Juilliard School

The Juilliard School, /ˌdʒuːliˈɑːrd/ located in the Lincoln Center for the Performing Arts on the Upper West Side of Manhattan, New York City, is a performing arts conservatory established in 1905. It is informally referred to as Juilliard /ˈdʒuːliˌɑːrd/. The school trains about 850 undergraduate and graduate students in dance, drama, and music. It is widely regarded as one of the world's leading music schools, with some of the most prestigious arts programs.

History

A Day in the Life

"A Day in the Life" is the final song on the Beatles' Sgt. Pepper's Lonely Hearts Club Band album. Credited to Lennon–McCartney, the song comprises distinct sections written independently by John Lennon and Paul McCartney, with orchestral additions. While Lennon's lyrics were inspired by contemporary newspaper articles, McCartney's were reminiscent of his youth. The decisions to link sections of the song with orchestral glissandos and to end the song with a sustained piano chord were made only after the rest of the song had been recorded.

The supposed drug reference in the line "I'd love to turn you on" resulted in the song initially being banned from broadcast by the BBC. Since its original album release, "A Day in the Life" has been released as a B-side, and also on various compilation albums. It has been covered by other artists, and since 2008, by McCartney in his live performances. It was ranked the 28th greatest song of all time by Rolling Stone magazine. On a different list, the magazine ranked it as the greatest Beatles song.

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.