IFA points to potential A-Day benefits

With a year to go before A-day on 6 April 2006, Grant Thornton says the new rules will ensure greater flexibility along with few limits on tax arrangements. Richard Harwood, head of pensions group at Grant Thornton says: “The aim of the changes is simplification, however so far the Government has done a poor job of letting people know how the changes will affect them.” He adds that a great number of individuals believe pension simplification will only affect people with large pension pots. The firm encourages immediate action adding that major potential benefits can be drawn from the ...