Pension providers and clients 'left in limbo' after in-specie hearing vacated

Appeal moved to February 2020

Hannah Godfrey
clock • 2 min read

Pension providers and investors have been "left in limbo" after a case examining in-specie contributions to pensions was vacated from the Upper Tribunal hearings register.

The case - HM Revenue & Customs (HMRC) vs Sippchoice - was scheduled to be heard on a day between 20 May and 22 May but it was vacated shortly beforehand.  According to Dentons technical sales director Stephen McPhillips, the scheduled hearing did not take place last month because of unforeseen personal circumstances affecting one of the legal representatives involved. As a result it has been re-scheduled until late February 2020. Pushing the date of the hearing back by nine months means there will be a further delay for savers who do not know whether they will need to repay tax relie...

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