A. J. Johnson

A. J. Johnson may refer to:

AJ

AJ, Aj, aJ, or aj may refer to:

People

Johnson

Johnson is a surname of English origin. The name itself is a patronym of the given name John, literally meaning "son of John". The name John derives from Latin Johannes, which is derived through Greek Ἰωάννης Iōannēs from Hebrew יוחנן Yohanan, meaning "Yahweh has favoured". The name has been extremely popular in Europe since the Christian era as a result of it being given to St John the Baptist, St John the Evangelist and nearly one thousand other Christian saints. Johnson is the ninth most common surname in Sweden/Scandinavia, second most common in the United States and 154th most common in the world.

See also

References

Life in a Day

Life in a Day may refer to:

Pension tax simplification

Pension tax simplification, often simply referred to as "pension simplification" and taking effect from A-day on 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.

Main changes

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.