The Norton Rose Pensions Team reviews the pensions aspects of the Pre-Budget Report and its impact on the tax treatment of pensions
The Chancellor's 2005 Pre-Budget Report contained very little comment on the recent Pension Commission's report on the future of pension provision as had been widely expected. However a particular surprise announcement was the Government's volte face on Self Invested Personal Pensions (SIPPs).
Investment in residential property and other assets
The Pre-Budget Report states that from 6 April 2006 (A-Day) SIPPs and other forms of self-directed pensions will be unable to obtain tax advantages when investing in residential property and certain other tangible moveable assets (such as paintings). There is a technical note on...
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The Norton Rose Pensions Team reviews the pensions aspects of the Pre-Budget Report and its impact on the tax treatment of pensions
The Chancellor's 2005 Pre-Budget Report contained very little comment on the recent Pension Commission's report on the future of pension provision as had been widely expected. However a particular surprise announcement was the Government's volte face on Self Invested Personal Pensions (SIPPs).
Investment in residential property and other assets
The Pre-Budget Report states that from 6 April 2006 (A-Day) SIPPs and other forms of self-directed pensions will be unable to obtain tax advantages when investing in residential property and certain other tangible moveable assets (such as paintings). There is a technical note on...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
