'A-Day' 6 April 2006 Pension Changes
Significant changes to UK pensions legislation came into effect on 6 April 2006, known as 'A-day' many restrictions were removed. Limits on contributions were eased and made significantly higher.
Full concurrency was introduced, allowing you to be a member of more than one pension scheme and to make simultaneous contributions. New triviality rules let you take a small pension fund as cash.
Brand new features were the introduction of an annual allowance and a lifetime allowance.
