The Government has introduced partial concurrency allowing an individual to save into a stakeholder pension in addition to an occupational scheme but not everyone will be eligible
One of the retirement planning opportunities created by the stakeholder tax regime is 'partial' concurrency ' the ability for some to pay contributions into a stakeholder or personal pension plan while being a member of an occupational pension scheme. Here are outlined details of 'partial' concurrency. Full concurrency may be introduced from April 2004 as part of the Treasury's radical tax simplification proposals. The concurrency rules were introduced by a new section of the Taxes Act which became effective from 6 April 2001. Under these rules, contributions are limited to the earnings...
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