Newsletter - January 2008
IFA praises the suitability of SIPPs for Greengold
15 January 2008
Guy Davies-Bateman, an FSA regulated Independent Financial Advisor, has commended movewithus’ Project Greengold as the perfect way to start a Self Invested Personal Pension (SIPP). SIPPs are a product of the Government’s effort to encourage more people to invest in their own private pensions. They offer tax relief, depending on your tax bracket. The money saved in a SIPP can only be used to invest in certain ventures, one of which is land.
Davies-Bateman commented: “While SIPPs have been around for some time, recent significant changes in pension legislation have made them increasingly popular as a new medium for discerning ‘professional investors’ wishing to wrestle their funds away from large institutions and take control of their future. These can be relatively small amounts - from £20,000 upwards. Although there are risks, many use the value of their SIPP to invest in overseas developments like movewithus’ Project Greengold, an Argentinean agricultural land development producing bio-fuel crops.”
Investors feel safe with any investment that has been approved for SIPPs as they know that SIPP providers are heavily regulated by the Government.
As the property market tightens and domestic investment becomes a riskier proposition, more and more investors are seeing the benefits of less traditional investments. Farmland is being touted by industry experts as one of the safest and most lucrative propositions currently on the market. Project Greengold guarantees clients a minimum 75% return on their initial investment. The land is used to produce soy, the main ingredient in the production of bio-fuels, as well as wheat and barley.
Robin King, movewithus founding director, added: “Land is currently our number one investment. Clients are attracted by the vast returns and potential for capital appreciation.”
To find out how to kick off the new year with a sound investment to add to your portfolio, go to www.movewithus.co.uk/investor or call our investor department on 0870 420 3966.
