Setting up a SIPP pension can be done online. A regulated adviser can help in selecting a suitable wrapper, which must be set up with an insurance company or specialist SIPP administrator to provide the pension tax shelter.
Once established, a lump sum, regular contributions or pension transfers are invested into the SIPP cash account. The capital in the account is then used to purchase a balanced spread of investments, with the help of a regulated adviser. This could include planning for a commercial property purchase within the SIPP.
To open a SIPP, investors must be a UK resident and under the age of 75.