| Commentary

40.3 Pension provision

| Commentary

40.3 Pension provision

The new regime for pensions introduced on 6 April 2006 was considered in outline above1. It is clear that the scope for making pension arrangements with the benefit of tax relief is greater for a company in relation to its directors or employees than for a sole trader or a partnership. This is not because of any differences between the annual or lifetime allowances in these circumstances, because these have been harmonised under the new system, but simply because both the company and the director or employee are contributing to the scheme rather than the

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