Sipp-ing wine could boost your pension

The whole world is talking about Sipps (self-invested personal pensions). In theory, come next April, wine will qualify as a Sipp investment, and you’ll be able to put it in your pension.

The whole world is talking about Sipps (self-invested personal pensions). In theory, come next April, wine will qualify as a Sipp investment, and you'll be able to put it in your pension and have it considered an investment as worthy of tax relief as an equity or bond is now.

As with all these sorts of government initiatives, the devil will be in the detail exactly how all this will work is not entirely clear. What is clear, however, is that these upcoming changes to the list of Sipp-allowable investments lend a good deal of legitimacy to fine wine as an asset class.

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