Stakeholder benefit for self-employed

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The well off self-employed will be able to boost their pension provision by up to £128,520 once the ...

The well off self-employed will be able to boost their pension provision by up to £128,520 once the stakeholder regime comes into force in April 2001. This can be done through a mixture of maximising contribution allowances and reliefs split over the 2000-01 and 2001-02 tax years. It involves maximising the benefits of the forthcoming changes to carry back, carry forward and the personal pension regime. The ability to carry back and utilise carry forward of unused relief is only available until 31 January 2002. The £128,520 is calculated based on the current earnings cap of £91,800, by whi...

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