Sipps still a worthwhile proposition

pensions

Despite the loss of tax breaks on residential property and esoteric assets, Sipps are still a good option for investors with sizeable sums seeking investment flexibility

In December's pre-budget report, the government announced the withdrawal of plans to give preferential tax treatment, post A-Day, to residential property and esoteric assets when invested in Sipps. This frustrated some people's investment plans, and the removal of tax breaks had a detrimental effect on Sipp providers geared up to provide property invested Sipps. But some feel this was the right decision, as investors might have been tempted to make unsuitable investments purely for tax breaks. John Moret tells Investment Week why he thinks this move is not as harmful as some believe, where ...