DC tax rules in the stakeholder era

Before 6 April 2001, if a person had not contributed the maximum permissible to a pension plan in any of the immediately preceding six tax years, paying a maximum contribution in the current year allowed them to pay further contributions in respect of this unused relief for these six years. (see case study: Alf) The carry-back rules have been amended in respect of any contribution paid on or after 6 April 2001. Under the new rules, a contribution that is to be carried back to the previous tax year must be made by no later than 31 January following the end of the tax year to which it is ...