The new rules brought in from A-Day now allow most savers to invest 100% of their earnings into a pension plan and make it possible for them to claim tax relief on the whole amount.
Prior to the rule changes, only members of occupational pension schemes with earnings of less than £30,000 a year could make concurrent contributions to another scheme and even these were limited. Concurrency rules now allow for much greater flexibility to pay into more pension plans.
Our free guide to concurrency can help you explore the advice areas to help clients maximise their tax benefits.
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