Contributing to Several Pension Schemes at Once

Since the 6th April 2006, new tax rules allow you to contribute to as many different pension schemes as you wish. It means you could contribute into a stakeholder pension, an occupational pension and a personal pension all at the same time. Whilst this option offers great flexibility, it is worth keeping in mind that each of these schemes will have its own administration charges, and so it is always a good idea to consult an independent adviser before doing so.