A-Day
The world of pensions is in a state of flux. Following the 6th April 2006, A-Day, the entire UK pensions system will change. The aim is to simplify the current complex rules and will affect anyone who retires after A-day.
Today there are no less than eight sets of complicated tax rules for different pensions, affecting contributions, relief and benefits. On A-day these will also disappear to be replaced by a single set of rules.
There will be many winners but also, particularly among high-earners, some potential losers. It will be important for some to take action before April 2006, and for everyone to review their pension situation to take maximum advantage.
If you would like to receive a free report on how A-day affects contributions, lifetime allowances, tax-free lump sums, annuities and investment freedom click on the contact button above and fill out our pensions enquiry form.