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.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
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.
-
How retirement pots risk running out 11 years early if inflation remains highPension savers could find their retirement income may not last as long as they anticipated over fears that inflation may not slow down
-
How extending stealth tax freeze would cancel out pensioners’ Winter Fuel Payment by 2030Pensioners relying on just the full new state pension face paying tax on their income within a few years, as the payment rises but thresholds remain frozen
