Skandia pension warning as tax-year end looms

Whereas the end of the tax year was previously dominated by a rush to complete ISA applications, Skandia said advisers should also check clients are making the most of their annual pension allowance. Since A-Day, everyone is now eligible to receive tax relief on personal contributions up to the higher of £3,600 or 100pc of their relevant earnings up to £215,000. But advisers must act now or their clients’ annual allowance for this tax year will be lost forever. Under the previous rules, personal contributions paid into a personal pension in the current tax year could be treated as t...