Unquoted shares could follow residential property and other more esoteric assets, and become effectively banned from self-invested personal pensions (SIPPs) in the Budget next week, warns A J Bell group.
With many issues still waiting to be clarified, next week’s budget is seen by many as the time for key announcements, including rules on Inheritance Tax (IHT) and how it applies to pensions. A J Bell Group gives the prospect of a Budget announcement on how IHT will affect pensions a 90% chance, as legislation clarifiying the issue was meant to have been released in the New Year. It also rates the chances of other key announcements appearing in the speech on 22 March. The publication of “permitted” investments rules in Sipps, and a definition of what constitutes a residential property, h...
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