Pension scheme contributions – new 3 year carry forward

Yet more news on the pension scheme tax relief regime from 6 April 2011. It is now apparent that if you do not use all of your new £50,000 annual contribution limit, you can carry it forward for a maximum of 3 years. This gives plenty of all-important flexibility, to take into account your particular needs and resources.

Although this new rule does not come in until the start of the next tax year, you can use it to cover the earlier tax years 2008/09, 2009/10 and 2010/11 by carrying forward unused relief in those years to pay up to 3 years’ later.


Arthur Bell
Director

We would be pleased to show you how this would work in your specific circumstances, thus ensuring you get tax relief at your top rate on pension contributions. For more information contact Arthur Bell on 023 8046 1200.

HWB is a trading name of Hopper Williams and Bell Limited.

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