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Self-invested personal pensions and small self-administered schemes
07: Loans
A SIPP cannot lend money to a member or anyone connected with the member. The 'no connection' rule means that a SIPP cannot lend to the company of a director member. If pension-backed loans to an employing company are important, then a SSAS is the route to take. However, the company will have to provide full security for the loan, which must have an initial term of less than five years and be repaid in equal instalments of capital and interest.Last Updated
The FSA does not regulate tax advice. Tax rules are subject to change.
