A-Day 1 year on

摘要

Last year there was a frenzy of activity to prepare for the 'pensions tax simplification regime that came into force in April 2006. Many commentators regard the new regime as a considerable improvement and it has created more flexible investment opportunities, particularly in relation to contributionsPension schemes and plans are very tax efficient, as your contributions can qualify for full tax relief and the fund grows virtually tax free. Until April 2006 there were strict limits on how much you could contribute and for many people it was not possible to have a private pension as well as an occupational scheme.