A-Day will offer pension investors new opportunities but it will also bring in restrictions such as the lifetime limit and lower borrowing levels for Sipps investing in commercial property
The dawning of 6 April - A-Day - will bring some of the most significant changes to UK pensions legislation in years. Designed to offer greater individual choice and flexibility, the new pensions regime will generally allow many investors to make more contributions to their pension scheme and take larger tax free lump sums upon retirement. Tax rules for pension schemes will be simplified, with one set of Inland Revenue limits for all types of schemes, instead of the current eight different sets of tax limits for different types of schemes and different joining dates. However, A-Day will als...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
