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Federation of Small Business calls for retention of carry-forward and carry-back

The Federation of Small Business is calling on the Inland Revenue to retain carry forward and carry back provisions in personal and stakeholder pensions.


The Federation says it has countered the Inland Revenue&#39s arguments for simplicity with the need for flexibility.


The Revenue argues that representations from pension providers intimated the carry-forward provisions were complex and difficult for them to assess.


Federation of Small Business&#39s Pensions spokesman Terence O&#39Halloran says: &#34The reduction of the carry back period from a full twelve months to January 31 from April 5, which was the Inland Revenue proposal, is the loss of a very valuable three months.&#34

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