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The published replies to Query T15,788 (see Taxation, 19 April at page 75) are somewhat remarkable in that both contain errors. The query considered the possibilities for a husband, employing his wife in a business, to contribute to a stakeholder pension for her in addition to the sums of £2,000 per annum paid to an employee pension scheme for her.
The published replies to Query T15 788 (see Taxation 19 April at page 75) are somewhat remarkable in that both contain errors. The query considered the possibilities for a husband employing his wife in a business to contribute to a stakeholder pension for her in addition to the sums of £2 000 per annum paid to an employee pension scheme for her.
'Carryduff' is wrong to say that the business can make a payment of up to £1 600 a year into a stakeholder. In fact it can pay up to the full £3 600 a year (the threshold before earnings have to be taken into account) on top of the £2 000 per annum already being paid to the occupational scheme. In other words the pension opportunities are a good deal better than stated. (The source to confirm this is Inland Revenue leaflet IR76...
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