EPPs will no longer have their special features after April 2006, so personal pension clients should exploit these now as well as planning ahead for the new regime
Executive pension plans (EPPs) are enjoying a final hour of glory in the run up to pension tax simplification on 6 April 2006, commonly referred to as A-Day. The important task ahead is to make optimal use of these flexible occupational pension arrangements before their special features are withdrawn. At the same time it is essential to plan ahead for the EPP's demise when the new rules restrict the opportunity to fund for a high proportion of tax-free cash (TFC). Right now it is still possible to take out a new EPP and accrue benefits under the current regime. This means that personal pen...
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