Products are mainly medium- and long-term tax-advantaged investment products.
If their income in any one year falls below £30,000, they can, for the next five years, put up to £3,600 in a tax-advantaged stakeholder in addition to their occupational pension.
Annuities are not supposed to be tax-advantaged inheritance vehicles, however—they are insurance products.
They are targeted, tax-advantaged share option incentives to help small companies recruit and retain the staff they need to grow.
It could also reflect an employee's preference for deferred compensation in a tax-advantaged account, which we could not account for directly in the model.
