Carry forward deadline is approaching

Professional Adviser
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Personal pension planholders wishing to utilise the carry forward ununused relief facility have until 31 January to sign up to the valuable contribution tool

The final curtain is coming down on performing a carry forward exercise of unused relief under personal pension plans. It is of paramount importance to act now before this valuable contribution tool takes a final bow, as there will be no encore. The facility to carry forward unused relief was abolished when the new personal pension tax regime was introduced on 6 April 2001. However, by making a contribution before 31 January 2002 and electing this back to the 2000/01 tax year, it is still possible to carry forward any unused relief from the preceding six tax years (1994/95 onward...

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