CM guide highlights £46bn tax relief opportunity

In the third of its adviser guides, Clerical Medical talks advisers through the different options available to clients since concurrency rules were introduced, including personal pensions, stakeholders and Additional Voluntary Contributions (AVCs) or Free-Standing AVCs (FSAVCs). It claims since changes on 6 April 2006 which allow people to contribute to more than one pension simultaneously, there is a large opportunity for members to top up their schemes with contributions up to 100% of their taxable earnings, and claim tax relief on the entire amount. Clerical Medical says its researc...