SIPP Plans Shelved

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This topic contains 5 replies, has 5 voices, and was last updated by Profile photo of Anonymous Anonymous 11 years ago.

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  • #51417
    Profile photo of Anonymous
    Anonymous
    Participant

    Seems from the news this morning the government has shelved plans to launch SIPP’s and people won’t be able to add property to a pension plan

    http://news.bbc.co.uk/1/hi/business/4501138.stm

  • #60155
    Profile photo of Anonymous
    Anonymous
    Participant

    I think that is a good thing. Only the rich would benefit from this. It was a “discriminatory” pension plan, IMO.

  • #60157
    Profile photo of Anonymous
    Anonymous
    Participant

    It appears to be still attractive to investors as no capital gains tax will be payable on an increase of property value, and no tax on rental income.

  • #60158
    Profile photo of Anonymous
    Anonymous
    Participant

    damn 😥

  • #60159
    Profile photo of Anonymous
    Anonymous
    Participant

    There was a big doubt (and may still be) as the whether this is applicable in Spain as there is nor reciprocal tax arrangements. So you may get tax relief in the UK but not in Spain

    Regards
    Kevin

  • #60160
    Profile photo of Anonymous
    Anonymous
    Participant

    @BOB-B wrote:

    It appears to be still attractive to investors as no capital gains tax will be payable on an increase of property value, and no tax on rental income.

    Wouldn’t you would have to pay tax on rental income in Spain?

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