UK - Schemes will be able to borrow money for the first time, under changes outlined in the Finance Bill.
From April 2006, Inland Revenue registered schemes will be able to borrow an amount worth up to 50% of their total value. Anything exceeding the limit will be taxed at 40% and the loans will hav...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
