Purchase using a SIPP (Self-Invested Personal Pension)

You can actually purchase your property using a pension

There is a range of SIPP qualifying property within Harmony Bay Resort & Spa.

A SIPP is a form of pension plan where you choose where your money is invested, rather than the more conventional type where a fund manager invests it for you. The process is much easier than you may think. You can transfer some or all of the money from your existing poor-performing pension schemes into a SIPP. It's very simple.

This is an ideal way to take control and maximise your returns from qualifying investments. Whether you have one or more pension funds going back years from a previous employer, which can be transferred into a SIPP, or whether you set up a new SIPP, you can re-invest each year's rental returns which make the potential growth from compounding quite extraordinary. And when you come to retire, aged 55 or more, you can take out 25% of your fund as a tax-free lump sum.*

As with all pensions, you get income tax relief at your highest rate for all contributions, so that a higher-rate taxpayer could invest £100,000 and get tax relief of £40,000 meaning that the investment of £100,000 has only cost them £60,000. But all earnings within the fund would be based on the full £100,000 invested, that's your £60,000 plus the government's £40,000.*

Under current pension rules, a hotel suite using a SIPP means you forfeit any personal usage options.