Use it or loose it?

The new personal pension rules take effect on 6 April 2001 and it is probably widely known that the changes bring about the end of current carry-forward provisions for unused relief. 'Use it or lose it' immediately springs to mind and no doubt as the end of the current tax year approaches practitioners will be feverishly reviewing their clients' unused relief on this basis. However is everything lost if action is not taken and furthermore is using up brought forward relief always going to be the best advice?
This article looks at the comparisons between the old rules and the changes introduced by Schedule 13 to the Finance Act 2000 that take effect on 6 April 2001.
Background
Individuals with earnings who do not wish to rely on the state for their pension have two methods of enhancing their pension for retirement. If they are employed...