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  1. #1

    Default THe buying of shares in a SIPP

    Good morning , could someone please tell me if shares are bought for me, from money in a SIPP, should the trustees of signed the share form. I have removed my personal details, gut were it states the detail's of trustees is blank.
    Thank you.

    Attached Files Attached Files

  2. #2

    Default Re: THe buying of shares in a SIPP

    Hello filrobbo.

    I've moved your thread from the media subforums to the main pensions forum, where it should get more views.

    HB


  3. #3

    Default Re: THe buying of shares in a SIPP

    I don't know if it's me or not, I can't read that because the print is too small for my tired eyes.

    Are the shares showing in your SIPP statement?

    HB


  4. #4

    Default Re: THe buying of shares in a SIPP

    Ok thank you honey bee I do have the share certificate, but I was just asking should the share form be signed by the trustees.


  5. #5

    Default Re: THe buying of shares in a SIPP

    who are the trustees if not yourself? It looks as though you bought the shares and they are not held in trust by a nominee, is this correct?


  6. #6

    Default Re: THe buying of shares in a SIPP

    What does your SIPP statement say about the shares please?

    HB


  7. #7

    Default Re: THe buying of shares in a SIPP

    The sip is run by Guardian Pension Consultants, I have a copy of the share certificate which states I have 61,443 shares @ 1.00 in a company called KJK Investments but is in liquidation.


  8. #8

    Default Re: THe buying of shares in a SIPP

    Forgot to add, I have my statement to day from the Royal Bank of Scotlandicon that states I have 6p in the sip accout after GPC have taken some of there fee , which is 510 they have withdrawn 294.90, and left 6p.


  9. #9

    Default Re: THe buying of shares in a SIPP

    Quote Originally Posted by filrobbo View Post
    The sip is run by Guardian Pension Consultants, I have a copy of the share certificate which states I have 61,443 shares @ 1.00 in a company called KJK Investments but is in liquidation.
    Not by any chance the same KJK Investments mentioned in this press release: https://www.gov.uk/government/news/c...eration-scheme

    If so, I think you may want to take legal advice from a qualified and experienced solicitor with a view to taking action against the trustees.


  10. #10

    Default Re: THe buying of shares in a SIPP

    Yes that's the one, mr tax man sent me a bill for 18.000, its still been investigated, if we have to pay this tax or not.


  11. #11

    Default Re: THe buying of shares in a SIPP

    filrobbo, did someone advise you to buy these shares? I mean a financial adviser or someone like that, in case you have recourse against them.

    If you've had a tax bill, did you take cash out of the SIPP?

    HB


  12. #12

    Default Re: THe buying of shares in a SIPP

    No I was told about the loan by a fried of a friend, and thought at the time it seed like a good idea.


  13. #13

    Default Re: THe buying of shares in a SIPP

    Hi filrobbo

    Sorry but I have had to unapprove you attachment in post#1 could you please ensure any personal identifiable data is removed before re posting

    Post Re Approved soz filrobbo was reading two different threads at same time

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  14. #14

    Default Re: THe buying of shares in a SIPP

    Sheesh! What a complicated web of deceit.

    I assume you realise that you are unlikely to get any of your investment back however, it is being said that the tax demands from HMRC are being resisted until the situation becomes clearer.

    You have been swindled and your 'friend of a friend' needs a good talking to.

    What role did Guardian Pension Consultants Ltd have in this role.

    From research, the trustees cannot escape some of the responsibility but for things like this, it is unlikely they could be held fully responsible.

    http://www.wealthtime.co.uk/module/content/42


  15. #15

    Default Re: THe buying of shares in a SIPP

    SF, I think if a regulated financial adviser made a written recommendation to buy, they could be held responsible, but maybe there wasn't one from what filrobbo says.

    filrobbo, did this money come out of another pension fund?

    HB


  16. #16

    Default Re: THe buying of shares in a SIPP

    Quote Originally Posted by honeybee13 View Post
    SF, I think if a regulated financial adviser made a written recommendation to buy, they could be held responsible, but maybe there wasn't one from what filrobbo says.

    20/20 hindsight!!

    filrobbo, did this money come out of another pension fund?

    I suspect it was AND he was under 55 at the time

    HB
    These 'schemes' are still ongoing, unregulated firms cashing in on the unwary. The only company that is registered is Guardian pension Consultants.


  17. #17

    Default Re: THe buying of shares in a SIPP

    Yes honeybee it was transferred from a council pension fund.


  18. #18

    Default Re: THe buying of shares in a SIPP

    I had to put my pension into a SIPP and then invest in KJK Investments, so I could get a loan from a company called G-lones , I got a loan of 32,000, they then took off the interest for the 1 st year, I was told if I defaulted on the repayments of the loan, the pension when come to the end of its term, would be used to pay back the loan and interest , I would then receive what was left.

    Sounds good, but seems I was taken for a ride, but still no debts and I still have a roof over my head, if I didn't get the loan my house would of been repossessed.


  19. #19

    Default Re: THe buying of shares in a SIPP

    I have asked for a signed agreement that says, that I authorised a adminicon fee to be deducted from my account. But still nothing back yet.


  20. #20

    Default Re: THe buying of shares in a SIPP

    I'm sorry to say that I dont think HMRC will be sympathetic to your case as they will believe that you knew that you were knowingly taking part in a tax avoidance scheme. These have been reported often enough in the financail papers.


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