Personal Finance: All Change As a-Day Looms Buy-to-Let Still Booming ; in the Final Article in His Five-Part Series, Trevor Law Gives His Final Verdict On the Government's Major Changes in Britain's Pension Legislation

Birmingham Post › May 14, 2005

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Summary

Next year's A-Day may seem some way away. But the reality is more daunting for those who will be significantly affected when one of the biggest set of changes in the history of Britain's pension legislation comes into force on 6 April 2006.

Initially the new legislation was to have been effective in April 2005 but the changes needed for mainframe computer systems were considered to be even greater than those needed for the arrival of the new millennium.

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Extract

Personal Finance: All Change As a-Day Looms Buy-to-Let Still Booming ; in the Final Article in His Five-Part Series, Trevor Law Gives His Final Verdict On the Government's Major Changes in Britain's Pension Legislation

The result - after lobbying by the Inland Revenue, insurance companies and other sections of the pensions industry - was that A- Day was switched to 2006.

But despite this delay, larger numbers of pension holders seeking to avoid being caught out by the legislation changes may find they are being beaten by the march of time.

Many seem unaware that t...

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