ASK184: Am I better sticking with my pension instead of property? PLUS: What does “commonhold” mean, and should I steer clear?

Rob D is flying solo on Ask Rob & Rob today whilst Rob B is enjoying his holiday. So this week we’ve got two very interesting questions - and one is on a topic we’ve never covered before. That almost never happens! First up is Marcus: He’s in full time employment and paying into a company pension scheme. He isn’t satisfied with how his pension pot is looking for when he retires so is looking at turning his hand to buy to let property. After doing some research, Marcus found out that he could get 40% tax relief on any extra money he puts into his pension. So is he better off investing in property or putting the extra money into his pension fund? Rob D completely agrees that pension tax relief schemes are fantastic and even better if your company matches your contribution. However, if you’re thinking of retiring early you won’t be able to access this cash, so you’ll need a back up plan. He’s no tax expert so you definitely should speak to the professionals, but have a listen to what else Rob D has to say about pensions. The second question comes from James - he’s found a flat that he likes the look of. It’s two years old and in a new development but it has a commonhold tenure. So, what is a commonhold tenure and what should James do? Tune in to find out.   Do you have a buy to let or property investment related question for Rob & Rob? You could feature on the next episode by giving us a call on013 808 00035 and leaving a messagewith your name and question (normal UK call rates apply). Or if you prefer, click here to leave a recording via your computer instead. The next question on Ask Rob & Rob could be yours. Have you joined us over on the Property Hub Forumyet? Our online community is friendly, informative, and the members are waiting to welcome you with open arms. So get yourself over and introduce yourself. See omnystudio.com/listener for privacy information.