Preparing for Retirement

  • Bill Packer
  • Colin Sandy

Abstract

Retirement is a long way into the future for David Wiltshire — why should he have to think about it at all? Obviously he cannot go into an occupational pension scheme as described in 4.4.6 as this is open only to employees; but it is possible for those individuals in self-employment or employees not in a pensionable employment to obtain tax relief in respect of premiums paid to secure a retirement annuity provided it is in a form approved by the Inland Revenue. It is also possible to claim relief on premiums paid to obtain an annuity for a widow or other dependent relatives.

Keywords

Income Expense 

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Copyright information

© Touche Ross & Co. 1985

Authors and Affiliations

  • Bill Packer
    • 1
  • Colin Sandy
    • 1
  1. 1.Touche Ross & CoUK

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