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    n April 2006 is to simplify the existing pension rules. The rules will affect all pensions including personal and work pensions. In a nutshell, A-Day aims
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    It has been claimed that A-Day is set to be the biggest shake-up that pensions in the UK have experienced in over 60 years but it has also left many wondering what A-Day is and what pension advice they will need to prepare for it. Below we take a closer look at A-Day and what it might mean for the average worker.

    What is A-Day?

    A-Day refers to the changes to the UK pensions which is set to occur in April this year.

    What is the aim of A-Day?

    The main idea behind A-Day is to “increase choice and flexibility for all”. The government’s broad aim in the introduction of the new pension rules in April 2006 is to simplify the existing pension rules. The rules will affect all pensions including personal and work pensions. In a nutshell, A-Day aims

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    ring what A-Day is and what pension advice they will need to prepare for it. Below we take a closer look at A-Day and what it might mean for the average worker.

    What is A-Day?

    A-Day refers to the changes to the UK pensions which is set to occur in April this year.

    What is the aim of A-Day?

    The main idea behind A-Day is to “increase choice and flexibility for all”. The government’s broad aim in the introduction of the new pension rules in April 2006 is to simplify the existing pension rules. The rules will affect all pensions including personal and work pensions. In a nutshell, A-Day aims

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    What is A-Day?

    A-Day refers to the changes to the UK pensions which is set to occur in April this year.

    What is the aim of A-Day?

    The main idea behind A-Day is to “increase choice and flexibility for all”. The government’s broad aim in the introduction of the new pension rules in April 2006 is to simplify the existing pension rules. The rules will affect all pensions including personal and work pensions. In a nutshell, A-Day aims

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    The main idea behind A-Day is to “increase choice and flexibility for all”. The government’s broad aim in the introduction of the new pension rules in April 2006 is to simplify the existing pension rules. The rules will affect all pensions including personal and work pensions. In a nutshell, A-Day aims

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    n April 2006 is to simplify the existing pension rules. The rules will affect all pensions including personal and work pensions. In a nutshell, A-Day aims to take the pressure off agencies that need to give pension advice by actually simplifying the whole pension system.

    What pension changes will occur with A-Day?

    •The Standardisation of Tax Free Cash - The tax-free cash sum entitlement currently differs between Pension Schemes. Furthermore, the entitlement in the Occupational Pension Schemes can actually be less than 25%. The simplified pension rules will ensure that Tax Free Cash allowance of all Pension Schemes is set at 25% of the fund value as standard. If you have an occupational pension where the tax-free cash entitlement is higher than 25% the

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