Tristan Noyes looks at the implications and opportunities of funding other people’s pensions.
Putting money away for retirement is generally sensible, and pensions are highly tax-efficient ways of saving for the future.
However, those with income between £260,000 and £360,000 have a tapered annual allowance (possibly as low as £10,000); high pension contributors may hit their annual allowance maximum (£60,000) and those who have already started accessing their pension have a separate limit (i.e., £10,000 with no carry forward).
What if someone wants to
