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Why is Simplification so Complicated?

John Hayward, Pension Consultant, ponders on whether the new pension tax regime has achieved its stated aims

 
John Hayward Pension Consultant ponders on whether the new pension tax regime has achieved its stated aims
 
There was a time when I felt that my article 'For the Sake of Simplicity' (Issue 459) published as long ago as 6 July 1998 had had some influence on the former Inland Revenue's remit to simplify the pensions tax regime in the UK. But somewhere along the way between the first tentative steps of the original working party the 'Grantham Eight' in March 2000 the consultation documents of December 2002 and December 2003 FA 2004 the copious amendments in FA 2005 the knee-jerk reaction of the...

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