L&G launches marketing aids to promote 'carry back' rule

clock

Legal and General has unveiled a series of marketing tools to help advisers encourage clients to take advantage of the "carry back" rule before it is abolished.

The “carry back” rule, which is abolished on January 31, allows clients to contribute in the current year but choose to have the payment to be treated, for tax purposes, as if it had been made in the preceding tax year. Earnings from any of the five previous tax years can be used to calculate a client’s total allowance. To try and encourage people to take advantage of the facility, Legal and General has produced letters and flyers for clients, along with a guide for advisers which covers the technical aspects of the rule changes for personal and stakeholder pensions, and retirement annuit...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Advisers turn to smoothed funds to help manage volatility threat

Advisers turn to smoothed funds to help manage volatility threat

Decreasing exposure to equities also a popular strategy

Isabel Baxter
clock 26 March 2024 • 1 min read
Examining the 60/40: Building diversified portfolios in 2023

Examining the 60/40: Building diversified portfolios in 2023

Advisers have a lot to consider when it comes to portfolio diversification

Charlotte Moore
clock 14 April 2023 • 6 min read
Schroder Investment Solutions expands distribution of MPS

Schroder Investment Solutions expands distribution of MPS

Expanding the range of DFM choice on the Parmenion platform

Ayesha Venkataraman
clock 06 December 2022 • 2 min read