The rules governing these pension plans have been altered since 2006 tax
year. - for detailed information visit the following websites:
Government
http://www.direct.gov.uk/MoneyTaxAndBenefits/PensionsAndRetirement/PersonalPensions/fs/en
Sipp Provider Group
http://www.sipp-provider-group.org.uk
You will have to decide if it is to your advantage to get the tax
relief on contributions and have your money linked to a personal
pension scheme with its attendant rules and regulations.
Or do you have the discipline to save independently for example
with ISA,s and be in charge of your own funds.
Both routes have their plus and minus points - do your homework
well before deciding.
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