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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.
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.
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Zulum Elumogo is a dancer studying Social Policy and Government at the London School of Economics (LSE). Follow us in a day in his life! Subscribe To "Crimson Education" Channel HERE: http://bit.ly/2ha5MAA Like "Crimson Hub" on Facebook HERE: http://bit.ly/2hSv4mu Follow "Crimson Hub" on Instagram HERE: http://bit.ly/2hXKZgv Interested in getting into a top college? Visit "Crimson Education" for a FREE consultation, HERE: http://bit.ly/2iBB0RD We'll be releasing more brilliant content fortnightly. Watch thousands of free videos anytime, anywhere at Crimson Hub. Try it now! http://bit.ly/2hXNy20 --- Crimson Hub aims at reducing the informational barriers present around degrees, universities, and careers. We have filmed current and past students at some of the world's best education ...
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Speaker(s): Cleo Pearson Recorded on 2 May 2013. Third year Geography student Cleo Pearson shows us what a typical day is like for her at LSE.
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Loss mich falle wie Schnei
Blos mich wie en Fedder en d'r Wind
Loss mich falle wie d'r eetste Schnei
Janz leis
Streu' mich wie Stäne en de Nach
Loss mich föhle wie am eetste Dach
Un met Mondlech deck mich zo
Komm deck mich zo
Ich setz et Sejel für en lange Reis'
Ich well fahre für en Iwigkeit
Loss mich drieve op däm lange Wäch
Wohin d'r Wind mich drät
Loss mich falle wie Schnei
Blos mich wie en Fedder en d'r Wind
Loss mich falle wie d'r eetste Schnei
Janz leis
Hüre Leeder die d'r Wind verzällt
Treck' met de Wolke hu am Firmament
Un ich verklinge wie e Woot vun Dir
D'r Himmel es e Deil vun mir
Streu' mich wie Stäne en de Nach
Loss mich föhle wie am eetste Dach
Un met Mondlech deck mich zo
Komm deck mich zo