A-Day

Saving for your pension makes more than just common sense: it makes great financial sense when you consider the tax incentives for pension savings. Since the 6th April 2006, commonly referred to as ‘A-Day’ in financial circles, there is a simple set of tax rules for pension savings. Depending on the terms and conditions of your individual pension scheme, there are no longer any limits on how much you can save for retirement. You can save for your pension in as many different schemes as you wish, so you could have an occupational pension with your employer and a private pension with an insurance company simultaneously.