Additional voluntary contributions (AVCs) may become obsolete for many existing investors if legisla...
Additional voluntary contributions (AVCs) may become obsolete for many existing investors if legislation is passed to allow concurrent membership of occupational pension schemes and the new stakeholder arrangements. The Inland Revenue is thought to be considering concurrency for those in occupational schemes who earn up to one quarter of the earnings cap or possibly as much as twice average earnings. The cap is £91,800 in 2000-2001, so the 'quarter of earnings cap' concurrency rules would affect those who earn around £23,000 or less. If eligibility to concurrent schemes is extended on the...
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