ScotEq issues warning over sipps

Among its concerns, the life insurer says too few intermediaries appear aware of the complex tax implications of putting a second home into a Sipp. Scottish Equitable is warning intermediaries must be much more aware of the rules regarding residential property investment where sipps are concerned. Rachel Vahey, pensions development manager at Scottish Equitable warns consumers could find themselves with a hefty "benefit in kind" tax bill if they put a second home in a sipp and are unable to prove they have made significant efforts to ensure regular rental payments are paid into the Si...