Pensions - SIPP (Up To And Including 5.4.2006)

Below is a selection of our most recent updates on this subject.

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FSA Wants SIPP Terminology Standard

The FSA is working with the Association of Member-directed Pension Schemes and the ABI to produce standardised SIPP terminology.
Tuesday, February 03, 2009

FSA Consults On Contracting Out Comparisons For Sipps

The FSA is consulting on the proposed introduction of comparison quotations with S2P where a member of a SIPP contracts out on or after October 2008.
Tuesday, May 06, 2008

New Aim Listed Company To Enable Investment In Residential Property

An AIM listed company, which will purchase new residential property will effectively offer SIPP members the opportunity to invest in residential property prior to the introduction of the new simplified pensions tax régime.
Monday, October 11, 2004

Sipps Are Safe From Unintended Taxation For NS&I Gebs 1 - 7. NS&I's Written Confirmation Of Likely Inland Revenue VIew Shown

NS&I products are not allowable investments for a Self-Invested Personal Pension (SIPP) because NS&I is not a licensed deposit taker. The Inland Revenue says however, that it will 'view sympathetically any schemes which have invested in such products where the investments have been made in good faith that the regulations did allow them.' This implies that existing customers who made purchases based on earlier advice from the Inland Revenue are safe (GEB Issues 1 - 7). We duplicate NS&I's letter of 3 June 2004.
Thursday, June 10, 2004

National Savings & Investments (NS&I) Investments Not Eligible As SIPP Investments

A number of SIPPs have been investing in the NS&I guaranteed equity bond. It has now been confirmed that this is not an allowable investment for a SIPP.
Monday, May 24, 2004

Pensions Update 146 - Scheme Rules Must Comply With Permitted Investments Regulations By 6 April 2004

Pensions Update 146 has reminded providers of personal pension schemes that they need to make sure that their scheme rules are fully compatible with the Personal Pensions Schemes (Restriction on Discretion to Approve) (Permitted Investments) Regulations 2001 by no later than 6 April 2004. If not scheme approval will be removed.
Wednesday, February 18, 2004

Revenue Clarify Position On Oeics And Deposit Takers

In five new frequently asked questions on their website the Revenue has clarified in what circumstances an OEIC can be a permitted SIPP investment and what institutions are included within the definition of deposit-taker.
Friday, June 20, 2003

Inland Revenue Clarify Self Investment Rules

This bulletin considers the clarifications of the self investment rules as set out in the amended Part 11 and Appendices 24 and 25 of IR 76, which accompanied Pensions Update 123.
Thursday, March 21, 2002

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