Could woodland group ownership be a pension fund

[John Russell]

It's good to see an interest in the potential and that some have already invested in woodland.

Pension fund managers and investors make a good living just setting these types of investments up, and continue to take a percentage over the term. Could it be done without them ? using legal contracts to keep all happy ?

 

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this report sent to me by another Arbtalker look promising and the tax guide is very interesting.

 

The government rules on pensions require that a pension fund is managed on your behalf by a pensions management company. This is the one that handles mine. Based on my experience you should allow fees of around £500 per annum (as you see from their website, there are no set-up fees). There is no way of getting round this as the money in your pension fun is tax-free funds and the government wants to ensure you don't get tempted to blow it all. So it's ring fenced for your retirement. Just to clarify; the pensions management company actually owns the asset (woodland or commercial property) on your behalf -- it's their name on the deeds.

 

£500 might seem a lot but this is much lower than a financial adviser would charge for a monetary pension pot where, particularly in the first year of setting up a fund, they could receive commission from the pension provider that could be as much as 50% of your monthly contributions. My financial adviser was really shirty with me when I said I wanted to close all my funds and put the money into a SIPP -- he knew a nice little earner was disappearing.

 

Best wishes,

 

John Russell