AVC by 31 Oct but no longer with 2007 employer...

[extopia]

I changed jobs in 2008, so now have a different pension plan. Would like to maximise tax relief for 2007 by making an AVC up to my limit of 25% of salary. Is it possible to make an AVC into a pension scheme no longer contributed to (although I have not yet rolled it over into the new employer's scheme)?

If not, are there any other options open to me?

 

[Homer]

I'm afraid Revenue rules don't allow you to pay AVCs into an employer's pension scheme after you have left service.

Assuming you were a member of your employer's pension scheme throughout 2007 and have no earnings related to other employment, you do not at this stage have any opportunity to pay a contribution in respect of 2007 that will be tax deductible.

Homer

 

[extopia]

Thanks, Homer.