Hi, I have recently retired from work am not drawing my state pension till later this year, I am living on the rent I get from the couple of properties I rent out,
yes am a landlord, I just had an annual statement on my company pension and have to say its not made much 'bonus' for the amount that's in the 'pot' and the amount of quarterly fees the financial adviser and investing companies take from the pot which I have no control over I can see my money 'eroding' over time, I spoke to the HMRC as to the possibility of taking my 'pension pot' and investing it in buying a couple of houses to add to my property portfolio to rent out 'Commercial' and get my pension pot working better for me and I have control over it, HMRC would benefit from it as well from the tax on the rent I get annually, every ones a winner, HMRC say I could do this and told me to speak to my financial adviser, after sending him an email the reply I got was he look into it and says I could lose a lot in paying tax,
Having read a lot on the internet on tax and business with property am a 'Landlord' of a number of properties the HMRC see that as a 'Commercial' business'
Can any one tell me what to expect.
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