Aifa and ABI publish consumer A-Day guide

The guide aims to raise awareness of the changes brought by A-Day and recommends consumers seek financial advice if certain rules apply to them or they need further information. Fay Goddard, deputy director general at Aifa, says: “We hope it will encourage people to seek advice where required.” She points out the changes are relevant to anyone with a pension, rather than just affecting high earners. Specifically, the guide explains: How much can be paid into a pension fund; How tax relief applies; What the lifetime allowance is; When the consumer can take benefits; How to take i...