A simpler way?

Pension tax simplification is one of the hot topics currently occupying the minds of the UK financial services industry. The Government intends to replace the eight fiscal regimes that presently apply to Inland Revenue approved pensions with just one, and its radical proposals will be published this year in the Finance Act and supporting regulations. A Green Paper published in December 2002 originally set 6 April 2005 as the date for its implementation. However, this has been put back to 6 April 2006, much to the relief of providers, financial advisers and, it is suspected civil servants...