What SIPPs can invest in
Much contained in the previous chapters on SIPPs is equally applicable to personal and stakeholder pensions. But it is in the area of investments that SIPPs really stand out from the pension crowd.
The current list of what SIPPs can invest in was fixed in 2006. But in the years running up to these new rules the government had consulted on whether it should radically open up what a SIPP can invest in.
The press printed story after story suggesting that holiday homes in the UK and abroad, racehorses, works of art, fine wine, luxury yachts, flats for your kids and many more eye-catching investments might all be allowable in your SIPP, enabling you to acquire these things with the assistance of tax relief. ...