Many employers still to implement A-Day changes - Aegon

According to Aegon Scottish Equitable, only about 35% of its schemes since April 2006 have removed the earnings cap; the maximum level of salary that was allowed to be put into tax efficient schemes. This is despite the fact A-day removed these limits and put in a system of allowances instead. Potentially, this means nearly two thirds of companies are still operating with a restrictive benefit limit that was imposed by the Revenue. However, as a result of the A-Day changes they have the opportunity to remove this and make benefit calculations and communication easier for their employees...