A draft Statutory Instrument for option three in the Treasury's consultation paper on the regulation of Self invested personal pensions has been published on the HM Revenue & Customs website almost two months before the end of the consultation period.
Publication of the statutory instrument, even in the draft section of the website, strongly suggests the Treasury is pressing ahead with its favoured option of the four mentioned in the Proposed changes to the eligibility rule for establishing a pension scheme, despite the consultation on the issue not ending until 23 December. Scheduled for 2006, it is the only statutory instrument published which supports one of the consultation paper’s options. There have so far been no draft regulations or statutory instruments which match any of the other three. John Lawson, marketing technical man...
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