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Pension Funds: Housing

Volume 481: debated on Monday 20 October 2008

To ask the Chancellor of the Exchequer if he will make it his policy to review his Department's decision not to allow the inclusion of residential property in pension funds. (227080)

The Government support the ability to choose a diverse range of assets to support pension saving in registered pension schemes.

Most registered pension schemes can already invest directly in residential property without any tax disadvantage and all pension schemes can invest indirectly in residential property without tax disadvantage.

Scheme members may not use tax relieved funds for personal use items such as second homes.