From 6 April this year, the Government's much-heralded stakeholder pension plan comes into being. So...
From 6 April this year, the Government's much-heralded stakeholder pension plan comes into being. Some 30 months after the initial draft proposals were issued in December 1998 and after much consultation on the various areas of consideration, the final rules are now in place. Providers are registering their products as stakeholder plans, ready to accept contributions from 6 April. However, what is not so widely known is that stakeholder is not just a new type of pension plan, it is actually a whole new pension taxation regime. While the more obvious implications are on stakeholder, the w...
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