property in your personal pension pot. But this is not as good an idea as it may sound

You will soon be able to put residential property in your personal pension pot. But this is not as good an idea as it may sound.

Gordon Brown's decision to allow property-obsessed savers to put residential property into a self-invested personal pension, or Sipp (see definition below), has generated scores of articles hyping the gains to be made from using the tax break to buy second homes in Britain, or abroad, cheaply. Some analysts seem convinced these changes will bring about a huge injection of cash, which will save the property market from its current doldrums. But will it?

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Emma Thelwell

Emma is a former digital journalist with more than 15 years of experience in national news in the UK and overseas. She was an assistant editor at MoneyWeek, covering property, funds, alternative investments and the share tips pages, then Emma moved on to The Daily Telegraph, first as a personal finance reporter and then as a business reporter. 

Emma also worked as a finance correspondent for Ninemsn (Australia’s Channel 9 online) in Sydney, Australia for just over a year, and since then Emma has worked at Channel 4 News as a reporter and producer, and she spent more than 4 years at BBC online. At present Emma is a senior manager for content and thought leadership at PwC.