is4money
Stakeholder Pensions
is4money Stakeholder Pensions
is4money
Pension Information
A
number of important changes have been made to the personal
pension regime for individuals from 6 April 2001 when the
new stakeholder pension arrangements were introduced. These
changes provide some new and interesting tax planning opportunities.
Firstly, however, the opportunity to pay lump sum pension
contributions covering unused relief over the past six years
(known as carry forward, or unused, relief) stops accruing
from 5 April 2001 and any payment to take advantage of this
must be made by 31 January 2002. A new opportunity is that
now UK residents can make pension contributions and get tax
relief regardless of age or earnings. This is an ongoing opportunity
that many non-working spouses could take advantage of.
The
rules discussed below cover personal pension and stakeholder
pension plans, but not retirement annuity policies (similar
to personal pensions, but those policies set up before 1 July
1988 and also known as Section 226 contracts), or occupational
pension schemes.
For
further information on an is4money Stakeholder Pension visit
the is4money website.
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