Concurrency and conversion

A cry of three cheers was the general response to the Government's announcement that employees (but not controlling directors) earning up to £30,000 a year will be able to contribute up to £3,600 a year to a personal pension or stakeholder arrangement and be a member of an occupational pension scheme at the same time. Let's look at the details. Members of an occupational pension scheme will also be able to contribute to a personal or stakeholder pension if: 1. They satisfy the residency requirements: 2. Have not been a controlling director at any time in the preceding five tax years, ...