MyCompanyPension.co.uk - Helping members of occupational pension schemes to better understand their benefits.

29th November 2014
:: Scheme Member | A-Day: New Regulations from April 2006 | A-Day: Changes in Detail

A-Day: Changes in Detail  
 
This is a more detailed guide to the tax simplification changes affecting pensions, that became effective from 6th April 2006. This date is now generally known as A-Day.
 
This guide sets out some of the main changes; the benefits; the contributions allowed; and the way they are treated for tax. Pension simplification has replaced the eight former tax regimes so that all forms of scheme are governed by one (albeit huge) set of regulations.
 
We take an in-depth look at the major aspects of:
  • Types of Pension Plan
  • Lifetime Allowance
  • Protection (Enhanced and Primary)
  • Annual Allowance
  • Tax Free Cash
  • Retirement Age
  • Flexible Retirement
  • Ways to Take your Pension Benefits
  • Trivial Pensions
  • Death Benefits
For a more brief insight into the A-Day issues, see our Factsheet, What was A-Day?
 
To find out more, choose one of our free Factsheets on the right to match your category of membership.
 
 
Not sure which category of member you are? See our definitions:
 
 
 
 
 
See our Glossary for definitions of phrases in our Factsheets
       
 
 
 
 
 
  Defined Benefit scheme members
 
My Health - for Active Members of Defined Benefit Schemes
My Health - for Preserved Members of Defined Benefit Schemes
My Health - for Pensioner Members of Defined Benefit Schemes
       
 
  Money Purchase scheme members
 
My Health - for Active Members of Money Purchase Schemes
My Health - for Preserved Members of Money Purchase Schemes
My Health - for Pensioner Members of Money Purchase Schemes
 
     

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