Dec 05 2005

PRE BUDGET REPORT 2005 - GORDON BROWN'S U-TURN ON INVESTMENTS FOR SSAS'S AND SIPP'S

General News

Gordon Brown in his Pre Budget Report on 5 December 2005 has withdrawn some of the tax advantages of the new investment freedoms that he had previously introduced for self-administered pension schemes.

The Chancellor’s U-turn affects both SSASs and SIPPs and reneges on his own legislation, whose provisions were due to come into effect on 6 April 2006 - “A-Day”. 

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