Re: pension or life cover ?
 

Thanks for the links graham, I'll be lookin over these in the next couple of days, and see what grabs my attension. That is if I can understand what I'm reading. :dunce:

Anyway, have a good rep. :) ;)

Re: pension or life cover ?
 

The whole backdating thing is largely an arbitary offer by the Inland Revenue, as the limits for contribution are set fairly high each year.

http://www.inlandrevenue.gov.uk/pensionschemes/ir3.pdf

To start thinking about backdating you need to have controbuted over 17.5% of your salary to a PPP. So someone earning £24,000 / year will need to contribute £4,200 or £350 (before tax) / £238 of takehome, something that most cannot do unless they have an inheretence / windfall to tuck away somewhere safe.