Use it or lose it

Since A-Day clients have had the opportunity to register the pre A-Day value of their registered pension scheme for enhanced protection. However, the opportunity to register for enhanced protection is not available indefinitely. Clients who fail to register for protection and who subsequently find the eventual value of their pension fund exceeds a future lifetime allowance, could face additional tax charges. Advisers must act now if they are to add value to their clients' retirement plans and if clients are to benefit from these protection opportunities before it is too late. A client who...