IMPORTANT ANNOUNCEMENT, 1 February 2007

At a meeting with Rowanmoor Pensions on 31 January 2007, Her Majesty’s Revenue and Customs confirmed that its interpretation of taxable moveable property legislation is that the acquisition of any plant and machinery is a breach of taxable moveable property regulations and will result in tax charges being imposed on the scheme.

Therefore, with immediate effect, plant and machinery is no longer an acceptable investment for a Rowanmoor Pensions Small Self-Administered Scheme or Family Pension Trust.