Six out of ten ageing Brits are unaware of the changes affecting theirt pension funds as a result of A-Day on 6 April next year, new research indicates.
50Connect, an Online lifestyle portal serving over 45’s, has revealed similar findings to research released late last week concerning the lack of A-Day awareness among British small to medium sized firms (SMEs). 50Connect says there is a general lack of understanding regarding new tax rules attached to pensions legislation offering more tax relief and flexibility, as well as those placing a cap on the amount of tax free cash that can be withheld. Dale Lovell, money editor at 50Connect.co.uk, says it is no surprise so many individuals have no idea what affect A-Day might have on them. ...
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