Pensions

Abstract

As we live longer, but are left with greater responsibility for our welfare in later life, it becomes more and more important to make the most of the opportunities presented to us by pension tax reliefs. This chapter is mainly concerned with the tax aspects of pension arrangements as they will affect you. This means that the primary focus of the chapter is the framework of tax reliefs relating to registered pension schemes. However, to provide some context, there is also a summary of the state scheme (14.2) and of private schemes that are not registered for tax purposes (14.3).