What are the drawbacks of putting wine into a pension fund?
The wine will no longer be under your direct control. As it is part of your pension fund you may well not be able to remove it as and when you wish. You will have to convince your trustee that the wine should be removed from your pension portfolio. You will also have to pay the current value of the wine that you wish to remove into your pension fund. There now appear to be few advantages, though there may be some tax advantages when drawing benefits. This awaits clarification. Without the advantage of tax relief it is now highly likely that SIPPs trustees will not accept wine as a suitable asset to put into a pension portfolio.
