Pension into Caribbean Property – or vice versa?

Harlequin Use your pension to buy a Caribbean property (via a SIPP) or use the Caribbean Property investment opportunity to create a pension, it works both ways.

I’m still as excited as ever I was by the opportunities to acquire property in the Caribbean, off plan, for just £1,000 down.   The whole thing can be 100% funded for you, no money down (apart from that £1k).

Previously we thought you would need to be able to raise finance, even though Harlequin would bear the costs of that borrowing for you, of 30% of your spend.   Until we discovered that if you had a mouldering and unloved pension lurking somewhere you might be able to use that instead.

Then we got excited about the possibility of taking control of our pension funds, putting them into a SIPP and buying Caribbean properties with them.   Hence using your SIPP to buy in St Lucia, St Vincent, Barbados or the Dominican Republic.

The reverse is also true.   If you don’t have a pension (and not many of us self-employed folks do)…

…then Harlequin presents one of the quickest and easiest ways I have seen of creating the sort of income you would want every month as an OAP.   Actually you can start to enjoy it in 6 years’ time if you wish.

You can’t enjoy it in 6 years’ time if you use your SIPP as you are not allowed to enjoy pension benefits until you reach retirement age but the point of this story is that you have choices.   Pension into property or property into pension?

The Money Gym is running an afternoon/evening presentation all about this on Thursday 20th November.   Click here to book.

If you can’t make 20th November, Maria Davies and her team are doing presentatoins all over the UK during November and their dates are listed on their website here.   Please say Hi to Maria and Kim and Mike from me.

Here’s the “joke” that ex Money Gym Gold client Victoria Butcher sent me last week from Harlequin where she now works:

• If you had purchased £1000 of Northern Rock shares on year ago, they would now be worth £4.95.
• With HBOS, earlier this week your £1000 would have been worth £16.50.
• The same £1000 invested in XL Leisure would now be worth less than £5.
• If you had bought £1000 worth of Tennants lager one year ago, drank it all, then taken the empty cans to an aluminum recycling plant, you would have got £214.

So based on the above, the best current investment advice is to drink heavily and recycle – and after £1000 worth of Tennants, who gives a damn?

(Just remember that a £1000 reservation fee in either of Harlequin’s investment opportunities Buccament Bay or Two Rivers over the same period would have given you £300k of capital growth!)

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