This week we were talking pensions – but don’t switch off, it’s important! In fact, Rob B gave an impassioned plea for why you shouldn’t bury your head in the sand because the pensions crisis isn’t going to magically sort itself out.
Specifically, we dedicated the bulk of this episode to the question “can I buy property within my pension?” We discussed:
- Why it’s extremely important to think about your pension now, even if you’re a long way from retirement
- What types of property you can and can’t hold within a pension
- How to convert your pension to a SIPP to open up new asset classes
- Whether you should invest directly or through a fund
Although we gave you a general overview of the issues, we’re not pension experts and we’re not IFAs: it’s imperative that you consult a financial advisor before doing anything relating to your pension.
Friend of the podcast Pete Matthew would be a great place to start, and he put together an excellent episode about what to look for when choosing a financial advisor.
Resource of the week
This week’s resource came courtesy of Rob B, who’s been interviewing for new staff members and wanted to share some interview tips he was reminded of in the process. Even if you’ve sworn off working for other people, you can still take the principles and apply them directly to networking or any situation where you need to sell yourself to someone else.
To get Rob’s great tips, you’ll have to listen to the episode!
News this week
Directly related to our main topic, our news story this week is about a property investor who used his pension to buy an airport. And yes, he uses it to fly to the Isle of Wight himself in his awesome looking gyrocopter.
Rob D paused the episode to add “buy an airport” to his property dreamline right away.
Tell us what you thought of the show!
Do you use your pension to invest in property?
Are there any important details we missed in our discussion, or other questions you want answered?
Just let us know by leaving a comment below!
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