Tax simplification remains the key issue for advisers not post-election speculation

pensions

With A-day fast approaching, it is vital that intermediaries focus on preparing their clients for pension tax simplification rather than getting distracted by post-election issues such as the need to reform the private, public and state pensions system

Right now advisers should keep a clear focus on pre-election pension planning, and that means preparing clients for pension tax simplification. On 6 April 2006, A-Day, the new single pensions tax regime will sweep away the existing eight rulebooks for private occupational and personal plans. For those with high earnings and or large funds there is a range of complex issues to consider. While those with very substantial funds should automatically register for protection, individuals with smaller funds that are expected to grow rapidly should also consider taking this step. Employees in oc...