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Impending pension reforms and property for sale in Hertfordshire

Pensions are not the most exciting of topics, agree Hertfordshire estate agents. They are complex in their nature and are hard to get enthusiastic about. Many people see a private pension as a necessity to provide for the retirement years but most are tied into their provision to a degree that stops them exploring other investment avenues. However, radical changes to pension pots coming into effect from April 2015 will shake up the retirement landscape by handing control of pension pots back to their owners. The change will allow those aged 55 and to take their pension as a cash lump sum without buying an annuity (although only the first 25% will be tax free). Hertfordshire estate agents say this will have a direct knock on effect on the Hertfordshire property market as millions of pounds dramatically find their way back to investors as lump sums. Property is an increasingly attractive short and long-term investment that people understand. In fact, a new study by Direct Line for Business revealed that 32% of people aged between 45 and 64 who have a pension would consider using some or all of their funds to purchase a buy-to-let property as an alternative to a traditional pension income. There has been a new development in the pension sector this year, with Lib Dem minister Steve Webb calling for current pensioners to be able sell their annuities to the highest bidder, which would leave them with a lump sum of cash, although the plan has yet to be sanctioned. What is certain is that properties for sale in Hertfordshire will have a brand new audience as of April 2015, with an expected rush of 'silver landlords' entering the property investment market. Pension pots are expected to form many deposits on buy-to-let properties over the coming months and with demand among tenants in Hertfordshire growing, retirees interested in the idea should contact Winkworth today to explore their options. We have strong sales and lettings departments who can help buyers find a suitable investment property for sale in Hertfordshire, as well as find tenants and provide a complete property management solution. If you would like information on the pension reforms and how it can open the door to property investment, please get in touch with Winkworth Hertfordshireestate agents.

Pensions are not the most exciting of topics, agree Hertfordshire estate agents. They are complex in their nature and are hard to get enthusiastic about. Many people see a private pension as a necessity to provide for the retirement years but most are tied into their provision to a degree that stops them exploring other investment avenues.

However, radical changes to pension pots coming into effect from April 2015 will shake up the retirement landscape by handing control of pension pots back to their owners. The change will allow those aged 55 and to take their pension as a cash lump sum without buying an annuity (although only the first 25% will be tax free). Hertfordshire estate agents say this will have a direct knock on effect on the Hertfordshire property market as millions of pounds dramatically find their way back to investors as lump sums.

Property is an increasingly attractive short and long-term investment that people understand. In fact, a new study by Direct Line for Business revealed that 32% of people aged between 45 and 64 who have a pension would consider using some or all of their funds to purchase a buy-to-let property as an alternative to a traditional pension income.

There has been a new development in the pension sector this year, with Lib Dem minister Steve Webb calling for current pensioners to be able sell their annuities to the highest bidder, which would leave them with a lump sum of cash, although the plan has yet to be sanctioned.

What is certain is that properties for sale in Hertfordshire will have a brand new audience as of April 2015, with an expected rush of 'silver landlords' entering the property investment market. Pension pots are expected to form many deposits on buy-to-let properties over the coming months and with demand among tenants in Hertfordshire growing, retirees interested in the idea should contact Winkworth today to explore their options.

We have strong sales and lettings departments who can help buyers find a suitable investment property for sale in Hertfordshire, as well as find tenants and provide a complete property management solution. If you would like information on the pension reforms and how it can open the door to property investment, please get in touch with Winkworth Hertfordshireestate agents.

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