A Day

(redirected from Pension simplification)
Also found in: Wikipedia.

A Day

The day (April 6, 2006) on which HM Revenue & Customs changed the tax-free limitations on pension savings.
References in periodicals archive ?
Although the industry awaits the results of the consultation period I cannot help but to think back to the run up to April 2006 and the introduction of pension simplification badged as "A" Day.
Since the introduction of Pension Simplification in April 2006, many pension holders registered for Enhanced Protection and/or Primary Protection under the transitional arrangements.
This announcement from the Treasury is intended to simplify the rules brought in by the previous government but, in my experience, pension simplification is never as 'simple' as it is made out to be.
This was when the new Pension Simplification regime came in.
Financial services company Standard Life has implemented the Metafaq eCustomer service solution from customer service software provider Transversal to provide Independent Financial Advisers (IFAs) with online answers to questions on the Pension Simplification Initiative, along with questions on the Defined Contributions Pensions regime and Inheritance Tax from the UK Government.
Legal said Government initiatives on pension simplification were expected to lift demand in 2006, but added that saving levels for retirement were still likely to remain 'insufficient
With pension simplification on its way, some clients will want to include residential property and other assets in their pension.
MORE than half (55%) of small firms in the UK are unaware of the government's Pension Simplification Proposals.
In a survey of small and medium-size businesses, only 9% listed pension simplification and reform as one of the three most important issues facing them today.
For the most part, the legislation includes pension simplification provisions that reduce some of the unnecessary complexity in our pension laws.
104-188), marking a historic moment for public pension simplification.
Other employers are counting on pension simplification to help HCEs make the maximum contribution.