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The potential problems when contributions are maxed out and losses arise are scrutinised by RICHARD CURTIS
KEY POINTS
- Is the end in sight for pensions tax relief?
- Calculating income for pensions relief purposes.
- The order of set-off for loss relief.
- What if premiums exceed income?
- Anticipating problems in advance.
I suppose it is a sign of advancing years that I am becoming more interested in pensions and losses.
The government’s plans for pensions tax relief whether there will be anyone working to pay National Insurance contributions and thus my state pension by the time I do retire what will have happened to the funds in my own personal pension plans (will they have all been eaten up by charges) and will my employer’s pension plan still be going strong have all started to assume increasing importance in recent years.
And those depressing thoughts are...
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