Keeley Paddon: Pensions in-specie tax relief halted

There is no HMRC rule that payments made into a pension must be in pounds sterling - property is also acceptable. This means scheme members are able to transfer property into a self-invested personal pensions (SIPP) or small self-administered scheme (SSAS) and obtain tax relief on its value up to 100% of earnings in the tax year in which the transfer is made. Employers are also able to transfer an asset to a scheme in lieu of a contribution and claim tax relief in the normal way. This is, however, subject to the annual allowance - £40,000 for 2016/17 (plus the potential three years of...