STOP PRESS - regarding the Article on Page 2 of the Briefing Newsletter Edition No 25
In the Chancellor's pre-budget statement, Gordon Brown announced a number of changes to the pension tax simplification regime, which will come into effect on 6 April 2006 (A Day).
From A Day, the Government will remove the tax advantages for investing in residential property or certain other assets such as fine wines, classic cars and art and antiques from registered pension schemes which are self directed. This is to prevent people benefiting from tax relief in relation to contributions made into self-directed pension schemes for the purpose of funding purchases of holiday or second homes and other prohibited assets for their or their family's personal use.
For more information please telephone Geoff Gorham on 01245 254240
Date:3 January 2006
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