You may have read recently about SIPPsThese are Self Invested Personal Pensions. It was thought that you would be able to put property, fine wines & yachts into them from April 2006.
However the son of a Scottish Minister, Gordon Brown has halted the plans.
With state pension plans in disarray it wouldn’t be good if the richest members of society were able to enjoy 40% tax relief on them.
ie the tax payer foots 40% of the bill.
Related State Pensions, Final Salary Pensions
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