Providing choice

clock

Complexities involving the tax treatment of unquoted shares have prompted some SIPP providers to be cautious of including them. However, this needn't be the case says Christine Hallett

In April 2006 the rules governing pension schemes were radically altered under 'Pensions Simplification' and, as a result, instead of having a list of permitted investments for SIPPs, the choice was opened up to include, among other things, the potential to invest in unquoted shares. The last minute reversal by the Government on residential property in late 2005 did have an indirect impact on pension schemes investing in unquoted shares, in that the complex legislation brought in to implement this u-turn went far wider than initially thought. The Finance Act 2006 brought in rules which im...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Pension first or last? What the numbers really tell us

Pension first or last? What the numbers really tell us

'Focusing solely on reducing the pension before death can increase lifetime tax'

Joshua Croft
clock 28 August 2026 • 4 min read
IHT on pensions: New thinking on taking income in retirement?

IHT on pensions: New thinking on taking income in retirement?

‘This has undoubtedly had a huge impact on planning for many clients’

Lisa Webster
clock 26 August 2026 • 3 min read
Pensions gender gap: A low-profile injustice that deserves more attention

Pensions gender gap: A low-profile injustice that deserves more attention

'Pensions are one of the few financial products where time is the single biggest driver of outcome'

Jessica Cook
clock 24 August 2026 • 4 min read