It's only A-Day away

PENSIONS

Despite the nearness of A-Day there are still some areas of the new regime that are not clear so advisers will need to monitor the situation carefully and act appropriately when the time comes

The concept of pensions tax simplification has been with us for so many years now that it is sometimes easy to become complacent. We all know that in a matter of weeks, the eight different tax regimes we are working under will be scrubbed out of existence and replaced by a new single set of rules. We are familiar with the new concepts and lingo associated with this new regime - alternatively secured pensions, value protected annuities and benefit crystallisation events. But somewhere in the back of our minds there are still some niggling doubts about the new ways of working, and certainly...