What is the benefit of putting wine into a pension fund?
The main benefit of putting wine into a pension fund is that you hope that it will gain in value and that you will be able to claim tax relief on it. Putting wine into a SIPP should ensure that it is free of capital gains tax, whereas wine invested outside a pension may be subject capital gains. Although the rules have yet to be published it is widely expected that wine in a pension scheme will have to be stored in bond. Following 5 December any wine in a pension fund will not be eligible for tax relief, although contributions to managed wine funds may still be eligible.
