Wednesday, August 20, 2008

Condotel Investments in the Philippines set for big boost from new UK pension bonanza

As from October 2008 UK investors will be able to unlock savings trapped by life insurers and transfer this Protected Rights money into a Self Invested Personal Pension plan to purchase condotel investment properties in the Philippines

The British Minister for Pensions Reform Mike O’Brien announced on June 27 that following changes to the pension rules in the UK, investors will be given the freedom to take control of their investments from October 2008. The minister, said: “These changes will give more flexibility and investment choice to people taking an active interest in the management of their pension funds. It will also be easier to transfer funds between different types of pension schemes, and to consolidate pension rights in one place.”

This will include the flexibility to unlock protected rights money and transfer it into a Self-Invested Personal Pension [SIPP] that has a wider range of investment opportunities.

The move affects around 10 million people contracted out of the state second pension [S2P], formerly known as SERPS, since the option was introduced in 1988. Their national insurance contributions were then diverted into personal pensions rather than staying in the state system. Much of these assets are being held in poorly performing with-profits or managed funds that have suffered years of below average returns few financial advisers expect to improve. It also affects hundreds of thousand more who moved final-salary schemes away from employers and until now had to invest funds with life insurers.

Average earners could have built up funds of at least GBP £25,000 – GBP £250,000 if they had stayed contracted out since 1988 and millions of people will have dormant pensions that have been stuck in paltry life insurance funds that may have been tied up for years or even forgotten about.

Many people will now need to review their pension planning strategy in order to maximize the opportunity.

For those looking for a strategy to ‘gear up their pension pot’ the SBQ Property & Land SIPP has within its allowable framework a range of off-plan international commercial and Condo / Apart-hotel investments in the Philippines with ongoing rental income.

Pacific Concord Properties Lancaster Condotel developments in the Philippines have been accepted as property investment projects in the UK SBQ property & Land SIPP portfolio after extensive research provided through an independent firm of Business Management & Marketing Consultants with all due diligence completed by independent UK Solicitors.

Beth Collingz, overseas sale director, PLC International Marketing Networks and lead marketing partners for Pacific Concord Properties Lancaster brand of apart-hotel or condotel investments in the Philippines said the UK based SBQ Property & Land SIPP [Self Invested Pension Plan] portfolio handled by our UK marketing partners Graham Stuart & Associates, is a low cost tax efficient structure that has been designed for those people who want to take control of their pension savings and are looking for a strategy that will generate an income any time after the age of 55.

Graham Stuart of Graham Stuart & Associates, based in Bolton UK said the SBQ Property & Land SIPP portfolio now includes Philippine Condo Hotel rental income properties within its allowable framework as accepted investments in the [SIPP] Self-Invested Personal Pension Plans.

The property investment projects are researched and provided through an independent firm of Business Management & Marketing Consultants with all due diligence completed by independent UK Solicitors.

For further info regarding Philippine Condo Hotel Investments using your UK SIPP [Self-Invested Pension Plan] please do not hesitate to contact us....

Graham Stuart
Graham Stuart & Associates Ltd.,
Peel House, 2 Chorley Old Road.
Bolton BL1 3AA Lancashire. UK
Phone: [44] 1204 592698

Beth Collingz
PLC International Marketing Networks
Pacific Concord Properties Inc., Manila Head Office
Shaw Boulevard, Mandaluyong City. Metro Manila. Philippines
Phone: Manila [632] 717 1958
Fax: Manila [632] 718 1828

Pacific Concord Properties Inc., Cebu Office
Lapu-Lapu City, Mactan. Cebu. Philippines
Phone: Cebu [6332] 340 0721
Fax: [6332] 495 4938

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