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Carry forward axe threatens self-employed

Many self-employed people are set to lose a valuable means of topping up their pension if the carry forward rule is abolished.


Carry forward allows savers with personal pensions who have reached the limit for this year&#39s contributions to go back six years and top up.


The system aided the self-employed who often don&#39t know the level of profits made until the end of the tax year.


But the Government has decided to scrap carry forward to encourage people to save today rather than putting it off until tomorrow.

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