These
new pensions (introduced in 2001) allow pensions to
be provided through low-cost plans offered by a number
of insurance companies. Advantages include
contributions;
can
be started, stopped or adjusted at any time without
penalty (subject to minimum contribution of £20
)
up
to £3,600 (gross) per annum can be paid
irrespective of income;
are
payable net of tax, so that for every £1
paid over £1.28 is invested
