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From April 2006, you will be able to contribute up to 100 per cent of your earnings (subject to an annual limit of £215,000) into a SIPP. You will get tax relief of up to 40 per cent on the contribution you make. The entire SIPP fund can be used to purchase a property. In addition, the fund can borrow up to 50 per cent of the value of its assets - so a fund worth £400,000 could borrow an additional £200,000 and buy a property worth £600,000. Once inside the pension, any rental income from the property is tax-free, as are capital gains made on the sale.