Blog: Retirement reshuffle

Now the dust has settled on the many changes to pensions legislation, which will take place from 6 April 2011, it may be an appropriate time for reflection. The changes to the annual allowance, incorporating carry-forward, are to be welcomed as these are much clearer than the complex anti-forestalling legislation enacted by the previous administration. The reduction in the lifetime allowance from 6 April 2012 is tempered by the ability to apply for fixed protection should a member expect their fund to reach the current lifetime allowance of £1.8 million by the time they crystallise th...