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Pensions and tax planning

02 February 2006 / Chris Jones
Issue: 4043 / Categories: Comment & Analysis
CHRIS JONES looks at the pension scheme possibilities and problems post-April 2006.

HAVING A BRIEFING so soon after the Pre-Budget Report was bound to be dangerous. It affected two of the talks given — Mike Truman was given about ten minutes of new material to get through on the subject of UITF 40, whereas I lost the chance to give tax planning ideas for holding residential property in a SIPP! However, even without that possibility, the new rules offer some substantial advantages.


Tax-privileged contributions (the only ones which will qualify for relief) to a pension scheme by an individual are limited to £3,600 gross, or the lower of:


Issue: 4043 / Categories: Comment & Analysis
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