12/05/2008 -
Deadline for protecting pension funds
A-Day (6 April 2006) was a decisive change in the legislation surrounding pension funds. One of the outcomes was that a three year window for existing pensions was allowed - but this is ending soon!
This does not affect everyone, but large pension assets can be protected:-
For funds in excess of £1.5 million at A-Day, Primary Protection is suitable.
For funds that could well grow above the revalued £1.5 million, enhanced protection is available.
For certain schemes where pension commencement Lump Sums exceed 25% of the fund, protection may be available.
We will be pleased to look at your pension schemes and provide an audit as to whether these protections are worthy of consideration.
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