SUPER earners - those ranking in the top 1pc of UK earners - can more than double this tax year's maximum SIPP annual allowance by investing by input periods, according to Fidelity FundsNetwork.
By using input periods rather than tax years allows investments of up to £460,000. This can be achieved by taking the annual allowance for 2007-08 (£225,000) and adding the annual allowance for 2008-09 (£235,000). Provided an individual has relevant earnings of £460,000, they can invest up to this level before the current tax year ends on April 5, 2008 and be eligible for tax relief on the contributions. Rob Fisher, head of sales and marketing at Fidelity FundsNetwork, said: "While the new pension regime brought with it many benefits, not all are as widely known as others. "The conces...
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