How can we simplify pensions?

There are 23 pages devoted to taxable property alone, and the rules on tangible moveable property are a fascinating study in the obtuse. The complexities of the HMRC approach are such that, whilst having the ability to purchase a prison, a member of a pension scheme had better not end up as a guest of Her Majesty, as the result would be a tax bill for the beneficial enjoyment of the stay. Woe betide the 50 year-old partially crystallising funds in 2009. Benefits crystallised before 6 April 2010 can continue to be paid but no new benefit crystallisation events can take place until the m...