Carry forward/carry back tax rules deadline nears

Investors have until 31 January to take full advantage of the carry forward/carry back rules, after which they will be abolished for good. The regulations, which are being removed by the Treasury, enable investors to maximise pension tax allowances. Carry forward enables individuals to make use of pension allowances that have not previously been used, while carry back enables investors to make a contribution this year but to set it against previous years' earnings. The rules have been particularly important to self employed people and company directors who want to contribute their m...