Things seem to have gone a little quiet about A-Day, when pension regulation undergoes a major overhaul, since the government’s U-turn on property in SIPPs.
But that’s not to say that the changes in the pension rules are to be forgotten – indeed, these are said to be the biggest changes to the way pensions are handled in 50 years. With just 10 weeks until the new rules come into effect, if you’re serious about making the most of your retirement, you should already be thinking about what you should be doing to get the best out of your pension.
As ever, it’s a pretty complex subject, but The Telegraph has a useful checklist of the new rules that come into force on April 6th, as well as answering some questions that you might be asking yourself, such as:
- How much can I contribute into my pension?
- What is the maximum size of pension fund I can have?
- At what age can I retire?