Stadia Trustees' Tony Hales explains the priorities for scheme members investing in self-invested personal pensions.
Self-invested personal pension schemes (SIPPS) enable the individual pension scheme member to determine the investment placement of their pension funds. What does this mean in reality? The HM Revenue & Customs (HMRC) Registered Pension Scheme Manual (RPSM) provides guidance regarding allowable investments, taxation of such investments and in some case, states limitations for investments. RPSM 07101010 states that the "…tax regime will impose few restrictions on the type of asset schemes can invest in, although there will be tax charges in relation to certain types of investment… there...
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