[2016] UKFTT 0802 (TC)

Judge Thomas Scott

Decision released 30 November 2016

Income tax – Pension scheme – Unauthorised payments charge – Finance Act 2004 (‘FA 2004’), s. 208 – Loan made to member of SIPPs from third party – Whether loan was an unauthorised member payment – FA 2004, s. 160(2) – Meaning of ‘payment’ – Whether made ‘in connection with’ an investment – FA 2004, s. 161.

  The First-tier Tribunal found that a loan made by a third party to a pension scheme member was a payment ‘in connection with’ a pension scheme investment.


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