Investors can pay into two IPAs at same time

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By Mohamed Ali Bernat The Treasury has confirmed that individuals will be able to pay into more than...

By Mohamed Ali Bernat The Treasury has confirmed that individuals will be able to pay into more than one individual pension account (IPA) at the same time, although many other details surrounding it remain to be clarified. Two weeks ago the Treasury and the DSS brought in new rules on pensions concurrency. Under these anyone earning less than £30,000pa and who is not a company director can pay into an occupational and a personal pension at the same time. A Treasury spokesman told Investment Week that the IPA would fit in with this concurrency regime. This means, for example, someone ear...

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