Financial Services Industry
Industry: Email Alert RSS FeedWitan warns of pensions impact from youth debt.(pension planning affected byeducation costs,consumer debt)(Witan Investment Trust)(Brief Article)
Financial Adviser, January, 2004
WITAN Investment Trust has encouraged investors to take advantage of a long-standing, but often overlooked pension tax break.
As part of the results of a survey of investors' attitudes towards planning for retirement, the company has issued a reminder that carry-back pension tax relief is available to any member of a personal pension scheme.
The facility allows a contribution paid in one tax year to be treated for tax purposes as having been paid in the previous tax year. Investors wanting to carry-back to the tax year of 2002-03 have until 31 January to act.
The research conducted for the company by YouGov also revealed those aged 18 to 29 were aware that they would have to provide for themselves in their retirement years.
James...
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