This SIPP plan is designed to offer a fully versatile method of purchasing property which is classified as commercial property only. The property must be fully managed by professional managing agents. A range of property investment is allowable providing it falls under the commercial property classification. Residential property is prohibited.
A TwinSIPP is set up and labelled ProsperSIPP and PropertyPurchaseSIPP. This provides the platform for the system to operate and to allow the follow of funds back and forth easily.
The funds are invested or transferred into ProsperSIPP as the holding plan. You are then able to find and decide on a property and suitable investment. When this is established the funds are transferred into the PropertyPurchaseSIPP. ProsperSIPP still operates as a normal SIPP and is invested and managed according to your risk profile and time frame, but with the facility to move funds to PropertyPurchase SIPP as required within further administration.