A five point plan to help employers and trustees cope with pensions tax simplification rules has been launched by the Pensions Regulator.
In the briefing the regulator highlights the need for action in respect of the changes being introduced by HM Revenue and Customs (HMRC). The briefing is designed to provide guidance to help employers and trustees in order to prepare for A-day and includes information on the changes pensions tax simplification is bringing; how the changes impact upon existing pension arrangements; what changes are going to be made, how to implement the changes and how to communicate the changes to employees and scheme members. The Regulator says to pave the way for a smooth transition to A-day, employe...
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