Tax changes to the waiver

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On 22 February 2000, the Government issued its draft regulations for the new defined contribution (D...

On 22 February 2000, the Government issued its draft regulations for the new defined contribution (DC) regime which will apply to all personal pensions contracts, including stakeholder, issued from 6 April 2001. The Government's press release says: "Tax relief for waiver of contribution insurance will be simplified and broadened to circumstances other than ill health, such as unemployment." But will these twin objectives be achieved as the proposed legislation stands? In the regulations themselves, the Government seeks to achieve this simply by withdrawing subsection (2) of S633 of the...

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