Group SIPP

Two or more SIPP members often join together to purchase a commercial property. A Group SIPP arrangement effectively creates a pooled ownership of one or more assets, whilst still allowing individual members to have their own personal investments in parallel.

The particular advantages of a Group SIPP are:-

1. It makes any borrowing arrangements much simpler, as the lender lends to the Group, rather than the SIPP member individually.

2. Where shares in the pooled investment(s) change hands, this is relatively easy to deal with: for instance there is no need to transfer shares in a property from one member to another and amend the Land Register. This advantage is particularly significant where the individuals are, say, partners in a professional practice.