With stakeholder and the introduction of the new defined contribution (DC) tax regime on the horizon...
With stakeholder and the introduction of the new defined contribution (DC) tax regime on the horizon from April 2001, IFAs have their work cut out to keep abreast of all the changes. In particular, many IFAs will find themselves advising on the interaction of existing arrangements with the new ones. One aspect of this will be the impact of new developments on Section 226 retirement annuities (S226). Although the new DC regime will apply to all personal pensions (PP), stakeholder pensions and, potentially, to occupational DC schemes, the tax treatment of S226 contracts remains unchanged. Fr...
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