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(From Financial Director)
Byline: Anthony Harrington.
One of the great ironies of the Inland Revenue's pensions S'Simplification' initiative, which kicks in on 6 April 2006 (universally Sknown as A-Day), is that simple it ain't.
The new rules sweep away boatloads of old rules but, in the process, Screate a significant number of additional wrinkles that will have pensions Sconsultants, companies and individual employees at a range of salary Slevels scratching their heads for some time to come.
Jonathan Camfield, Inland Revenue Simplification specialist at actuaries SLane Clark & Peacock, warns that the change affects far more than just ...