A surprise U-turn by Gordon Brown means you will not be able to stuff your self-invested personal pension (Sipp) with residential property or fine wine. But the chancellor has not been a total party-pooper.
You can still hold unquoted shares in a Sipp from 6 April, says Josephine Combo in the Financial Times. At the moment, you can only hold unquoted shares in a pension if you have an employer-sponsored, small self-administered scheme (SSAS) and the number of shares is strictly limited.
However, all this will change in a few months, when private companies will get tax breaks of up to 40% to buy capital in their own firm. So, if you need to inject some capital into the business, you could issue some shares for the Sipp to buy.
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Of course, it's not a good idea to pour 100% of your Sipp into risky, unlisted shares. You might also have some trouble finding a genial Sipp provider, because of problems with accurate valuations. But at least the chancellor hasn't noticed yet.
Emily has extensive experience in the world of journalism. She has worked on MoneyWeek for more than 20 years as a former assistant editor and writer. Emily has previously worked on titles including The Times as a Deputy Features Editor, Commissioning Editor at The Independent Sunday Review, The Daily Telegraph, and she spent three years at women's lifestyle magazine Marie Claire as a features writer for three years, early on in her career.
On MoneyWeek, Emily’s coverage includes Brexit and global markets such as Russia and China. Aside from her writing, Emily is a Nutritional Therapist and she runs her own business called Root Branch Nutrition in Oxfordshire, where she offers consultations and workshops on nutrition and health.
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