No SIPPs! What About UK-REITs?
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The Treasury does a u-turn on SIPPs and residential property
In December Gordon Brown announced that self invested personal pensions or SIPPs would not be given immediate tax relief for pension investments in residential property. This about face on SIPPs by the Chancellor has caused outrage amongst the financial community and has left investors uncertain over future retirement plans that had been based on placing residential property, including oversees property, into their personal pensions plan.