By Mohamed Ali Bernat AVCs are likely to be hurt by the allowance of concurrent membership of occupa...
By Mohamed Ali Bernat AVCs are likely to be hurt by the allowance of concurrent membership of occupational schemes and personal pensions, even though they offer similar tax free advantages. Providers believe the Government's allowance on concurrency has been vital for simplifying the pensions process but is likely to endanger the AVC market. Concurrent membership between occupational schemes and personal pensions is now to be permitted for individuals, other than controlling directors, who earn less than £30,000pa. The maximum concurrent annual contribution to a stakeholder will be £3,60...
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