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The pensions simplification rules coming into effect on 6 April are already causing confusion

We have been proved right earlier than anticipated in our prediction the new pension simplification ...

We have been proved right earlier than anticipated in our prediction the new pension simplification rules due to take effect from April 2006 will cause confusion. We had to issue a clarification on contributions and suggested self-employed people would still be restricted to contributing a percentage of their net drawings. This was taken from an Inland Revenue source by our friends at Axa. Well done to the eagle-eyed accountant who has picked the Revenue up on this point, suggesting it should have been net profit rather than drawings. Having checked with the Revenue Simplification Helpl...