Pension Review

This review – aka the Harmer Review – is expected to provide its final report in February 2009.

While any changes which arise from this review could be implemented in the 2009/10 financial year, there are strong arguments that any changes should only be implemented in conjunction with the changes arising from the AFTS Review.

One of the principal reasons for the AFTS Review is to rationalise the interaction between the pensions system and the tax system.  The early introduction of pension changes may simply result in those changes having to be altered when the AFTS Review changes are implemented.