Pension tax simplification, often simply referred to as "pension simplification" and taking effect from A-day in 6 April 2006 was a policy announced in 2004 by the Labour government to rationalise the British tax system as applied to pension schemes. The aim was to reduce the complicated patchwork of legislation built-up by successive administrations which were seen as acting as a barrier to the public when considering retirement planning. The government wanted to encourage retirement provision by simplifying the previous eight tax regimes into one single regime for all individual and occupational pensions.
Broadly the new regime allows considerable freedom in the tax relievable contributions that may be made to pension schemes, and the assets in which they may be invested. It also however caps the size of tax favoured pension fund that may be accumulated by an individual. This 'lifetime allowance' was set at £1.6M for 2007–08. Funds accumulated in excess of the lifetime allowance are subject to a tax charge of 55%. Transitional protection provisions were made for individuals who had already accumulated pension funds in excess of this amount.
Written by John Curulewski
Lead vocals by John Curulewski
woke up in rainy autumn
morning mist beginning to wane
and the birds of the winged trees
calling my name
care less the clouds above me
the wind is gently lifting my hair
where the rivers of the wind fall light rain
now stand bare
listen to the flowing streams
golden in the shelter of my dreams
playing a song on the meadow that echoes with love
walk alone through the garden
the leaves are wet with morning's tear
and the whispering of someone
is drawing me near
content to rest awhile
pondering the motion of time
over unforgotten memories
dipped in winelisten to the flowing streams
golden in the shelter of my dreams
playing a song on the meadow that echoes with love
[extended instrumental solos]
the god of dusk is falling around me
the night air now restless and dank
yet the fields are specked with flowers
few and rank
moon reflecting off the water
rippling an image to me
of the way that it is
and the way that it's going to be
listen to the flowing streams
golden in the shelter of my dreams
playing a song on the meadow that echoes with love
[Donghae]neon mudji, hangsang eolmana, neol sarang ha neunji
[Ryeowook]gakkeumsshik, ajik meon, mirae kkaji buranhae haji
[Yesung]geokjeong hajima neol gwerob hajima, naegen wanbyeokhan saram
ingeol
[Kyuhyun]summan shwi eo do, hwajang anhaedo, neon areum dawo, nun busheo
[Sungmin]haru e hanbeon man neol saenggakhae
deo isangeun andwae, akkyeo dul geoya
[Heechul]himdeul eobtdeon haru ye sunshine geudaeman
isseo jun damyeon O.K. geugeollo dwae
[Leeteuk]neol bomyeon, pyeonhae ireon mal, neon shilheo haetjiman
[Shindong]haengbokhae, hajiman, yeojeonhi neon buranhae haetji
[Eunhyuk]ye shim hajima neol gwerob hijima, sashil sunjinhan saram ingeol
[Siwon]sarang seureon nun useum neomchil ttae, neon areum dawo, nun busheo
haru e hanbeon man neol saenggakhae
deo isangeun andwae, akkyeo dul geoya
himdeul eobtdeon haru ye sunshine geudaeman
isseo jun damyeon O.K. geugeollo dwae
[Ryeowook]meorissok ontong neoye saenggak ppun
[Kyuhyun]mwonga dareun geoseul wonhaedo, jamshi meolli tteoreojyeo bwado
gyeolguk neo, gyeolguk neo, neomu shinbihae
[Donghae]jamshi nun gamgo neol tteo ollyeo
You’re So Beautiful Girl, neo ppunya
[Yesung]jigeum geudaero ni moseubi
gajang areum dawo nun busheo (My Girl)
haru e hanbeon man neol saenggakhae ([Ryeowook]ohh)
deo isangeun andwae, akkyeo dul geoya ([Ryeowook]deo isangeun andwae,
akkyeo dullae)
himdeul eobtdeon haru ye sunshine geudaeman
([Kyuhyun]himdeul eobtdeon haru ye sunshine, geudaeman)
isseo jun damyeon O.K. geugeollo dwae ([Yesung]O.K. geugeollo)
haru e hanbeon man neol saenggakhae ([Kyuhyun]haru e hanbeonman,
saenggakhae)
deo isangeun andwae, akkyeo dul geoya ([Kyuhyun]andwae, akkyeo dul geoya)
himdeul eobtdeon haru ye sunshine geudaeman
([Ryeowook]himdeul eobtdeon haru ye sunshine geudaeman)
isseo jun damyeon O.K. geugeollo dwae ([Kyuhyun]isseo jun damyeon O.K.
where are you
when I'm near
so far away
so far away
i think you are the most important so near
so near
to me
too near
my simple footsteps
boot ? theirselves on ?
i think that I must be with you
? now a day
where are you so far away
it makes no sense
it makes on sense at all
where are you
where are you
where are you
where are you
so far away
i think you are the most important so near
so near to me to near
my simple footsteps
? theirselves on ?
i think that I must be with you
? now a day
where are you
so far away
i think that I
must be
now a days
now a days
now a days
so where are you
so far a way
in just one day
in just one day
in just one day
it makes no sense at all
it makes no sense at all
it makes no sense at all
in just one day
in just one day
in just one day
in just one day
in just one day
WHERE ARE YOU
WHEN I AM NEEDING YOU
SO FAR AWAY
SO FAR AWAY
I THINK YOU'RE THE MOST IMPORTANT
TO ME TO ME TO ME TO ME
MY SUNKEN FOOTSTEPS PUT THEIRSELVES ON
THROUGH THIS GALLERY OF DECEASED
I THINK THEIR LIVES MUST BE DECEIVED
LIKE THE SHAM NOWADAYS
WHERE ARE YOU
SO FAR AWAY
IT MAKES NO SENSE
IT MAKES NO SENSE AT ALL, HA
WHERE ARE YOU ?
WHERE ARE YOU ?
WHERE ARE YOU ?
HA, HO
WHERE ARE YOU
SO FAR AWAY
I THINK YOU'RE THE MOST IMPORTANT
TO ME TO ME
MY SUNKEN FOOTSTEPS PUT THEIRSELVES ON
THROUGH THIS GALLERY OF DECEASED
I THINK THEIR LIVES MUST BE DECEIVED
LIKE THE SHAM NOWADAYS
WHERE ARE YOU
SO FAR AWAY
I THINK THEIR LIVES MUST BE DECEIVED
LIKE THE SHAM NOWADAYS
NOWADAYS
NOWADAYS
NOWADAYS
NOWADAYS
IT MAKE NO SENSE AT ALL
SO FAR AWAY
IN JUST ONE DAY
IN JUST ONE DAY
IT MAKES NO SENSE AT ALL
IT MAKES NO SENSE AT ALL
IN JUST ONE DAY
IN JUST ONE DAY
IN JUST ONE DAY
IN JUST ONE DAY
IN JUST ONE DAY
IN JUST ONE DAY
IN JUST ONE DAY
IN JUST ONE DAY
IN JUST
IN JUST ONE
ONE DAY
Give me something to laugh about
All this tenderness will wind me up.
You won't come Independence Day
To watch the arrows fly so aimlessly
What has come to me?
When I have watched the universe
The discovery
That everyone
Gets common
So strange
And perfect again
A life is full, a perfect form
Still we carry it hard in our arms
I've memorized the way of things
I'll keep you around with remembering
Everyone has moments like these
I don't want to talk about it
What can I say to you
When theres nothing to say
I will find all the reasons
And kill all the good ones
But time, after it all
It will be fine.
With every rush of blood that comes
When the sum of you could hide the sun
I'll put it all away today