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Preparing for Retirement

In: The Touche Ross Tax Guide for the Self-Employed

Author

Listed:
  • Bill Packer

    (Touche Ross & Co)

  • Colin Sandy

    (Touche Ross & Co)

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.

Suggested Citation

  • Bill Packer & Colin Sandy, 1985. "Preparing for Retirement," Palgrave Macmillan Books, in: The Touche Ross Tax Guide for the Self-Employed, chapter 5, pages 85-92, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-16977-1_5
    DOI: 10.1007/978-1-349-16977-1_5
    as

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