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'A' day - Important Changes to Pensions Legislation from 6 April 2006 Keeping things simple is one of the main aims of the Coats Pensions website. So the new changes to pensions taxation, called Simplification, should be most welcome. Unfortunately, the changes seem to have made pensions - an already complex issue for most people - even more complicated. In order to keep you up to date with the changes that 'A' day brings, Pensions News 16 and the accompanying factsheets cover this subject in depth. Plan members should receive these documents in mid-March, but you can also view them online - click here to view the factsheets. The new legislation brings with it some new terminology. We've added this to our Jargonbuster. In addition, we've updated our Links section to provide more information about some of the organisations at the heart of the new legislation. In particular, we found that the Pensions Advisory Service (TPAS) has some very useful information about 'A' day. We know it's a heavy subject, so we've attemped to add a light-hearted element too, and have updated our Fun section with a quiz about the letter A! We are working on a Frequently Asked Questions (FAQ) on the subject of 'A' day legislation, which will aim to sort out any confusion arising from the new legislation. As with all aspects of this site, our 'A' day information is only intended to provide general information and does not give specific financial advice or information to individuals. Please click here to view our Disclaimers and other Legal Information. |
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