Pension Funds: Fees and Charges
The question
To ask the Chancellor of the Exchequer, whether she plans to review the unauthorised payments charge applied to pension schemes that rent commercial property below market value.
Answered by Torsten Bell
Pension schemes can rent out commercial property at below market value.
The only restriction on this is that there is an unauthorised payment charge where the tenant is connected with the pension scheme. This rule prevents value being transferred out of the pension scheme and the Government has no plans to review this.
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