11 June 2009
Premier Pension Services (PPS) has welcomed the recent HM
Revenue & Customs (HMRC) announcement of the easements agreed
between them and the Association of Member Directed Pension Schemes
(AMPS) which benefit all those operating in the self-invested
pension scheme market.
PPS believes the borrowing and property lease easements will be
useful for clients and providers alike during the difficult
economic times. Head of Self Invested Pensions at PPS, Nigel
Manley, said, "Where the pension scheme is struggling to maintain
its mortgage repayments, eg because rental income has stopped, it
will now be possible to remortgage provided that no new borrowing
is taken out."
To view HM Revenue & Customs' newsletter, containing the
relevant guidance, click here.
