The recent judgment in the HMRC v SIPPchoice case, published in May, was in relation to tax relief on in-specie contributions. This case has been ongoing for a number of years and it would appear that we finally have resolution.
As the UK moves into the 7th week of lockdown and the world has changed beyond all recognition, it has also been a time of reflection.
The Financial Services Compensation Scheme received 4,100 extra SIPP and pensions claims 2019/20 than it expected, resulting in increased cost of £3.9m.
It is hard to believe that the first SIPP was sold over 30 years ago.
It is quite hard to believe that we have just welcomed in the start of a new decade as 2020 begins.
Recent developments in the Brexit saga and an inevitable snap general election led the Government to put the Sajid Javid’s Autumn Budget on hold last week to focus on getting Brexit done.